KOSPI retreats to 2,450 mark on foreign selling...KOSDAQ also falls

[Anchor]
As foreign selling deepened, the KOSPI fell for the second straight day, retreating to the 2,450 level.

The KOSDAQ index, which started higher, also fell for the first time in six days due to foreign selling.

Reporter Ryu Hwan-hong reports.

[Reporter]
The KOSPI and KOSDAQ indexes fell together as foreign selling intensified.

The KOSPI, which was on the verge of entering the 2,500-point level, retreated to the 2,450-point level for the second straight day.

In the stock market, the KOSPI closed down 1.29 percent at 2,456.81.

Individuals bought a net 460 billion won and institutions bought a net 150 billion won, but foreigners sold a net 710 billion won, the most this month.

SK hynix rose 2.6 percent, but most of the top market cap stocks, including Samsung Electronics, fell.

On the KOSDAQ market, the index opened 0.14 percent higher, but turned lower during the day to close 0.58 percent lower at 694.47.

Individuals bought a net 150 billion won, but foreigners sold a net 120 billion won and institutions sold a net 9.3 billion won.

The market analyzed that vigilance is rising ahead of the policy rate decision by the U.S. FOMC and the Federal Open Market Committee, which will be announced early on the 19th.

[Park Seok-hyun / Woori Bank researcher: Even if the market decides to cut interest rates, it is expected to reduce next year's rate cut than previously expected, so this part was a bit of a burden to the Asian stock market as a whole.]

The won-dollar exchange rate also rose due to the vigilance ahead of the U.S. FOMC decision.

Starting from the early 1,430 won range, the won-dollar exchange rate once rose to 1,439 won, approaching 1,440 won.It exceeded 1,440 won at the time of

'emergency martial shock' Tensions in the foreign exchange market are rising as the won-dollar exchange rate, which fell to the 1,420 won level, is rising again.

I'm YTN's Ryu Hwan Hong.