{
  "id": 10342515,
  "title": "[Opening Market] KOSPI Struggles as Chip Stocks Weigh",
  "url": "https://urgent.news/2026/09/28/opening-market-kospi-struggles-as-chip-stocks-weigh",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-28T02:42:52.000Z",
  "source": {
    "name": "BusinessKorea",
    "slug": "businesskorea",
    "url": "https://www.businesskorea.co.kr/news/articleView.html?idxno=277715"
  },
  "original_language": "en",
  "account": "On Monday, September 28th, the domestic financial market began the week with a down-trend, influenced by several factors including global monetary policy caution and foreign exchange market volatility. The KOSPI index opened at 7057.86, marking a decline of 23.06 points (0.33%) from its previous day's closing price of 7080.92 points. Despite a brief rebound attempt early in the session, selling pressure persisted, primarily targeting top semiconductor stocks by market capitalization. The KOSDAQ index, however, showed an upward trend of about 1%, primarily driven by foreign buying.\n\nEarly in the session, supply and demand exhibited stark differences between individual investors and foreigners and institutions. Individual investors, seeking to capitalize on the index decline for bargain hunting, net-bought around 145 billion won ($106.70 million), providing a lower bound of supply and demand. However, as the index declined further, their bargain-hunting volume increased. Foreign investors recorded a net selling of 82 billion won due to external uncertainty and exchange rate volatility, while institutional investors net-sold approximately 67 billion won, mainly focused on financial investments and investment trusts. The simultaneous selling by foreigners and institutions, primarily on large-cap stocks, significantly limited the index's rebound potential.\n\nThe weakness of large-cap IT and semiconductor sectors negatively impacted the index's trend. Specific stock fluctuations for major top-tier stocks include Samsung Electronics trading near 282,000 won (-0.35%) and SK hynix at 1,817,000 won (-2.42%). Meanwhile, LG Energy Solution and secondary battery stocks experienced a decline of 0.5% to 1.2% due to concerns over the global electric vehicle demand recovery. Hyundai Motor and Kia showed limited fluctuations within a weak flat range, with earnings defense and shareholder return momentum offsetting the high exchange rate impact.\n\nThe won/dollar exchange rate began trading at 1,359.0 won, an increase of 0.6 won from the previous day, fluctuating between 1,358.5 won and 1,359.5 won by 9:50 a.m. Caution over the U.S. Federal Reserve's interest rate path and U.S. Treasury yields supported the strong dollar, but the domestic stock market's net selling trend acted as upward pressure on the exchange rate. Experts forecast that the won/dollar exchange rate trend around 1,360 won and the shift in foreign supply and demand would be key variables determining the index's direction in the late session.",
  "summary": "On the morning of Monday, Sept. 28, when the market opened after the Chuseok holiday, the domestic financial market began the week with a trend dominated by downward pressure, driven by a combination of caution over global monetary policy and volatility in the foreign exchange market.The KOSPI index",
  "key_points": [
    "KOSPI index opens at 7057.86, down 0.33% from previous close",
    "Semiconductor stocks target by selling pressure, KOSDAQ up 1%",
    "Foreign selling and institutional investments limit KOSPI rebound"
  ],
  "editors_take": "The decline of top semiconductor stocks, driven by foreign and institutional selling, signals a challenging day for the KOSPI index as external uncertainty and exchange rate volatility weigh on investor sentiment.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}