The US Federal Reserve (Fed) decided to raise interest rates by 0.5 percentage points at the FOMC meeting on the 4th, and this is the first rate hike in 22 years since 2000.
In addition, the company plans to reduce its $9 trillion asset portfolio from next month in order to curb the inflation rate, which is at its highest in more than 40 years.
Fed Chairman Powell cut off the possibility of a 0.75% rate hike in his speech, easing concerns about aggressive tightening, but investor sentiment weakened when he hinted at an additional rate hike of 50 basis points each at the next two meetings.
The KOSPI closed at 2,64.51 points, down 50.54 points (1.87%) from the previous week.
By supply and demand, institutions and foreigners net sold 844.9 billion won and 406.1 billion won, respectively, and individuals bought 1.192.3 trillion won.
In the future, the market is expected to be affected by the US price instability.
Uncertainties about the strength of the US Federal Reserve’s tightening, the biggest concern for the stock market, have eased.
However, although the CPI growth rate is expected to decline from the previous month, the core CPI growth rate is unlikely to turn downward due to a rise in rental prices, and energy prices are also unstable. seems to work as
In the future, if the Fed is to actually lower the intensity of tightening, it needs a clear signal that inflation is slowing down, and it seems difficult to confirm the slowdown in inflation in April.
Confirming this, if the stock market confirms the downward stabilization of prices for two to three months, it is expected to raise the bottom step by step.
Nevertheless, the positive earnings outlook of Korean companies and adjustments can be expected to highlight the valuation merits and the new government’s stimulus measures. In the short-term, growth drivers in the energy, consumer discretionary and industrial materials sectors with low volatility and high dividends and guaranteed earnings stability. Sectors such as IT, healthcare, ESG, electric vehicles, rechargeable batteries, aerospace and metaverse should be approached from a medium-term perspective.
The US Federal Reserve (Fed) decided to raise interest rates by 0.5 percentage points at the FOMC meeting on the 4th, and this is the first rate hike in 22 years since 2000.
In addition, the company plans to reduce its $9 trillion asset portfolio from next month in order to curb the inflation rate, which is at its highest in more than 40 years.
Fed Chairman Powell cut off the possibility of a 0.75% rate hike in his speech, easing concerns about aggressive tightening, but investor sentiment weakened when he hinted at an additional rate hike of 50 basis points each at the next two meetings.
The KOSPI closed at 2,64.51 points, down 50.54 points (1.87%) from the previous week.
By supply and demand, institutions and foreigners net sold 844.9 billion won and 406.1 billion won, respectively, and individuals bought 1.192.3 trillion won.
In the future, the market is expected to be affected by the US price instability.
Uncertainties about the strength of the US Federal Reserve’s tightening, the biggest concern for the stock market, have eased.
However, although the CPI growth rate is expected to decline from the previous month, the core CPI growth rate is unlikely to turn downward due to a rise in rental prices, and energy prices are also unstable. seems to work as
In the future, if the Fed is to actually lower the intensity of tightening, it needs a clear signal that inflation is slowing down, and it seems difficult to confirm the slowdown in inflation in April.
Confirming this, if the stock market confirms the downward stabilization of prices for two to three months, it is expected to raise the bottom step by step.
Nevertheless, the positive earnings outlook of Korean companies and adjustments can be expected to highlight the valuation merits and the new government’s stimulus measures. In the short-term, growth drivers in the energy, consumer discretionary and industrial materials sectors with low volatility and high dividends and guaranteed earnings stability. Sectors such as IT, healthcare, ESG, electric vehicles, rechargeable batteries, aerospace and metaverse should be approached from a medium-term perspective.
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