KOSPI Falls 0.53% to 2510 Level Amid Institutional 'Selling'...

The KOSPI index is showing a downward trend due to institutional selling pressure.

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As of 9:19 AM on the 3rd, the KOSPI index was trading at 2511.05, down 13.34 points (0.53%) from the previous trading day. The index opened at 2510.19, down 14.20 points (0.56%). Individuals and foreigners were net buyers worth approximately 31.3 billion KRW and 18.8 billion KRW respectively, while institutions were net sellers of about 49.4 billion KRW.

Among the top market capitalization stocks, LG Energy Solution recorded the largest drop, falling 2.37%. It was followed by Samsung SDI (-2.00%), LG Chem (-1.88%), and SK Hynix (-1.22%). Meanwhile, Samsung Biologics and Kia maintained stable prices.

By sector, chemicals (-1.41%), electrical and electronics (-1.11%), manufacturing (-0.82%), and telecommunications (-0.63%) showed weakness. On the other hand, non-metallic minerals (1.18%), medical precision instruments (0.78%), electricity and gas (0.71%), services (0.37%), and transportation equipment (0.32%) rose.

On the 2nd (local time), the U.S. stock market closed lower ahead of the Federal Open Market Committee (FOMC) interest rate decision in May. The Dow Jones Industrial Average fell 367.17 points (1.08%) to 33,684.53, the large-cap S&P 500 index dropped 48.29 points (1.16%) to 4,119.58, and the tech-heavy Nasdaq index declined 132.09 points (1.08%) to 12,080.51.

The market expects the Federal Reserve (Fed) to raise the benchmark interest rate by 0.25 percentage points at this FOMC regular meeting.

Han Ji-young, a researcher at Kiwoom Securities, explained, "The reemergence of instability in the U.S. small and medium-sized banking sector and cautious sentiment ahead of the May FOMC are expected to provide incentives for market participants to liquidate short-term positions, exerting downward pressure."

At the same time, the KOSDAQ index also showed weakness, recording 847.40, down 8.21 points (0.96%) from the previous trading day. Individuals were the sole net buyers with purchases worth about 99.7 billion KRW, while foreigners and institutions were net sellers of approximately 83.6 billion KRW and 16.9 billion KRW respectively.

Among the top market capitalization stocks, EcoPro (-4.50%), EcoPro BM (-4.31%), Celltrion Pharm (-3.44%), and Celltrion Healthcare (-3.20%) declined. JYP Ent. (1.92%) and Pearl Abyss (0.79%) showed gains.

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