The US New York Stock Exchange and Bitcoin are fluctuating day after day. President Trump rejected stimulus measures amid reports that the coronavirus outbreak in the UK has spread to the US, Apple’s advance into electric vehicles, incorporation into the Tesla S&P index, and LG Electronics’ entry into the electronics business in the US New York Stock Exchange, the Dow and Nasdaq Indexes Also, it is becoming a variable in the exchange rate of KOSPI and KOSDAQ. International oil prices are falling sharply due to the coronavirus strain.
According to the New York Stock Exchange and the Chicago Futures Exchange on the 24th (local time), the stock price index futures price linked to the Dow and Nasdaq indices is showing a slight increase.
Dow and Nasdaq index linked stock index futures real-time price
NAME TIME (EST) FUTURE DATE LAST NET CHANGE OPEN HIGH LOW
Dow Jones mini 6:00 AM Mar 2021 29,998.00 +86.00 29,903.00 30,021.00 29,735.00
S&P 500 mini 6:01 AM Mar 2021 3,689.50 +12.25 3,674.25 3,690.75 3,651.00
NASDAQ 100 mini 6:00 AM Mar 2021 12,731.75 +21.75 12,704.75 12,738.75 12,630.00
The Asian stock market rose on the 23rd. Asian markets were not affected much, even though US President Donald Trump ordered a revision of the $900 billion stimulus package passed through Congress and virtually rejected it. U.S. President Trump requested amendment to the stimulus package, arguing that the cash aid from the stimulus plan through Witter would be increased to $2,000 per person instead of $600. In Japan’s Tokyo Stock Exchange, the Nikkei Index rose 88.40 points (0.33%) to 26,524.79, and the Topics Index rose 4.09 points (0.23%) to 1765.21. Shortly thereafter, US stock index futures once plunged in Asian stock markets. Afterwards, when US House Speaker Nancy Palosi’s remarks that he could accept President Trump’s proposal came out, the market was shocked and turned upward.
In the Chinese stock market, the Shanghai Composite Index rose 25.54 points (0.76%) to 3,382.32. The Shenzhen Composite Index ended at 2,281.24, up 16.76 points (0.74%). The State Council of China announced that it would extend the expiration of the Corona 19 support plan, which was introduced in June after the meeting held by Prime Minister Li Keqiang. The People’s Bank provides direct funding to enterprises, such as providing up to 40 billion yuan for local banks to extend the maturity of small business loans, or by offering a 400 billion yuan reloan quota to buy unsecured small business loans through qualified regional banks. I have helped me to do it. It is to extend this further. The National Market Supervisory Authority warned that it would convene a total of six locations: Alibaba, Tencent, Jingdong, Meituo, Pindudo, and Didi to strictly oversee the online group purchasing model. The Hong Kong stock market rose amid a surge in Xiaomi’s share price. The Hang Seng Index rose 223.85 points (0.86%) to close at 26,343.10. H-week ended at 10,482.52, up 98.34 points (0.95%).
Virtual currency prices are generally falling, while virtual currency prices above the market cap are on the rise. According to the cryptocurrency exchange Bithumb, Bitcoin, Ethereum and Litecoin are rising at this time. Bitcoin Cash 1.77%, Chainlink 2.70%, Ada 0.77%, Polkadot 3.98%, Bitcoin SV 1.41%, Neem 8.03%, Tron 1.31%, Tezos 0.13%, etc. are also on the rise. Ripple is falling.
US President Donald Trump requested amendment to the new coronavirus infection (Corona 19) economic stimulus law that passed Congress. The problem was that there were many items not related to Corona 19 in the law. This stimulus plan also included items regularly included in government budget drafts, such as foreign aid, and plans to support cultural facilities such as the Kennedy Center in Washington and the Smithsonian Museum. Trump criticized the president as unnecessary and wasteful. President Trump said, “Even though the name is the Corona 19 Economic Stimulation Act, it has almost nothing to do with Corona 19.” Meanwhile, he insisted that the subsidies paid per individual should be increased by more than three times. The Democratic Party, which initially pursued a larger stimulus plan than the proposed plan, responded to President Trump’s move.
KOSPI closed the deal at 2,759.82, up 26.14 points (0.96%). Another LG Electronics[066570]The news that (29.61%) will establish a joint venture with Magna International, the world’s third-largest auto parts maker, led the group. LG Electronics·LG Innotek[011070](12.80%) LG Display[034220](6.41%) The electric and electronic sectors, which included such as, rose. Samsung C&T[028260] LG Household & Health Care[051900](0.31%) also rose. SK hynix[000660](3.11%), Samsung Electronics[005930](2.21%), LG Chem[051910](1.13%), Hyundai Motor Company[005380](0.54%), cacao[035720](0.40%) are also strong. Celltrion[068270](-1.11%), Samsung Biologics[207940](-0.87%), Samsung SDI[006400](-0.18%) and others fell. Naver[035420](0.00%) is the combined deadline.
The KOSDAQ fell 5.56 points (0.60%) to 923.17, falling for two days in a row. Alteogen[196170](-5.53%), Seegene[096530](-4.11%), Celltrion Healthcare[091990](-1.73%), HLB[028300](-1.21%), Kakao Games[293490](-0.33%), Ecopro BM[247540](-0.06%) and so on. SK Materials[036490](8.53%), Pearl Abyss[263750](3.60%), KM Double U[032500](3.22%), Celltrion Pharmaceutical[068760](0.51%) and so on. In the Seoul foreign exchange market, the won/dollar exchange rate ended at 1,107.9 won, up 0.5 won per dollar from the previous day.
The Centers for Disease Control and Prevention (CDC) said that the COVID-19 strain found in the UK has not been identified in the US, but has already arrived in the US and may not have been discovered yet. CDC said, “Considering that only a small number of infected people in the United States have gone through the analysis process, the strain has not been found, but may already be in the United States,” said the CDC. “The strain is widespread among infected people in the UK, and travels between the United Kingdom and the United States. Considering this, the possibility of inflow increases.” Anthony Pouch, director of the National Institute for Allergies and Infectious Diseases (NIAID), appeared on ABC broadcast and said that it is certain that the Corona 19 variant already exists in the United States. “If there is such a spread in the United Kingdom, it is necessary to assume that it is already here. I wouldn’t be surprised if I did.” Many countries, including Europe, have already banned entry for flights departing from the UK. New York State, the gateway to the U.S. from Europe, has recently entered into travel restrictions, requiring pre-screening for COVID-19 passengers on aircraft from the UK.
At least four global pharmaceutical companies, including Pfizer and AstraZeneca, expected their new coronavirus infection (Corona 19) vaccine to be effective in the prevention of the corona strain discovered this time. Ugur Sahin (CEO) of Bioentech, Germany, who co-developed the vaccine with Pfizer of the United States, said that the company’s vaccine using’messenger ribonucleic acid’ (mRNA, messenger RNA) could deal with the variant corona, and made an accurate diagnosis. It said that research and information collection will be conducted for two weeks. The British pharmaceutical company AstraZeneca said, “AZD1222 contains the genetic material of the protein spike that stands out on the coronavirus (SARS-CoV-2). The change in the genetic code found in this variant did not change the structure of the protein spike. I can see it.” US Modena and German Curebag also said they believe they will be effective against the strain coronavirus that has spread in the UK.
Meanwhile, the U.S. securities authorities filed a lawsuit against Ripple Labs, who led the launch of Ripple (XRP), one of the world’s three largest cryptocurrencies along with Bitcoin and Ethereum, and the founder of the company for violating investor protection regulations. The Securities and Exchange Commission (SEC) filed a complaint in Manhattan Federal Court that Ripple Labs, Chief Executive Officer Brad Gallinghouse and co-founder Chris Larson should return the profits from the Ripple sale along with a fine. The SEC argued that cryptocurrency Ripple is an illegal securities that did not properly go through the public offering procedure by law, and claimed that the defendants had been selling $1.38 billion worth of Ripple. The key issue in this lawsuit is whether or not Ripple, a cryptocurrency, will be judged as securities.
As the trend of vehicle electrification is rapidly progressing in the global market, LG Electronics has established a mass-production system that can enjoy economies of scale early, and to increase business competitiveness and growth potential, the joint venture’LG Magnai’ with Magna. It officially announced that they agreed to establish’LG Magna e-Powertrain Co., Ltd’ (tentative name). Founded in 1957, Magna is leading the global auto parts market by producing various auto parts, such as chassis, interior and exterior, in addition to powertrains, and supplying them to automakers. Its headquarters are in Ontario, Canada. Magna is also known to have discussed Apple car production with Apple in the past.
Daeho Kim, Director of Global Economic Research Institute [email protected]
[알림] This article is for reference only in investment decisions, and there is no responsibility for investment losses based on this.