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KOSPI Reverses Lower After FOMC Meeting
The Korean Stock Market Index (KOSPI) declines following the Federal Open Market Committee (FOMC) meeting. Samsung Electronics falls 5.58%, LG Energy Solution drops 9.11%, and Samsung Electro-Mechanics is down 4.59%. Hyundai Motor and Kia also see declines. SK Hynix is the sole positive performer with a gain of 1.68%. Analysts question whether the chip rally is over after the FOMC reversal.