[김용식의 클릭 주식시황] Economically sensitive industries such as construction, steel, media, energy, and semiconductors are promising.

In the domestic stock market, the US and EU showed mixed trend due to the cooling air current with China and the recurrence of Corona 19.

In particular, amid the ongoing conflict after the high-level talks between the US and China, the EU also announced sanctions against China due to human rights violations of the Uighurs, putting a burden on the market.

Here, as the coronavirus mutant virus appeared in major European countries such as Germany and France, the containment measures were reinforced, and the number of new infected people in the United States also showed a tendency to increase again.

The KOSPI index closed at 3041.01 points, up 1.48 points (0.04%) compared to the previous week.

By supply and demand, individual investors net bought 2,2502 trillion won, while institutional and foreign investors net sold 1,109 billion won and 1,295.3 billion won, respectively.

U.S. Treasury Secretary Yellen attended the House Financial Services Commission and mentioned that tax increases are needed to realize a $3 trillion fiscal policy.The following day, the Wall Street Journal also announced that the Democratic Party would raise corporate tax rates and income tax rates for high income earners to support large infrastructure packages. It was reported that it was considering various symptoms.

Initially, the mayor was positively looking at the infrastructure bill after Minister Yellen’s remarks that the economy will increase after the economic recovery. However, this issue has shown that large-scale infrastructure bills are not only positively interpreted in the market.

China’s CSI300 Index, which is currently being adjusted, is showing a decline of more than 15% from its peak last month.

This is the aftermath of Chinese Prime Minister Li Keqiang’s announcement of an exit strategy to reduce the super economic stimulus plan that has been pursued since the Corona 19 incident in both business reports on the 17th.

Since then, in order to deal with the negative reaction from the market, the Chinese government has continued to speak to the intention of adjusting the tone of policy.

The head of the People’s Bank of China on the 21st said in a discussion at the China Development Summit that he would not step up financial austerity for the time being, and Prime Minister Li Keqiang said at a standing meeting of the State Council on the 23rd that he would extend the deferment of principal and interest repayment policies and credit loan support plans for small enterprises until the end of the year.

Nevertheless, the market’s doubts are not calming down.

There is a new bad news in the market. However, this is a factor that raises expectations for the government’s economic stimulus measures.

It seems that the expectation that the government will go into a crisis situation has increased due to concerns over the re-proliferation of Corona 19 and the reigniting of the US-China conflict.

Even if the market’s earnings expectations are reflected, economic-sensitive sectors such as construction, construction materials, steel, media, energy, and semiconductors are promising, so it is desirable to buy in installments when adjusting.