[0814마감체크] The stock market laughs at Chinese tourists and cries at Chinese real estate defaults
Data = Info stock
KOSPI index
On the 14th, it closed at 2,570.87 points, down 0.79% due to concerns over default by Chinese real estate companies, concerns over US inflation, and foreign/institutional net selling.
Last weekend, the New York stock market showed a mixed trend amid a rebound in the producer price index (PPI), and stock markets in major European countries ended lower. On this day, the KOSPI index started weakly at 2,586.51 (-4.75P, -0.18%). The index, which successfully rebounded in the early market, formed an intraday peak at 2,592.91 (+1.65P, +0.06%) and then turned downward within the intraday, and the index that gradually increased its decline was pushed back to 2,561.88 (-29.38P, -1.13%) in the afternoon. formed a low point. The index, which made up for some of the declines in the second half of the market, eventually closed at 2,570.87 (-20.39P, -0.79%).
Amidst dampened investor sentiment due to renewed concerns over US inflation and Chinese real estate default, the KOSPI index fell for three consecutive days as foreigners and institutions sold net together. Foreigners recorded net sales for three consecutive days, and institutions recorded net sales for 9 consecutive trading days. Foreigners also continued to net sell more than 2,000 contracts in the futures market.
Following Hengda Group, which was China’s largest private real estate developer, concerns over a ‘Domino default (default)’ are growing for Biguiyuan and Wanda, which are large conglomerates. Biguiyuan, China’s top-three company by revenue, failed to repay $22.5 million in interest on two bonds with a face value of $1 billion that matured on the 7th. Known. According to Bloomberg News, more than 10 bonds of Biguiyuan were suspended from trading on this day, and shares of Biguiyuan listed on the Hong Kong Stock Exchange plunged more than 10% on the same day following a 31.4% drop last week. It is interpreted that major stock markets in Asia, such as the Hong Kong stock market plummeted amid the news, also acted as a burden on the domestic stock market.
Inflation concerns are emerging again as the US July data released last weekend exceeded expectations. According to the US Department of Labor, the producer price index in July rose 0.3% month-on-month and 0.8% year-on-year, exceeding market expectations (0.2% and 0.7%). With international oil prices recently hitting a year-over-year high, concerns are growing that inflation in August will not slow down as quickly as expected. The producer price index, which has been on a downward trend since June of last year, rebounded again, resurfacing concerns over inflation. As a result, the US government bond yield rose and major technology stocks showed a sluggish appearance, and the domestic stock market also showed a downward trend in major technology stocks such as semiconductors, secondary batteries, and the Internet. Meanwhile, consumers’ one-year inflation expectations announced by the University of Michigan fell to 3.3% from 3.4% the previous month, and the five-year inflation expectations also fell slightly to 2.9% from the previous month’s 3.0%.
However, some food and beverage-related stocks, such as Samyang Foods (+29.98%) and Binggrae (+12.45%), showed strength amid brisk earnings, while Chinese consumer stocks such as Lotte Tourism Development (+15.10%) and Korea Cosmetics (+12.05%) As expectations for a return continue to rise, the index decline appears to be limited. In addition, superconductor-related stocks such as Deokseong (+29.97%), Seowon (+29.73%), and Daechang (+19.81%) recorded a surge again amid the remarks made by Kim In-gi, CEO of Bonasapiens, that the LK-99 superconductor and ferromagnetic material were simultaneously established.
The exchange rate on this day recorded 1,330.9 won, up 6.0 won from the previous trading day.
By supply and demand, foreigners and institutions net sold 119.4 billion and 333.1 billion, respectively, and individuals net bought 427.4 billion. In the futures market, foreigners net sold 2,433 contracts, while institutions and individuals net bought 3,048 contracts and 413 contracts, respectively.
The 3-year Treasury bond yield rose 4.9bp from the previous trading day to 3.747%, and the 10-year Treasury bond yield rose 6.5bp from the previous trading day to 3.889%.
3-year KTB futures closed at 103.42, down 18 ticks from the previous trading day, and foreigners net sold 7,836 contracts, and financial investment, banks, and investment trusts net bought 4,888 contracts, 1,730 contracts, and 1,041 contracts. 10-year government bond futures closed at 108.93, down 66 ticks from the previous trading day. Financial investment net sold 2,163 contracts, foreigners, banks, and investment trust net bought 904 contracts, 426 contracts, and 408 contracts.
Most of the top-ranked stocks fell. LG Chem (KS:)(-4.02%), Samsung SDI (-3.63%), SK Innovation (-3.31%), LG Electronics (-2.22%), Kia (-1.99%), Kakao (KS:)(- 1.74%), Celltrion (KS:)(-1.60%), POSCO Future M (-1.48%), LG Energy Solutions (-0.91%), Hyundai Motor Company (KS:)(-0.89%), Samsung BioLogics (KS:) )(-0.87%), NAVER (-0.45%), Samsung C&T (-0.38%), SK Hynix (KS:)(-0.35%), and Samsung Electronics (KS:)(-0.30%) fell, while Shinhan Financial Group (+0.43%) and others rose, while POSCO Holdings, Hyundai Mobis, and KB Financial Group (KS:) recorded a flat trend.
By sector, most sectors also saw declines. Medical precision (-2.28%), machinery (-2.16%), transportation equipment (-2.07%), chemical (-2.07%), electricity and gas industry (-1.92%), transportation warehouse (-1.64%), construction (-1.09%) %), pharmaceuticals (-1.07%), manufacturing (-1.02%), electricity and electronics (-0.80%), paper and lumber (-0.71%), securities (-0.64%), steel and metal (-0.54%), insurance ( -0.48%) While industries fell, only some industries such as textile and clothing (+4.34%), food and beverage (+3.60%), distribution (+1.80%), and telecommunications (+0.64%) ended up.
KOSDAQ Index
On this day, the KOSDAQ index started down to 907.43 (-4.77P, -0.52%). The index, which made an intraday high at 908.13 (-4.07P, -0.45%) in the early market, expanded its decline, and after forming an intraday low at 894.08 (-18.12P, -1.99%) in the second half of the morning, some of the losses were recovered. The index closed at 901.68 (-10.52P, -1.15%).
The KOSDAQ index fell for the first time in 4 trading days as investor sentiment weakened due to renewed concerns over US inflation and continued concerns about defaults by Chinese real estate companies. Foreigners and institutions led the index decline by net selling together for three consecutive trading days. In particular, semiconductor, rechargeable battery, pharmaceutical/biotech, entertainment, and game-related stocks, which have a heavy valuation burden amid rising US Treasury yields, were noticeably weaker. On the other hand, superconductor-related stocks such as Seonam, Power Logics, Mobis, and Wonik P&E recorded a sharp rise again.
By supply and demand, foreigners and institutions net sold 133.2 billion and 34.1 billion, respectively, and individuals net bought 192 billion.
Among the top market cap stocks, the decline stocks were dominant. Celltrion Pharm (-9.23%), JYP Ent. (-8.25%), Ecopro (-3.87%), Lunit (-3.85%), Pearl Abyss (-2.59%), Alteogen (KQ:) (-2.53%) ), Celltrion Healthcare (KQ:)(-2.49%), L&F (-2.47%), Ecopro BM (KQ:)(-1.70%), HLB (KQ:)(-1.29%), Kakao Games (KQ:)(-1.29%) )(-0.83%), HPSP (-0.78%), and Soulbrain (-0.20%) fell, while Classis (+3.41%), Reno Industrial (+3.16%), WCP (+1.89%), Posco DX (+1.70%), Rainbow Robotics (+1.46%), and SM (+0.15%) closed higher.
2023-08-14 21:56:45
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