KOSPI Falls to 2330 Level... US PCE Concerns, Foreign and Institutional Selling Pressure Emerges

KOSDAQ, Falling by Around 2%

[Asia Economy Reporter Hwang Yoon-joo] On the afternoon of the 30th, the KOSPI and KOSDAQ indices are weakening toward the end of the trading session. Amid growing concerns over a U.S. economic recession, investor sentiment is rapidly deteriorating ahead of remarks by Jerome Powell, Chairman of the Federal Reserve (Fed), the won-dollar exchange rate, and the scheduled PCE (Personal Consumption Expenditures) announcement this evening.

As of 3:18 PM, the KOSPI stands at 2,337.64, down 1.70% (40.35 points) from the previous day.

Foreign investors and institutions are net selling 216.2 billion KRW and 272.9 billion KRW, respectively. Foreign investors are selling 255.1 billion KRW in the futures market. The selling pressure from foreign investors and institutions has been increasing since the market opened. Individual investors are also net selling 457.9 billion KRW alone, but it is insufficient to defend the index.

[Image source=Yonhap News]

Among the top 10 stocks by market capitalization, only Hyundai Motor (+3.42%) and Kia (+1.04%) are rising. Samsung SDI (-6.32%) and LG Energy Solution (-5.24%) have maintained high decline rates throughout the session.

Notable declines are seen in textiles and apparel (-4.94%), non-metallic minerals (-3.49%), chemicals (-2.92%), electrical and electronics (-2.65%), and service industries (-2.02%).

The KOSDAQ is trading at 746.07, down 2.14% (16.28 points) from the previous day. Foreign investors and institutions are net selling 174.9 billion KRW and 86.1 billion KRW, respectively, while individual investors are net buying 185.4 billion KRW.

Among the top 10 KOSDAQ stocks by market capitalization, L&F (-7.36%) and EcoPro BM (-7.17%) have the highest decline rates. The aftereffects of LG Energy Solution’s withdrawal from U.S. investment yesterday continue today.

Declines are also seen in general electrical and electronics (-5.29%), paper/wood (-4.40%), IT components (-4.28%), chemicals (-3.92%), food and tobacco (-3.80%), IT hardware (-3.53%), and semiconductors (-3.24%).

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