[마켓뷰] Kospi, below the 3010 line… Influence of escalating conflict between the US and China

Input 2021.03.23 17:12

Investor sentiment in China, etc. in the US-China workshops shrink
Foreigners and institutions net selling for 3 consecutive trading days

On the 23rd, the KOSPI index closed down. It was interpreted that investor sentiment deteriorated as the Chinese stock market fell shortly after the opening due to concerns over US-China conflict. Foreigners and institutional investors net sold stocks worth over 1 trillion won a day.

According to the Korea Exchange, the KOSPI index closed at 3004.74, down 30.72 points (1.01%) from the previous day. This is the lowest level since the last 10 days (2958.12) based on the closing price.

On this day, the KOSPI index started rising at 3038.25. However, after reversing the decline for the first time around 9:50 am, the decline increased. The decline in the KOSPI index is analyzed due to market concerns that the conflict between the US and China will emerge again.

It was evaluated that the high-level talks between the US and China, held in Anchorage, Alaska, on the 18th and 19th, ended without a joint statement, and that there was no expected outcome.

On this day, Asian stocks fell all at once and ended the market. Japan’s Nikkei 225 Index fell 178.23 points (0.61%) from the previous trading day, China’s Shanghai Composite Index fell 31.93 points (0.93%), and the Shenzhen Composite Index fell 25 points (1.13%). The decision of the United States, the European Union (EU), the United Kingdom, and Canada to impose sanctions on China’s suppression of the human rights of the Xinjiang Uighurs raised anxiety that the conflict between China and other advanced western countries such as the United States will intensify.

Han Dae-hoon, a researcher at SK Securities, analyzed that “China, which had heightened tensions with the US at the high-level talks, again caused friction with the EU and negatively affected the domestic stock market.”

On this day, foreigners and institutions net sold 4764 billion won and 5406 billion won, respectively, in the securities market, and net purchases of 1.177 trillion won by individuals alone. Both foreigners and institutions started net selling for three consecutive trading days from the 19th. During the same period, individuals bought over 3.2 trillion won worth of stocks.

By stock, among the top 10 stocks by market capitalization Celltrion (068270)Except for, all other stocks fell. LG Chem (051910)This was the biggest drop, down 3.73%. Samsung SDI (006400)Wow NAVER(035420)Fell 2.80% and 2.65% respectively, SK hynix (000660)Wow Hyundai Motor (005380)Fell 2.17% and 1.09%, respectively.

On this day, the KOSDAQ index closed the market at 946.31, down 9.07 points (0.95%). The KOSDAQ index declined at around 10:50 am. In the KOSDAQ market, individuals alone net bought 107.6 billion won, while foreigners and institutions net sold 44.8 billion won and 33.2 billion won, respectively.

The joys of the top stocks in the KOSDAQ market cap were mixed. Seegene (096530)Silver 4.88%, Pearl Abyss (263750)Rose 0.54%, while Kakao Games and Ecopro BM fell 3.18% and 1.57%, respectively. CJENM Department Alteogen (196170)It also fell by more than 1%.