KOSPI, ‘running wild every day’, continues volatility… “Relieves the burden of speeding”

KOSPI, which has been experiencing rapid ups and downs after reaching ‘8,000 PB’, continued its volatility on the 19th, falling nearly 5% at one point during the session.

According to the Korea Exchange and Yonhap Infomax, a financial information service provider, as of 2:25 p.m. on this day, KOSPI is at 7,272.82, down 3.24% from the previous day.

The index, which started at 7,425.66, down 1.20%, fell 4.98% to 7,141.91 at 11:16 a.m., and then rebounded to 7,345.22 in the afternoon, seemingly continuing to fluctuate.

The highest and lowest intraday fluctuations on this day were 304.66 points, showing significant volatility for three consecutive trading days since the 15th, when KOSPI hit ‘8,000 pi’ during the day and plunged.

Samsung Electronics ranks first and second in market capitalization in the domestic stock market.[005930]and SK Hynix[000660] The stock price also temporarily plummeted by 5.34% and 5.43%, but has now recovered some of the loss.

It appears that the atmosphere of the Philadelphia Semiconductor Index closing down 2.47% on the New York Stock Exchange last night has extended to the domestic stock market.

The Philadelphia semiconductor index, which had once fallen by more than 4%, fell in the early morning Korean time when U.S. President Donald Trump “내일(19일)로 예정된 이란에 대한 공격을 하지 말라고 (미군에) 지시했다”He stated that the decline was sharply reduced.

However, the difference in positions between the United States and Iran is so large that it is not easy to reach an agreement in a short period of time, so the impact on international oil prices appears to be limited.

U.S. West Texas Intermediate (WTI) futures for June delivery, which closed at $108.66 on the New York Mercantile Exchange on the 18th, up 3.07%, are today being traded at $106.90, down 1.62% from the previous day.

Stock markets in major Asian countries, including Japan’s Nikkei 255 Index (-0.69%), Taiwan’s Stock Exchange Index (-1.64%), China’s Shanghai Composite Index (-0.06%), and China’s Shenzhen Composite Index (-0.78%), are also mostly weak at this time.

However, compared to the Korean stock market, the drop does not appear to be large.

Han Ji-young, a researcher at Kiwoom Securities, “코스피 장중 급락의 배경으로는 전일 미국 증시에서 데이브 모슬리 시게이트 최고경영자(CEO)의 반도체 병목 현상 관련 언급에 따른 미국 반도체주 약세, 미국 10년물 금리 상승 부담 등 매크로 불확실성 잔존, 주중 발표될 엔비디아 실적과 4월 연방공개시장위원회(FOMC) 의사록 등 주요 이벤트에 대한 경계심리 등이 꼽힌다”He said.

However, considering that the U.S. Nasdaq futures were flat as of this morning and the Japanese stock market only fell slightly, one researcher pointed out that the impact of macro or external factors on the KOSPI does not seem to be significant.

he is “국내 증시의 연초 폭등이 만들어낸 과속 부담이 덜 해소된 게 여전히 가장 큰 것 같다”He said it is necessary to pay attention to the fact that industries such as robotics and energy storage systems (ESS), whose stock prices have risen sharply so far, are showing larger declines than Samsung Electronics or SK Hynix.

One researcher said “이는 현재 금리 부담이 일시적으로 높아진 상황 속에서 성장주에 대한 시장 인심이 그리 후하지 않은 상황임을 시사한다”While “증시 상승 여력이 남아 있다는 기존 뷰에 변함이 없지만 단기적으로 과속에 따른 차익실현, 장중 주가 및 수급 급변을 감내해야 하는 만큼 변동성 관리에 유의할 필요가 있다”He advised.

However, even in such a situation, Samsung Electronics quickly narrowed the decline in the afternoon and showed an upward trend at one point.

It is interpreted that expectations that an agreement could be reached by the end of the day have pushed up the stock price while the second post-conciliation mediation, which could be the last negotiation before the general strike between Samsung Electronics’ labor and management, is underway.