KOSPI Composite Index Falls More Than 3% as Semiconductor Stocks Weaken Amid Concerns Over High Oil Prices and Interest Rates [fn Morning Market Update]
- Input
- 2026-09-14 09:44:33
- Updated
- 2026-09-14 09:44:33
[Financial News] The KOSPI Composite Index is down more than 3% as large-cap semiconductor stocks weaken amid concerns over high oil prices and high interest rates.
According to the Korea Exchange (KRX), as of 9:34 a.m. on the 14th, the KOSPI Composite Index was trading at 6,706.74, down 203.17 points, or 2.94%, from the previous day.
On the main board, retail investors were making net purchases worth 2.3629 trillion won, while foreign investors and institutions were making net sales worth 1.7565 trillion won and 772.5 billion won, respectively.
No sectors were showing gains. Electricity and electronics stocks were down 3.77%, insurance stocks fell 3.26%, and manufacturing stocks declined 3.14%.
Among the largest stocks by market capitalization, Woori Financial Group, KB Financial Group, and Shinhan Financial Group were up 2.14%, 0.84%, and 0.80%, respectively. SK Square, SK hynix, and Samsung Electro-Mechanics fell 6.43%, 4.86%, and 4.50%, respectively. Samsung Electronics was trading at 251,500 won, down 8,000 won, or 3.08%, from the previous day.
At the same time, the KOSDAQ (Korea Securities Dealers Automated Quotations) was trading at 805.64, down 15.00 points, or 1.83%, from the previous day. Retail investors were buying 137.2 billion won worth of shares, while foreign investors and institutions were selling 88 billion won and 46.3 billion won, respectively.
Investor sentiment appears to have weakened as the stronger-than-expected August core consumer price index (CPI) raised the likelihood of a September rate hike. Han Ji-young, a researcher at KIWOOM Securities, said, "The market is expected to remain volatile from the beginning of the week, influenced by the August CPI results released last Friday, the possibility of a September Federal Open Market Committee (FOMC) rate hike, the yen’s direction following the Bank of Japan (BOJ) meeting, oil-price movements, and changes in foreign-investor flows." She added, "The market is expected to focus on preparing for the September FOMC decision scheduled for early on the 17th."
[email protected] Han Geul Bae Reporter