[마켓뷰] Kospi, below the 3100 line… Impact of US and Chinese stock markets

Input 2021.02.18 16:32

Net selling of 1.4 trillion won for foreigners and institutions

The KOSPI index fell below the 3100 line. China’s stock market declined on the first trading day after the Lunar New Year holiday amid continued concerns about rising US Treasury yields. Individual investors net bought over 1 trillion won, but the index was pulled down as foreign and institutional sales poured out at the same time.

▲ On the 15th, on the fourth day of the Chinese New Year holiday, children are holding large candy models on Wangfujing Street in Beijing, China. /AP·Yonhap News
According to the Korea Exchange on the 18th, the KOSPI index in the securities market closed at 3086.66, down 47.07 points (1.50%) from the previous day. This is the first time since the 9th (3084.67) that the KOSPI index has fallen below 3100 based on the closing price. The index, which started falling at 3131.74 on that day, repeated fluctuations during the intraday, and started to fall below 3100 around 12:50 pm.

Major index moves were mixed in the US New York stock market last night. The previous day on the New York Stock Exchange (NYSE), the Dow Jones 30 Industrial Average rose 0.29%, while the Standard & Poor’s (S&P) 500 index and the technology stock-oriented Nasdaq index fell 0.03% and 0.58%, respectively.

Seo Sang-young Kiwoom Securities (039490)The researcher said, “As concerns over the long-term interest rate rise last night, the Nasdaq closed down.” As there is, it is necessary to pay attention to the interest rate trend in the future.”

In the Chinese stock market, the Shanghai Composite Index recorded 3675.43, up 20.34 points (0.56%) from the previous trading day. The index, which started rising to the 2% level due to anticipation of an economic recovery, has returned most of the gains as the Shenzhen index, centered on technology stocks, fell.

Seol-Hwa Choi, a researcher at Korea Investment & Securities Co., said, “The interest rate on the 7-day redemption contingent bond transaction (repo) in China has skyrocketed.” It is a measure according to the situation, and the resulting spike in interest rates will be temporary.

In the securities market, individual investors net bought 1.471.3 billion won, while foreigners and institutions net sold 859.9 billion won and 6133 billion won respectively. Foreigners made net sales for two consecutive days until this day, and institutions continued to sell net for the 5th trading day from the 10th.

All of the top 10 stocks by market capitalization ended lower. double Hyundai Motor (005380)Wow SK hynix (000660)Fell 3.29% and 3.08%, respectively, showing the biggest drop. Celltrion (068270), Samsung SDI (006400), Kakao (035720)Back followed.

Meanwhile, the KOSDAQ index fell 12.35 points (1.26%) to 967.42. The index, which started higher at 980.25 that day, increased the drop during the intraday. While individuals net bought 208.6 billion won, foreigners and institutions net sold 118.2 billion won and 70.6 billion won, respectively.

Among the top 10 stocks by KOSDAQ market cap Seegene (096530)and Pearl Abyss (263750)Ended up 5.88% and 0.41% respectively. Besides HLB (028300), Celltrion Healthcare (091990), Celltrion Pharmaceutical (068760)The remaining eight stocks, including those, all fell.