[인포스탁데일리=박상철 기자]
■ KOSPI index
On this day, the KOSPI index closed at 2,620.42, down 1.10%, falling for the first time in four trading days.
Amid the US CPI shock, the Fed was expected to cut early interest rates to fall, putting pressure on the overall stock market. Market experts analyzed that the KOSPI index, which rose significantly due to the recent low PBR industry rally, took a lot of profit.
According to supply and demand, institutions sold net KRW 535.9 billion, while individuals and foreigners net bought KRW 408.1 billion and KRW 108.5 billion, respectively. In the futures market, foreigners and net individuals sold 3,035 and 492 contracts, respectively, and institutions bought 3,450 contracts.
The US January CPI, published last night, rose 0.3% compared to the previous month and 3.1% compared to the same month last year. This is above market expectations of a 0.2% increase from the previous month and a 2.9% increase from the same month last year. Expectations were high for the rate to enter the 2% range for the first time since March 21, but as it reached the 3% range, market disappointment grew. Core CPI also rose 0.4% on the previous month and 3.9% on the same month last year, beating market expectations of a 0.3% increase on the month previous and 3.7% compared to the same month last year. Although US employment indicators in January showed strong recent results, the CPI also fell less than expected, greatly weakening expectations for an early interest rate cut by the Fed.
With CPI exceeding expectations, the general view was that the Fed would not be able to cut interest rates in May, let alone March. Last night, the 10-year US Treasury bond yield increased 15.42bp from the previous trading day to 4.320%, and the 2-year Treasury bond yield rose 19.83bp to 4.666%. According to CME FedWatch last night, the Federal Funds (FF) interest rate futures market showed an 8.5% chance that the Fed would cut interest rates in March and a 33.9% chance of a rate cut in May.
Stock exchange stock price. Photo = Pixabay
Holding companies such as CJ (-3.86%), SK Square (-3.50%), SK (-3.48%), LS (-2.80%), Hanwha (-2.65%), KB Financial Group (-3.44%), Hana Decreased Financial Group (Banking themes as -3.78%) and insurance as Samsung Life Insurance (-2.88%), Hanwha Life Insurance (-2.68%), and Samsung Fire & Marine Insurance (-7.37%). Amid the surge in US government bond interest rates, semiconductors such as Samsung Electronics (-1.60%) and SK Hynix (-0.87%), LG Energy Solution (-1.40%), Samsung SDI (-1.15%), SK Innovation (- 0.65%), and LG Chemical Second batteries such as (-2.12%), Ecopromity (-4.53%), and NAVER (-1.22%) also fell.
The exchange rate recorded 1,335.4 won/dollar, an increase of 7.3 won since the previous trading day.
Most of the top KOSPI stocks by market capitalization fell. Hana Financial Group (-3.78%), KB Financial Group (-3.44%), Samsung Life Insurance (-2.88%), Samsung C&T (-2.43%), Hyundai Mobis (-2.14%), LG Chem (-2.12%) , Celltrion (-1.76%), Samsung Electronics (-1.60%), Shinhan Holdings (-1.57%), Hyundai Motor Company (-1.41%), LG Energy Solution (-1.40%), NAVER (-1.22%), Samsung BioLogics (- 1.19%), Samsung SDI (-1.15%), and POSCO Holdings (-1.14%) fell. On the other hand, POSCO Future M (+3.44%), Kakao (+0.37%), and Kia (+0.34%) rose.
Most industries also declined. Insurance (-3.69%), finance (-2.20%), securities (-1.76%), distribution (-1.75%), shipping warehouse (-1.73%), pharmaceuticals (-1.29%), electricity / electronics (-1.18% ) ), construction (-1.13%), electricity and gas (-1.06%), steel/metal (-1.04%), communications (-0.99%), manufacturing (-0.96%), food and drink (-0.76%) , chemicals decreased (- 0.71%) and so on. On the other hand, medical precision (+0.23%), services (+0.13%), non-metallic minerals (+0.08%), and machinery (+0.02%) rose.
Stock markets were closed in major Asian countries in China and Taiwan, while those in Japan fell and Hong Kong rose.
■ KOSDAQ index
On this day, the KOSDAQ index closed at 853.30, up 0.96%, rising for four consecutive trading days.
Amid profit-taking in stocks associated with low PBR, the recent influx of buying power, mostly in relatively neglected growth stocks, has buoyed the KOSDAQ index.
According to supply and demand, individuals bought a net KRW 126 billion, while foreigners and institutions sold a net KRW 65.7 billion and KRW 58.4 billion, respectively.
Photo = Enchem Homepage
Nchem (+2.99%) continued its record high, and entertainment stocks such as JYP Ent rose. (+3.49%), SM (+3.61%), and YG Entertainment (+1.65%). Semiconductor/on-device AI such as HPSP (+3.88%), EO Technics (+3.23%), ISC (+2.34%), Koyoung (+4.46%), Jeju Semiconductor (+8.03%), Gaon Chips (+ 5.27) %), etc., Ecopro BM (+1.46%), Dongwha Enterprises (+7.53%), Soulbrain (+4.92%), Cosmo Advanced Materials (+4.65%), and Wonik P&E (+4.11%), and to her, Rose. On the other hand, HLB group stocks such as HLB (-5.64%), HLB Biostep (-4.44%), HLB Life Sciences (-6.21%), and HLB Pharmaceuticals (-5.27%) fell.
Most of the highest KOSDAQ market capitalization stocks rose. Hugel (+5.64%), Soulbrain (+4.92%), Classys (+4.53%), HPSP (+3.88%), SM (+3.61%), JYP Ent. (+3.49%), Eotechnics (+3.23%) , Pearl Abyss (+3.05%), Nchem (+2.99%), Eco Pro BM (+1.46%), Kakao Games (+1.22%), Dongjin Semichem (+0.75 %), etc. rose, while HLB rose (-5.64) %), Shinsung Delta Tech (-4.07%), LS Materials (-2.85%), and Eco Pro (-2.05%) fell.
Most industries also rose. Paper/timber (+4.68%), broadcasting services (+3.51%), chemicals (+2.96%), communications broadcasting services (+2.87%), semiconductors (+2.10%), digital content (+2.10%), computer services (+2.07%), IT H/W (+1.87%), entertainment culture (+1.74%), IT S/W and SVC (+1.52%), IT parts (+1.48%), communication services (+ 1.44% ) ), other manufacturing (+1.42%), medical / precision equipment (+1.42%), etc rose, while finance (-1.58%), pharmaceuticals (-1.16%), construction (-0.31%) , and transport (-0.28%) , Internet (-0.18%), etc. fell.
Reporter Park Sang-cheol 3fe94@infostock.co.kr
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