The government “to prevent contraction of the real economy
We will mobilize all political means.”
On the morning of the 15th, the KOSPI fluctuated severely around the 2700 line amid concerns about the possibility of a Russian invasion of Ukraine and the tightening tightening of the US Federal Reserve. The government announced that it would mobilize all available policy measures to prevent the contraction of the real economy caused by the Ukraine crisis and to minimize volatility in the financial market.
As of 10 a.m. on the same day, the KOSPI was at 2704.71, up 0.23 points (0.01%) from the battlefield. The index started at 2712.45, which is 7.97 points (0.29%) higher than the previous market, but immediately turned downward as the institution turned to a selling advantage, repeating a slight rise and fall after the 2700 line broke at one point during the day. In the stock market, foreigners and institutions were net selling KRW 49.5 billion and KRW 36.7 billion, respectively. On the other hand, individuals are net buying 86.2 billion won. Han Ji-young, a researcher at Kiwoom Securities, said, “The hawkish remarks made by James Bullard, president of the Federal Reserve Bank of St.
Last night, the New York Stock Exchange closed lower in all three major indices. On the New York Stock Exchange (NYSE), the Dow Jones Industrial Average closed at 3,566.17, down 171.89 points (0.49%) from the previous day. The Standard & Poor’s (S&P) 500 index fell 16.97 points (0.38%) to 4401.67, and the Nasdaq index, centered on technology stocks, closed at 13790.92, down 0.24 points (0.00%) from the battlefield. The Nasdaq Index showed an upward trend at the beginning of the market, but ended weakly as the Treasury bond yield rebounded to close to 2%. The market seemed to be paying close attention to news related to the Russia-Ukraine conflict. Recently, US President Joe Biden and Russian President Vladimir Putin had a phone call, but failed to come up with a breakthrough. Due to this influence, the Chicago Options Exchange (CBOE) Volatility Index (VIX), also known as the fear index, broke through the 32 during the day. “There is a lot of inflation going on right now,” Bullard said in an interview with CNBC.
Meanwhile, 1st Vice Minister of Strategy and Finance Lee Won Lee held the 3rd Ukraine emergency response task force meeting held at the government complex in Seoul and said, “As soon as the incident occurs, we will hold an external economic and security strategy meeting and inspection meeting by sector.” .
By Hoe-kyung Yoo and Hae-dong Jo, staff reporters
