[개장시황] KOSPI, US Treasury yield rise, weaker than 1%

The KOSPI has been experiencing a decline since its opening. As the New York Stock Market shakes due to the surge in US Treasury yields, the aftermath is interpreted as crazy.

On the 19th, KOSPI is recording 3031.02, down 34.99 points (1.14%) from the previous trading day as of 9:11 am. At the beginning of the market, about 40 points fell. The KOSPI index started at 3063.01, down 3 points (0.10%) from the previous trading day.

Individuals net bought 283.3 billion won, and foreigners and institutions net sold 86.2 billion won and 1880 billion won.

All of the top KOSPI stocks are falling. Samsung Electronics, NAVER, and Hyundai Motors are showing a decline of around 1%. SK Hynix, LG Chem, Samsung SDI, Kakao, and Celltrion are showing a 2% decline.

Last night, the New York Stock Exchange showed weakness with the 10-year Treasury bond yield exceeding 1.7%.

On the 18th (local time) on the New York Stock Exchange (NYSE), the Dow Jones 30 Industrial Average ended at 32,862.30, down 153.07 points (0.46%) from the previous day. The day before, it crossed the 33,000 line for the first time in history, but came down again.

The Standard & Poor’s (S&P) 500 index fell 58.66 points (1.48%) to 3915.46, while the technology stock-oriented Nasdaq index plunged 409.03 points (3.02%) to 13,116.17.

Seo Sang-young, a researcher at Kiwoom Securities, said, “It is a burden that international oil prices have plunged by more than 7% due to the rising US-Russia friction, the expansion of French economic blockade, the strong dollar, and the issue of inventory growth.” Considering the high-level talks between the US and China, the correction is expected to continue after a decline.

At the same time, KOSDAQ is recording 939.79, down 9.66 points (1.02%) compared to the previous trading day. KOSDAQ started at 946.61, down 0.34% from the previous trading day.

Individuals and institutions net sold 9.8 billion won and 9.9 billion won. Foreigners net bought 21.7 billion won.

All of the top KOSDAQ stocks are also falling. Celltrion Healthcare, Celltrion Pharmaceuticals, Pearl Abyss, and SK Materials are showing a 2% decline, while Seegene is showing a 3% decline. Alteogen, Ecopro BM, and Studio Dragon are weak in the 1% range.