​[마감시황] KOSPI fell 0.57% in the aftermath of US-China conflict and People’s Bank liquidity recovery… 3120 cars fall

The KOSPI fell to the 3120 line as the US-China conflict reenacted and China’s liquidity recovery ended.

According to the Korea Exchange on the 27th, the KOSPI closed at 3122.56, down 17.75 points (0.57%) from the previous trading day. The KOSPI started trading at 3143.46, an increase of 3.15 points (0.10%) from the previous day, repeating fluctuations during the intraday, and closing the deal in a downward trend.

Seo Sang-young, a researcher at Kiwoom Securities, said, “At the beginning of the market, there was a weakness due to foreign sales openings, but expectations for an economic recovery, such as an increase in the global economic growth rate of the International Monetary Fund (IMF), rose, leading to the possibility of export growth. As the gains narrowed with the withdrawal, the Korean stock market turned downward again,” he explained.

Researcher Seo said, “In particular, the news that the US Biden administration will aggressively respond to China’s unfair trade practices, and when the People’s Bank of China recovers liquidity for two days in a row, China’s market rate soared 0.24 percentage points. “It is estimated that the US-China conflict and the tightening issue in China have been raised continuously, but it can be seen that it has strengthened the desire for arbitrage following the rise.”

By KOSPI investor, foreigners and institutions showed net selling. The agency showed a buying trend at the beginning of the market, but turned to net selling and sold 3974 billion won. Foreigners also net sold 6298 billion won that day, which affected the KOSPI decline. On the other hand, individuals net bought 1.67 trillion won.

By industry, pharmaceuticals rose 2.48%. In addition, securities (0.85%), non-metallic minerals (0.83%), service industries (0.64%), and machinery (0.17%) also ended on an uptrend. On the other hand, medical precision fell 2.19%, and construction (-2.00%), transportation equipment (-1.83%), chemicals (-1.44%), and insurance (-1.37%) also fell.

Among the top 10 stocks by market capitalization, Samsung Biologics ended up 5.86%. Celltrion (2.02%), Kakao (0.87%), and Kia Motors (0.33%) also recorded an uptrend. On the other hand, LG Chem fell 2.83%. Samsung Electronics (-1.27%), SK Hynix (-0.39%), NAVER (-0.15%), Samsung SDI (-0.13%), and Hyundai Motors (-2.39%) also closed down.

The KOSDAQ index closed at 985.92, down 8.08 points (0.81%) from the previous trading day. The KOSDAQ index started trading at 996.42, up 2.42 points (0.24%) from the previous day, but turned downward and closed lower.

By investor, individuals netted 367 billion won, foreigners sold 151.3 billion won, and institutions net sold 1915 billion won.

Of the top 10 stocks in the market cap, Pearl Abyss ended the deal with a surge of 11.59%. Celltrion Healthcare (0.13%), Celltrion Pharmaceutical (3.03%), and Ecopro BM (2.02%) also recorded an uptrend. On the other hand, Seegen closed down 2.85%, and HLB (-0.44%), Alteogen (-2.13%), CJ ENM (-0.42%), Kakao Games (-0.10%), SK Materials (-2.64%), etc. It showed a downtrend.