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| Jerome Powell, Chairman of the Federal Reserve System (Fed), the US central bank. (Union) |
The US Federal Open Markets Committee (FOMC) meeting and the disclosure of domestic and overseas large-cap stocks are expected to be a variable in the direction of the stock market this week (25-29).
According to the securities industry on the 24th, securities companies expected the top of the KOSPI this week to be at 3260. The expected bands for KOSPI are △Hana Financial Investment 3120~3220 △Korea Investment & Securities 3100~3260 △NH Investment & Securities 3210~3220.
Last week (18-22), the KOSPI index closed at 3140.63, up 54.73 points (1.77%) from the 15th. The index, which had recently been taking a breather, rose with anticipation of additional economic stimulus packages with the official inauguration of US President Joe Biden.
This week, the Mayor’s attention is focused on the US Federal Open Market Committee (FOMC), which will be held from 26 to 27 (local time).
Dae-Joon Kim, a researcher at Korea Investment & Securities Co., said, “It is expected that there will be no special direction at the beginning of the week.” He added, “The variable that directly affected the volatility of the stock market at the beginning of the year is rising interest rates, but how the Fed will solve this problem is the key. What the market wants is tolerate inflation and calm interest rate rise, especially tapering that stimulated a sharp rise in interest rates. It is important to relieve anxiety.”
It was also suggested that the market will be more influenced by the press conference of Jerome Powell (pictured) chairman of the Federal Reserve System (FRB) rather than the FOMC results.
Experts have observed that the FOMC results will not deviate from market expectations. Han Dae-hoon, a researcher at SK Securities, predicted, “It could be a rather grim FOMC reaffirming the existing position.”
Rather, the market expects the Fed Chairman Powell to show his willingness to further easing, such as increasing the proportion of asset purchases and long-term bond purchases, at a press conference scheduled after the FOMC.
Regarding this, Hye-yoon Lim, a researcher at KTB Investment & Securities, said, “Because the current financial conditions are stable compared to last year’s March-April, it is unlikely that the Fed will begin further easing immediately. If the gap between the Fed’s position and market expectations grows, we prefer risky assets. “There is a possibility of weakening and increasing market volatility.”
Also noteworthy is the announcement of the results of the fourth quarter of last year by domestic and American companies scheduled for this week.
According to Hanwha Investment & Securities, by listed companies, △Hyundai Motor, Samsung Biologics on the 26th, LG Chem, Samsung C&T, and Kia on the 27th, △Samsung Electronics on the 28th, Naver on the 29th, SK Hynix, and LG Electronics on the 29th will announce the 4Q results of last year. .
Experts believe that US companies’ performance announcements will have a more meaningful impact on the market than domestic ones. Due to the nature of domestic companies that depend on exports, US corporate performance can be used as an index to predict domestic corporate performance.
This week, the results of major US tech companies such as Tesla, Microsoft, and Apple are scheduled to be announced.
Reporter Lee Sung-Young [email protected]
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