[마켓뷰] Kospi, who kept the 3000 line, cried at Powell and laughed at Li Keqiang

Input 2021.03.05 16:33 | Revision 2021.03.05 16:40

Pension Fund, net selling of 159.4 billion won…’selling’ for 46 days in a row

On the 5th, the intraday KOSPI index fell below the 3000 line, but it ended at the 3020 line by reducing the fall and recovering. The day before, Jerome Powell, chairman of the Federal Reserve System (Fed), said he was paying attention to the increase in government bond yields, raising investors’ anxiety, but Chinese Prime Minister Li Keqiang Jang-jung revived investor sentiment with an optimistic economic outlook.

On this day, the KOSPI index closed at 3026.26, down 0.57% (17.23 points) from the previous day. On this day, the KOSPI index started at 3036.16, down 7.33 points (0.24%) from the previous day. The index fell below the 3000 line, hitting 2999.62 at 9:09 a.m. The index, which had gone up and down the 3000 line at the beginning of the market, increased from 10 a.m. to the intraday low of 2982.45. However, in the afternoon, the decline was reduced and the transaction was closed at the 3020 line.

The decline in the index on this day was influenced by the surge in the US Treasury bond rate due to the remarks of the Fed Chairman Powell. The day before, Powell said at a video conference hosted by the Wall Street Journal (WSJ) that the rise in US Treasury yields was “noticeable”. “There is inflationary pressure, but temporary. We will be patient.” While Powell’s concerns over rising interest rates and inflation were not concealed, investors worried about the Fed’s rate hike measures increased. After this remark became known, the intraday US 10-year Treasury bond yield exceeded 1.5%.

However, on the 5th, Chinese Prime Minister Jangjung Li Keqiang said in a government affairs report at the National People’s Congress that “(China) will achieve a growth rate of 6% or more in gross domestic product (GDP) this year.” China did not propose an unusual growth rate target last year due to uncertainties caused by the corona spread.

Lee Kyung-min, a researcher at Daishin Securities, said, “Prime Minister Li Keqiang mentioned that he would maintain the necessary support and liquidity at a sufficient level.” I did,” he explained.

By investor, individuals net bought 1.188.9 billion won, while foreigners net sold 3702 billion won and institutions 804.9 billion won. The pension fund has been selling for 46 days in a row with a net sale of 159.4 billion won.

Most of the top stocks by market capitalization fell. Semiconductor master Samsung Electronics (005930)Is 0.36%, SK hynix (000660)Fell 1.41%. Technology owner NAVER(035420)Wow Kakao (035720)Fell 3.58% and 2.28%, respectively, due to rising interest rates.

Even in a bear market LG Chem (051910)Rose 4.51%. This is thanks to the agreement between Hyundai Motor Company and LG Energy Solutions on a recall cost in relation to the Hyundai Kona electric car fire.

On this day, the KOSDAQ index recorded 923.48, down 0.29% (2.72 points) from the previous day. Like the securities market, individuals net bought 1321 billion won, but foreigners and institutions net sold 111.7 billion won and 24.3 billion won respectively.