On the afternoon of the 8th, the KOSPI index showed 2996.11, down 30.15 points (1.0%) from the previous day, on the display board of Hana Bank’s dealing room in Jung-gu, Seoul. News 1
The KOSPI retreated below the 3000 line again after 7 trading days.
According to the Korea Exchange, on the 8th, KOSPI closed trading at 2996.11, down 30.15 points (1.00%) from the previous trading day. On this day, the KOSPI started at 3031.99, up 5.73 points (0.19%) from the previous trading day, climbed close to 1% at the beginning of the market, then returned the rise and increased the decline. In the securities market, foreigners and institutions sold 129.2 billion won and 3773 billion won worth of stock, respectively, and net sold for three consecutive trading days. In particular, the pension funds sold 274.1 billion won worth, and continued a net selling march for 46 trading days since December 28 last year. Only individuals alone net bought 526 billion won, but it was not enough.
KOSDAQ closed at 904.77, 18.71 points (2.03%) from the previous trading day. On the KOSDAQ, individuals net bought 205.7 billion won. Foreigners and institutions net sold 187.8 billion won and 18.1 billion won, respectively.
Seo Sang-young, a researcher at Kiwoom Securities, said, “Although it showed an increase of close to 1% during the week, the decline in the Chinese stock market expanded, increasing the decline.” said.
Lee Kyung-min, a researcher at Daishin Securities, said, “The good economic indicators and expectations for the implementation of stimulus measures led to the expectation of an accelerated economic recovery, but at the same time, it led to a burden of rising interest rates. It has expanded.”
◆10-year government bonds exceeded 2%, deadline… First in 2 years
On the same day, domestic bond yields rose at the same time due to the rise in US government bond rates.
On this day, the 10-year Treasury bond rate in the Seoul bond market ended at 2.028% per year, up 3.6bp (1bp=0.01% points) from the previous trading day.
This is the first time in two years since March 7, 2019 (2.005%) that the 10-year Treasury Bond yield has exceeded the 2% line based on the final quoted yield. On the 5th, it exceeded 2% during the week.
Short-term goods also rose steeply. The 3-year Treasury bond rate ended at 1.139% per year, up 7.3bp from the previous trading day, reaching the highest level in a year since March 23 (1.153%) last year.
The 5-year and 1-year bonds also rose 5.9bp and 0.8bp, respectively, to 1.497% per year and 0.687% per year.
It is interpreted that as the rise in bond yields steepens, it has begun to gradually affect not only long-term interest rates, but also mid- and short-term bonds under 5 years.
With the expectation that the economic recovery and inflation may be earlier than expected, and the US fiscal deficit is expected to expand, global bond yields have recently increased sharply, mainly for mid- to long-term bonds.
◆SK Bioscience Competition is 65,000 won
SK Bioscience, one of the major IPOs in the first half of this year, confirmed the offering price at 65,000 won.
SK Bioscience announced on the same day that as a result of the demand forecast for institutional investors conducted on the 4th to 5th, the public offering price was set at this price, which is the upper part of the desired range (band).
Accordingly, the public offering amount was determined to be about KRW 1.491.8 billion.
1,464 institutions participated in the demand forecasting, recording a competition rate of 1275.47:1.
The competition rate was higher than that of SK Biopharm (835.66 to 1) and Big Hit (1117.25 to 1), which were listed last year, and lower than that of Kakao Games (1478.53 to 1).
In addition, since the introduction of the demand forecasting system for the allocation of public offering stocks in 1999, the competition rate for demand forecasting in the securities market has surpassed last year’s listed Myungshin Industries (1196:1).
General investor subscriptions are received from 6 securities companies including NH Investment & Securities, Korea Investment & Securities, Mirae Asset Daewoo, SK Securities, Samsung Securities, and Hana Financial Investment on the 9th to 10th. Unlike last year, where public offering stocks were allocated according to subscription funds, the system was reorganized from this year and changed to an equal allocation method. If there is a minimum subscription margin, the same public offering stock is distributed to all general subscribers. Listing is coming on the 18th.
Reporter Beomsoo Kim [email protected]
[ⓒ 세계일보 & Segye.com, 무단전재 및 재배포 금지]