KOSPI Closes at 3170 Level... Only Individuals Net Buy 1 Trillion [fn Closing Market]

[Financial News] KOSPI closed at the 3170 level, falling nearly 1%. As expectations for a U.S. interest rate cut diminished and expectations for the Korea-U.S. summit were reversed, foreign and institutional investors released their holdings. Only individuals bought over 1 trillion won.
On the 26th, according to the Korea Exchange, the KOSPI index closed at 3179.36, down 30.50 points (0.95%) from the previous trading day. The index started at 3199.92, down 0.31% from the previous session, and fell to the 3170 level.
In the securities market, foreigners and institutions net sold 783.1 billion won and 311.1 billion won, respectively. As the stock market faltered, only individuals injected a low-price buying trend of 1 trillion and 119 billion won.
By sector, textiles and clothing (1.27%), entertainment and culture (1.22%), and food and tobacco (0.99%) rose, while construction (-3.42%), electricity and gas (-3.10%), and transportation and warehousing (-2.24%) fell.
Among the top stocks by market capitalization, all stocks fell except for SK Hynix (0.39%). Samsung Electronics (-1.40%), LG Energy Solution (-0.13%), Samsung Biologics (-0.78%), Hanwha Aerospace (-0.78%), and Hyundai Motor (-1.35%) all closed weaker.
On the 25th (local time), the New York stock market closed lower as expectations for a September rate cut were dampened. Last Friday, the dovish remarks by Jerome Powell, the chair of the U.S. Federal Reserve, expanded risk asset preference sentiment, but caution was evident over the weekend. 
As the Korea-U.S. summit concluded on this day, the securities industry focused on the lack of specific negotiations or verbal agreements being formalized regarding tariffs. As a result, the domestic stock market was seen as more likely to experience short-term supply and demand concentration centered on specific sectors and themes, such as shipbuilding and inter-Korean economic cooperation stocks, rather than receiving upward momentum.
Lee Jae-won, a researcher at Shinhan Investment Corp., explained, "As expectations for a rate cut receded, foreign net selling resumed in the domestic stock market on this day." He added, "The Korea-U.S. summit lacked the document-type declaration containing the agreement that the market had expected," and "the perception that specific figures or detailed plans for semiconductor and pharmaceutical item tariffs, nuclear power, and shipbuilding cooperation were insufficient compared to expectations did not act as a rising material."
On this day, the KOSDAQ index closed at 801.66, up 3.64 points (0.46%) from the previous trading day. The index started at 793.99, down 0.5%, and recovered to the 800 level.
In the KOSDAQ market, foreigners bought 161.8 billion won worth of stocks, boosting the index, while individuals and institutions showed net selling of 107.2 billion won and 34.2 billion won, respectively.

nodelay@fnnews.com Ji-yeon Park, Reporter