[사진=아주경제 DB]
◆ KOSPI retreats to the 2630 line due to US, China, and Russia risks… Net sellers for 5 consecutive trading days
The KOSPI index closed lower on concerns from the US, China and Russia. Foreigners are leaving the emerging market by net selling for five consecutive trading days up to this day, and individual investors have bought more than 900 billion won in stocks by buying at low prices.
According to the Korea Exchange on the 27th, the KOSPI index closed at 2639.06, down 29.25 points (-1.10%) from the previous trading day. Individuals net bought 907 billion won, but foreigners and institutions net sold 678.7 billion won and 240.1 billion won, respectively, driving the index down. The KOSDAQ index also fell 14.98 points (-1.64%) to 896.18, and the 900 point line collapsed again within one day. Individuals net bought 14.5 billion won, while foreigners and institutions sold 12.2 billion won and 182.1 billion won, respectively.
On the same day, the stock market was directly hit by the impact of the New York stock market closing the day before due to supply chain instability caused by the Beijing lockdown, the US Federal Reserve’s Giant Step (0.75% interest rate hike), and the threat of nuclear war from Russia. . The KOSPI showed a sluggish trend, starting at 2630.58, down 37.73 points (1.41%), and then pushed back to 2615.50 points at the beginning of the market. However, as a result of the sharp decline, a rebound buying trend was introduced, and it continued to rise and fall at the 2630 level.
Seo Jeong-hoon, a researcher at Samsung Securities, said, “Amid inflation and Fed tightening concerns, the prolongation of the Russian crisis has also emerged as a cause of concern. “There was volatility,” he said.
The shipbuilding industry ‘benefits from the war in Ukraine’… Expected to win 70 trillion LNG carrier orders over 6 years
As the demand for liquefied natural gas (LNG) increases in Europe due to the impact of the war between Russia and Ukraine, orders for LNG carriers that transport it are also expected to increase. As a result, it is analyzed that the three large domestic shipbuilders, which have controlled 80% of the global LNG carrier construction market, will have the effect of increasing their sales by 70.2 trillion won over the next six years.
On the 26th, in the shipbuilding industry, it is predicted that the three domestic companies, Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering, and Samsung Heavy Industries, will benefit from the boom in LNG carrier orders over the next five years.
This is because the recent war between Russia and Ukraine has been prolonged. The European Union (EU), which has been using Russian pipeline natural gas (PNG), announced a legislative document ‘REPowerEU’ last month and decided to reduce its dependence on Russian energy.
In fact, the document shows that Russia’s dependence on PNG is 66.66% by the end of this year. The goal is to reduce it to 0% by 2030. Accordingly, the energy industry is predicting that LNG will emerge as an alternative energy source instead of reducing Russian PNG.
Accordingly, the demand for LNG carriers to transport LNG is bound to increase rapidly. Nice Credit Rating predicted that 59.5 LNG carriers would be needed every year if the Russian PNG used in Europe was replaced with LNG. In addition, the increase in demand in Europe will increase LNG cargo volume in other regions, which is expected to have a significant impact on the increase in LNG carrier orders.
Japan opens its doors to tourists
Citing a report by the Japanese Yomiuri Shimbun, Bloomberg reported on the 27th (local time) that a Japanese government adviser plans to ask tourists to plan to reopen Japan.
According to the Yomiuri Shimbun, a member of the Economic, Finance and Fiscal Policy Council is expected to propose such a proposal to Japanese Prime Minister Fumio Kishida.
The Japanese tourism industry is urging the government to unblock more travel.
The Japanese tourism industry was so active that the number of foreign visitors surged fivefold from 2011 to 2019. However, the number of foreign visitors plummeted from 32 million in 2019 to 250,000 in 2021 as Japan’s border lockdown measures have been tightened due to the spread of COVID-19.
In response to criticism that the border blockade was excessive, the Japanese government allowed business travelers and international students to return to their home countries since last month. However, the entry of tourists is still prohibited. In addition, although quarantine restrictions have been partially relaxed, most inbound travelers are required to follow the three-day quarantine designated by the quarantine station.
◆Wen, tactile sense of whether ‘examination is complete’ processing… Whether to exercise the veto back to the surface
President Moon Jae-in has been deeply concerned with the handling of the so-called ‘examination and complete deprivation of the prosecution’s investigation authority’.
According to the political circles on the 27th, the Democratic Party of Korea and the People’s Power, which had initially faced off over the bill of scrutiny, accepted the arbitration plan by National Assembly Speaker Park Byeong-seok, but the people’s power is suddenly demanding a reconsideration.
On the 25th, President Moon said about the arbitration plan at an event inviting reporters from the Blue House, “It is necessary to discuss the proposal in the National Assembly, and if possible, it is better if it is dealt with by consensus, and consultations are also necessary between the prosecution and the police.” I think the agreement between the two parties has gone well,” he said.
For now, if the Democrats alone deal with the bill, the question of whether to exercise the veto power again seems to be a matter of great concern.
In fact, President-elect Jang Je-won met with reporters on the 26th and pressured the mediation proposal, saying, “I think President Moon Jae-in will exercise the veto”.
However, it is analyzed that the possibility of exercising the veto is not high as President Moon agrees with the purpose of separating the investigative and prosecuting powers.
However, even if the veto is not exercised, if the Democratic Party actually handles the bill alone, there is still a feeling of skepticism that President Moon will have to put it to the cabinet meeting next month and decide on it.
Once the issue of oversight is resolved, President Moon should also decide on the fate of Prosecutor General Kim Oh-soo, who expressed his second resignation in protest against the arbitration proposal. President Kim is writing his love song and not going to work until his resignation is accepted.
◆[차이나리포트] Corona lockdown… A continent that fell into ‘Ryu Gung-Hong’s gymnastics’
The background music of the famous Taiwanese singer, Zhou Jerun (周杰倫 Zhu Gerlun)’s ‘Bon Chu Kang Mu (本草綱目)’ is played as the background music. In the living room of the house, a couple perform jegi-kick gymnastics to a fast-tempo rap. “One, two, three… Lose your back fat, get 11-shaped abs!!” The husband puts slogans in the middle to energize him. His wife, who can’t keep up with her husband’s pace in the exercise that lasts for over an hour, shows a tired look on her face. Do.
This is a video of the ‘burn fat’ gymnastic exercise video of Taiwanese entertainer Ryu Gunghong (劉畊宏), who has been gaining popularity in China recently. Although Liu Genghong worked as an actor and singer, he is better known as Zhou Jerun’s best friend, who appeared with his daughter Xiao Paofu (小泡芙) in ‘Chinese version of Dad, Where Are You Going’.
But recently, another title has been added. Wang Hong (網紅, Online Star), China’s No. 1 ‘Bounty Level’ Fitness. ‘Bounty level’ means that it hit the jackpot enough to affect the entire Chinese society. Gunghong Ryu gymnastics is once again sparking a craze for home training (home workout) among Chinese people who are confined at home due to the rapid spread of Corona 19.
- reporter information
- Choi Ye-ji
- ruizhi@ajunews.com
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