Kospi has risen above the 3000 line again. It’s been 4 days. This is due to the release of investment sentiment, which was weakened by expectations for economic normalization.
On the 11th, the KOSPI closed higher after six trading days. On this day, KOSPI finished trading at 3013.70, up 55.58 points (1.88%) from the previous trading day. The photo shows a dealing room at Hana Bank’s headquarters in Jung-gu, Seoul. yunhap news
Won’s value rises in 6 days
On the 11th, KOSPI finished the market at 3013.7, up 1.88% (55.58 points) from the previous day. It is a rebound after six trading days. The top stocks of the KOSPI market capitalization were’red light’ (meaning an increase). Samsung Electronics rose 1.36%, while secondary battery-related stocks LG Chem (5.39%) and Samsung SDI (8.02%) showed a sharp rise.
It was foreigners who raised the index. Foreigners bought 1.7 trillion won worth of stocks. Since July 8, 2011 (1.72 trillion won), it is the second largest net purchase ever. Individual investors and institutions net sold about 1.1 trillion won and 590 billion won, respectively. The pension fund (-300 billion won) showed a’sold out’ procession for 50 consecutive days. After showing a net buying trend throughout the week, the market turned to a sell-off trend due to the expiration date of futures and options.
The KOSDAQ index also recovered its 900 line in three days. It ended at 908.01, up 17.94 points (2.02%) from the previous day.
The won’s value rose after six trading days. On this day, in the Seoul foreign exchange market, the value of the won was 6.8 won higher than the previous day (the exchange rate fell), and the transaction ended at 1135.9 won per dollar.
The warmth came from the United States. It is news that the US House of Representatives passed an additional $1.9 trillion in stimulus measures on the 9th (local time). As a result, expectations for economic normalization increased, and the 10-year U.S. Treasury bond yield fell to the low 1.5% level, showing a stable trend. On this day, Dow Jones (1.46%) and Standard & Poor’s (S&P) 500 index (0.60%) rose.
Asian stock markets also laughed. China’s Shanghai Index and Japan’s Nikkei also rose 2.36% and 0.6%, respectively. Seo Sang-young, director of investment strategy at Kiwoom Securities, said, “The passing of the US stimulus has spread the expectation of normalization of the economy, and the weak dollar, rising international oil prices, and falling government bond yields have had a positive effect on the supply and demand of foreigners.”
Reporter Hwang Eui-young [email protected]
