[마켓뷰] 1 trillion’sold’ for foreigners despite strong corporate performance…KOSPI 3069.05 deadline

Input 2021.01.28 17:08

Impact of US FOMC…Global stock market declines by 1-2%
Stock market sells KRW 1,939.6 billion by foreigners
Shares fell despite strong earnings at Samsung Electronics and Samsung SDI

On the 28th, the KOSPI index closed at 3069.05, showing a 1% decline despite the strong performance of major companies. This is the result of a net selling of over 1 trillion won by foreign investors due to the plunge in the US New York and Chinese stock markets.

On this day, the KOSPI index closed the market at 3069.05, down 53.51 points (1.71%) from the previous day. The KOSPI index declined since it started with a drop of 2.19%, but fell again around 1% in the afternoon.

Foreign investment sentiment was greatly affected. In the securities market, individuals net bought 1,939.6 billion won, but foreigners and institutions net sold 1,573.2 billion won and 382.4 billion won, respectively.

The day before, the US Federal Open Markets Commission (FOMC)’s negative economic judgment affected the plunge in global stock markets, including Korea. The FOMC estimates that economic activity and the pace of recovery in the job market have slowed in recent months. Investment sentiment deteriorated as the FOMC made negative judgments about the economy and did not mention additional monetary easing policies.

The Dow Jones 30 Industrial Average of the New York Stock Market closed at 330,000.17, down 633.87 points (2.05%) from the battlefield. The Standard & Poor’s (S&P) 500 index fell 98.85 points (2.57%) to 3750.77, while the technology-oriented NASDAQ index fell 355.47 points (2.61%) to 13,270.60.

Asian stock markets also fell all at once, affected by the plunge in the US stock market. Japan’s Nikkei 225 Index is 1.53%, China’s Shanghai Composite Index is 2.10%, and Hong Kong Hang Seng Index is 2.45%. Lee Kyung-min, a researcher at Daishin Securities, said, “Amid the slump in global economic indicators including the US, the Fed’s judgment on the economy aggravated controversy over the speed of economic recovery.”

Major companies announced surprise results, but the stock price did not rise. Samsung Electronics (005930)Announced that it recorded its fourth operating profit (9.5 trillion won) in the new coronavirus infection (Corona 19). However, the share price of Samsung Electronics ended at 83,700 won, down 2.22% from the previous day. Samsung SDI (006400)Also, for the first time, sales exceeded 11 trillion won, the highest ever, but the stock price fell 2.79%.

On this day, the KOSDAQ index recorded 961.23, down 24.69 points (2.50%) from the previous day. On the 26th, the KOSDAQ index recorded 1,000 intraday (high 1007.52), breaking through the first 1000 line since 2000, before the collapse of the IT bubble. However, it fell in the afternoon and closed lower than the previous trading day, and the index fell for three consecutive trading days until the 28th.

In the KOSDAQ market that day, individuals net bought 3658 billion won, while foreigners and institutions net sold 1946 billion won and 128.1 billion won respectively. In particular, the telecommunications, broadcasting and service sectors fell 4.10% and the semiconductor sector fell 3.65%.