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[3분증시] The New York Stock Exchange fell on rising Treasury yields… Nasdaq 0.45% ↓
This is the ‘3 minute stock market’, time to look at the world stock market and our stock market.
Yonhap Infomax Reporter Kwon Yong-wook is with me.
First of all, let’s sort out the US stock market last night.
Yes, the New York stock market was weak last night, focused on technology stocks due to the rise in government bond yields.
Looking at the closing price, the Dow fell 0.12% and the S&P 500 fell 0.16% from the battlefield.
The tech-focused Nasdaq index fell 0.45%.
Markets are turning their attention to moves in the Federal Reserve and Treasury rates as worries in the banking sector ease.
As the banking crisis subsides, the Fed is likely to raise interest rates further.
This view was reflected in government bond yields, which led to a rise in both long-term and short-term interest rates.
Rising interest rates are generally bad news for tech stocks.
Initially, the market had raised expectations that a rate cut would be possible this year due to the crisis in the banking sector.
Voices that interest rate cuts won’t be easy eventually get louder again, which has worked against the stock market.
“The market was overconfident in the Fed’s rate cut this year, which could come at a price later,” said BlackRock, the world’s largest asset manager, in a report that causes it,” he said.
It seemed that the market environment would improve once the banking crisis had subsided, but it is not as easy as we had thought.
After the banking crisis seemed to take a breather, the Fed’s interest rate hike issue is reviving.
However, this does not mean that the banking problem has been completely solved.
Bank stocks were generally slow overnight.
First Republic Bank, said to have a liquidity crisis, fell about 2%, and in the case of Peck West Bancorp, its stock price fell 5%.
Federal Reserve Vice Chairman Michael Barr told the Senate that the US banking system is sound and resilient.
At the same time, he said he would review whether capital and liquidity regulations should be strengthened in the wake of this bank bankruptcy.
The news of this tightening of regulations is putting banking stocks back on their feet.
On the other hand, tech stocks also fell all at once due to rising interest rates, as previously reported.
Apple, Amazon and Microsoft all fell within 1%.
In particular, in the case of Apple, despite the news of the launch of a new postal payment service, it remained in a weak contract.
There is also news that the stock price of Alibaba, a major technology company in China, has risen significantly.
Yes, the news that Alibaba has decided to separate into 6 groups was transmitted, and the stock price rose significantly.
By restructuring into six independent business units for agile decision-making, Alibaba’s stock price rose more than 14% in the New York market.
Shares of Lyft, an American car-sharing company, fell more than 7% as the new CEO ruled out the possibility of selling the company.
A company called Occidental Petroleum rose more than 4% on the news that Warren Buffett would continue to buy shares in the company.
Finally, note today’s KOSPI outlook.
Yes, the KOSPI rose about 1% yesterday in relief that the US banking crisis has subsided.
The index was trading around 2,435.
Today, the KOSPI is expected to start with a bearish trend focused on technology stocks.
The part where our stock market rose somewhat significantly yesterday may increase selling pressure today.
The market is also likely to be more aware of checking US inflation data to be released this week to gauge the extent of Fed tightening.
#New York Stock Exchange #Government Bond Rate #First Republic Bank #Alibaba #KOSPI
Yonhap News TV article inquiries and reports: Kakao Talk/Line jebo23