FOMC Ahead Causes Hesitation... KOSPI Starts Below 3000 Mark

KOSDAQ Also Slightly Weak in Early Trading... Maintains 1000 Level

On the morning of the 14th, the KOSPI, won/dollar exchange rate, and KOSDAQ index, which started trading, are displayed in the dealing room of Hana Bank headquarters in Jung-gu, Seoul. [Image source=Yonhap News]

[Asia Economy Reporter Minwoo Lee] Ahead of the U.S. Federal Open Market Committee (FOMC) meeting on the 15th (local time), the KOSPI opened slightly lower amid cautious sentiment.

On the 14th, the KOSPI opened at 2,983.95, down 0.59% (17.71 points) from the previous day. As of 9:28 a.m., it recorded 2,987.41.

By investor type, individual investors were the only net buyers, purchasing 137 billion KRW worth. Foreigners and institutions sold 119.5 billion KRW and 18.7 billion KRW worth, respectively.

More sectors declined than rose. The order of decline was Chemicals (-0.79%), Financials (-0.53%), Electrical & Electronics (-0.40%), and Services (-0.33%). Food & Beverages (0.96%), Pharmaceuticals (0.85%), and Non-metallic Minerals (0.84%) rose.

Among the top 10 market capitalization stocks, LG Chem showed the largest drop at -3.79%. This was followed by Samsung SDI (-1.71%), Kakao (-1.25%), Samsung Electronics (-0.52%), NAVER (-0.38%), and KakaoBank (-0.32%). Hyundai Motor (0.48%), Kia (0.35%), and Samsung Biologics (0.23%) rose. SK Hynix remained flat.

The KOSDAQ opened at 1,001.11, down 0.48% (4.85 points). At the same time, it stood at 1,005.93.

In the KOSDAQ market, individual investors were net buyers of 6.5 billion KRW. Foreigners and institutions were net sellers of 1.9 billion KRW and 1.5 billion KRW, respectively.

The number of declining and rising sectors was similar. The largest declines were in Internet (-0.72%), IT Components (-0.71%), Construction (-0.55%), and General Electrical & Electronics (-0.50%). The leading gainers were Other Services (1.07%), Technology Growth Enterprises (0.97%), and Digital Contents (0.93%).

Among the top 10 market capitalization stocks, Pearl Abyss (1.46%), WeMade (1.28%), HL Biopharma (0.71%), Celltrion Healthcare (0.25%), Kakao Games (0.11%), and Celltrion Pharm (0.08%) rose. EcoPro BM (-1.69%), L&F (-1.48%), and Seegene (-0.42%) declined.

This content was produced with the assistance of AI translation services.