An employee laughs in front of the market board at Hana Bank’s dealing room in Jung-gu, Seoul on the 25th. On this day, the KOSPI surged around 3% and recovered the 3000 line in one day. [사진 = 연합뉴스] The KOSPI surged again in a day and recovered to the 3000 line. The KOSDAQ, which was threatened with the 900th position, also rose with the KOSPI. According to the Korea Exchange on the 25th, on this day, KOSPI finished trading at 3099.69, up 3.5% (104.71 points) compared to the previous day. The 3,000 ships were recaptured in one day thanks to the buying force of foreigners and institutions. On the other hand, individuals sold more than 1.9 trillion won in net sales in the securities market and made profit-taking sales. The KOSDAQ also closed the market at 936.21, up 3.3%. In the KOSDAQ market, foreigners and institutions net bought over 120 billion won and 80 billion won, respectively. Individuals net sold over 180 billion won in the KOSDAQ market.
Individuals who have supported the stock market so far recorded the highest net selling ever on this day, but foreigners and institutions doubled up net buying, especially in the electric and electronic industries, raising the index.
On this day, the top stocks in market capitalization rose at the same time. Among the top 100 stocks, only one of the declining stocks was a bull market.
In particular, the rise of semiconductor stocks was outstanding. Samsung Electronics, which had been sideways for a while, rose 4.02% to a closing price of 85,300 won. SK Hynix ended up sharply 9.19%. Lee Kyung-min, a researcher at Daishin Securities, said, “The US Joe Biden administration will sign an executive order to strengthen the supply chain for semiconductors, rechargeable batteries, and rare earths as early as the end of this month.” It worked positively,” he explained.
Internet platform stocks such as Naver (2.41%) and Kakao (2.32%) and secondary battery stocks such as LG Chem (3.49%) and Samsung SDI (2.47%) also rose. In the KOSDAQ market, the top-ranking stocks in the market cap rose and ended, focusing on bio stocks such as Celltrion Healthcare (7.84%) and Celltrion Pharmaceuticals (10.01%).
The day before, Jerome Powell, chairman of the Federal Reserve System (Fed), made a remark to calm the market, an analysis that the Korean stock market soared. Powell said it would take three years to reach the Fed’s inflation target in attendance at the House Financial Services Commission. It dismissed inflation concerns. Powell explained that employment is still unstable and the recent surge in inflation is not expected to continue to rise. Lee Jae-sun, a researcher at Hana Financial Investment, said, “Chairman Powell said that until further progress was made in employment or inflation targets, the easing stance would continue, and as the Democratic Party was expected to pass the stimulus policy as a top priority, it worked positively on the market.” “The fact that the KOSPI plunge has progressed so quickly is also a factor that has caused the mechanical buying trend of foreigners and institutions,” he said.
In this regard, stock market volatility has been increasing in recent years.
The KOSPI surged more than 100 points a day after the collapse of the 3000 line, and it is about to recover from the 3100 line.
According to the Korea Exchange, the 23rd (62.1%) of the 37 trading days this year showed a change of over 2%.
Less than 2% is only 14 days. On more than 3 trading days out of 5 trading days, the fluctuations exceeded 2%. In the securities industry, if the index fluctuation exceeds 2%, the volatility is large.
An analysis suggests that the reason why a day is far away and the market is short of breath is due to the gap between the real economy and the index. In particular, the fact that pension funds are selling day after day is an analysis that increases the volatility.
Meanwhile, as market volatility increases, some advise to focus on stocks that have a low valuation burden. Researcher Lee said, “It is worth paying attention as an industry that has a low valuation burden within the business cycle industry that is in line with the economic recovery.” If expectations for economic revitalization are in place, we can pay attention to domestic orders where profits improve and sales are secured.”
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