KOSPI Holds Above 4,130... Market Waits Ahead of FOMC and AI Earnings [fn Morning Market Brief]

[Financial News] The Korea Composite Stock Price Index (KOSPI) remained above the 4,130 mark on the 9th. The market adopted a wait-and-see stance ahead of the Federal Open Market Committee (FOMC) meeting and earnings announcements from major Artificial Intelligence (AI) companies.
As of 11:05 a.m., the KOSPI was trading at 4,136.86, down 17.99 points (0.43%) from the previous session. The index opened at 4,129.77, a decrease of 25.08 points (0.60%) from the previous close.
In the KOSPI Market, institutions and individual investors were net buyers of 67.7 billion won and 13.6 billion won, respectively. Foreign investors sold off 91.6 billion won worth of shares.
By sector, entertainment and culture (up 0.82%), machinery and equipment (up 0.53%), pharmaceuticals (up 0.53%), and metals (up 0.47%) showed strength. In contrast, electricity and gas (down 2.01%), securities (down 1.30%), electrical and electronics (down 1.29%), manufacturing (down 0.71%), and insurance (down 0.63%) were weak.
Among major large-cap stocks, Samsung Biologics (up 0.80%), HD Hyundai Heavy Industries (up 5.89%), Doosan Enerbility (up 0.26%), and Hanwha Aerospace (up 1.81%) advanced. Meanwhile, Samsung Electronics (down 1.10%), SK hynix (down 1.91%), LG Energy Solution (down 2.05%), and Hyundai Motor Company (down 3.80%) declined.
The domestic stock market adopted a cautious approach ahead of the Federal Open Market Committee (FOMC) meeting. The Federal Reserve System (Fed) is scheduled to hold the FOMC on the 9th and 10th (local time) to decide whether to cut the benchmark interest rate.
The market is also closely watching earnings announcements from major global AI companies. Oracle and Adobe will release their results on the 10th (local time), while Broadcom will announce its earnings on the 11th. Investors are looking to these results to gauge whether the trend of AI infrastructure investment will continue into next year.
Han Ji-young, a researcher at Kiwoom Securities, stated, "Since December, the KOSPI has shown signs of recovery and has re-entered the 4,100 range. However, negative sentiment surrounding the domestic stock market is resurfacing. This week, with the FOMC and AI-related earnings events from Oracle and Broadcom, we should remain open to the possibility of renewed volatility."
At the same time, the KOSDAQ Index was trading at 931.06, up 3.27 points (0.35%) from the previous session. The KOSDAQ Index opened at 926.93, down 0.86 points (0.09%) from the previous close.

yimsh0214@fnnews.com Im Sang-hyuk Reporter