[시황종합] ‘Biden Rally’ KOSPI 3160 deadline… All-time high by closing price

The KOSPI index hit an all-time high based on the closing price in 10 trading days. On the afternoon of the 21st, the KOSPI index rose 46.29p (1.49%) from the previous day to 3160.84 on the electronic board of Hana Bank’s dealing room in Jung-gu, Seoul. The KOSDAQ index closed at 981.40, up 3.74p (0.38%) compared to the previous trading day, and the won-dollar exchange rate ended at 1098.2 won, down 2.1 won from the previous day. 2021.1.21/News1 © News1 Reporter Park Ji-hye

On the 21st, thanks to the’Biden Rally’, the KOSPI index broke a record high based on the closing price in 10 trading days. It is interpreted by the influence that the New York stock market index all ended at an all-time high last night at the opening of the US President Joe Biden’s era, and the after-hours New York Stock Exchange Index futures are also on the rise.

On this day, the KOSPI index closed at 3160.84, up 46.29p (1.49%) compared to the previous day. Since the 8th (3152.18), it has hit an all-time high based on the closing price in 10 trading days.

The KOSPI started at 3123.27, an increase of 8.72p (0.28%) on this day, and increased intraday gains in foreign net buying. Foreigners net bought 2234 billion won. Individuals and institutions net sold 69.9 billion won and 149.3 billion won, respectively.

Of the top 10 stocks by market capitalization, only LG Chem (-1`.20%) fell. Samsung Electronics (1.03%), SK Hynix (0.77%), Hyundai Motor Company (2.12%), NAVER (4.71%), Samsung Biologics (0.13%), Samsung SDI (0.13%), Celltrion (0.32%), Kakao (2.25) %), Kia Motors (4.00%) rose.

LG Electronics surged 10% for two days in a row due to the possibility of withdrawal from the smartphone division, which is a deficit business, and reports continued. LG Electronics’ likelihood also rose 28.39%, close to the upper limit.

NAVER and Kakao rose together in the U.S. stock market last night due to the strength of technology stocks FAANG (Facebook, Amazon, Apple, Netflix, Google). Kia Motors also climbed 4% in Apple car production.

By industry, transportation and warehouse (5.05%), transportation equipment (3.80%), distribution (3.38%), and telecommunications (2.37%) rose. The electricity and gas industry (-0.86%), paper and wood (-0.30%), and textiles (-0.27%) declined.

The KOSDAQ index closed at 981.40, up 3.74p (0.38%) from the previous day. Individuals net bought 362.9 billion won, and foreigners and institutions net sold 1356 billion won and 1728 billion won, respectively.

Of the top 10 stocks by market capitalization, only Celltrion Healthcare (1.49%) and Kakao Games (0.65%) rose. Celltrion Pharmaceutical (-0.11%), HLB (-1.50%), Seegen (-3.73%), Alteogen (-2.85%), Ecopro BM (-0.47%), SK Materials (-1.88%), CJ Materials ENM (-0.85%) and Pearl Abyss (-2.64%) declined.

The dollar/won exchange rate recorded 1098.2 won, down 2.1 won from the previous day.

The three indices, the Dow (0.83%), the S&P 500 (1.39%), and the Nasdaq (1.97%), all climbed on the New York Stock Exchange last night. The effect of the inauguration of US President Joe Biden and the good performance of companies such as Netflix.

Seo Sang-young, a researcher at Kiwoom Securities, said, “The Korean stock market started rising on the back of a strong US stock market. Similar to the US stock market, while online-based companies led the rise, while the financial sector was sluggish.” “After aggressive net buying, mainly mid-cap stocks, it showed solidity,” he explained.

In the after-hours futures market on this day, New York’s three major index futures are showing a 0.1-0.4% increase.

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