2023-06-01 20:50:10
[0601마감체크] May Exports Decrease for 8th Consecutive Month, KOSPI Index Ends Down
[인포스탁데일리=윤서연 기자]
A sculpture of a cow and a bear installed in the lobby of the new building of the Korea Exchange Seoul office located in Yeouido, Seoul. In the stock market, a bull represents a rising market and a bear represents a falling market. Photo = Korea Exchange
KOSPI index
The index closed down 0.31% at 2,569.17.
Last night, the New York stock market declined due to concerns over the debt ceiling vote and concerns over the Chinese economy’s slowdown, and stock markets in major European countries also closed lower. On this day, the KOSPI index started weakly at 2,572.56.
It turned upward at the beginning of the session and formed an intraday high at 2,580.15. It fell after showing fluctuations in the flat range, and recorded an intraday low at 2,565.00 in the morning. After that, the decline was somewhat reduced, and the sluggish flow continued around the 2,570 line before closing at 2,569.17.
Despite the news of the US House of Representatives passing the debt ceiling agreement, the KOSPI index fell for the second day due to institutional net selling. Institutions led the index decline by net selling for 6 consecutive trading days.
Institutional net selling was mostly concentrated in the electrical and electronic sector. Foreigners net sold 8.2 billion won, and switched to net selling in 6 trading days. The eighth consecutive month of decline in exports in May announced by the Ministry of Trade, Industry and Energy today also weighed on investor sentiment.
The Ministry of Trade, Industry and Energy announced the export and import trends for May today. Exports in May were 52.24 billion dollars, down 15.2% from the same month last year. Monthly exports have declined year-on-year for the eighth consecutive month since last October.
Exports of semiconductors, the single largest export item, were $7.37 billion in May, down 36.2% from the same month last year. In addition, exports of petroleum products (-33.2%) and petrochemicals (-26.3%) decreased, while exports of automobiles (+49.4%) and cathode materials (+17.3%) increased.
Samsung Electronics (KS:) (-0.70%), which showed good trends by recently breaking its 52-week high, closed down for the second day due to profit taking.
Last night, Nvidia (NASDAQ:)(-5.68%), AMD (NASDAQ:)(-5.64%), Applied Materials (NASDAQ:)(-2.39%), Micron Technology (NASDAQ:)(-4.87%) The Philadelphia Semiconductor Index in the US plummeted amidst declines in major semiconductor stocks, such as semiconductor stocks.
On the 31st local time, the US House of Representatives passed the Debt Ceiling Agreement. The passage of the US House of Representatives agreement came five days before the default deadline for the US Treasury Department.
President Biden expressed satisfaction through a statement after the passage of the House. In a situation where the Senate still has to pass, but in a situation where the Democratic Party occupies the majority, the Senate passage is certain.
China’s Caixin Manufacturing PMI for May, released today, recorded 50.9, exceeding market expectations. It recorded 49.5 in April and showed a contraction phase, but returned to an expansion phase by exceeding 50 again in a month. Meanwhile, the official manufacturing PMI for May, announced the previous day, was 48.8, showing a contraction for two months in a row.
Meanwhile, last night, Fed Director and Fed Vice-Chair-designate Philip Jefferson said skipping a rate hike at its next meeting would allow the committee to see more indicators before deciding whether to further tighten policy, suggesting a possible pause in raising rates. did.
A panoramic view of the main building of the Federal Reserve System (Fed) located in Washington, D.C.
However, the possibility of further increase was left open. “I’m not saying we won’t continue tightening,” said Philadelphia Fed President Patrick Harker, who also said he wants the June rate hike to be skipped, saying, “I think one meeting could be skipped.”
Stock markets in major Asian countries closed higher in Japan and China and lower in Taiwan.
By supply and demand, institutions and foreigners net sold 384.2 billion and 8.2 billion, respectively, and individuals net bought 357.9 billion. In the futures market, foreigners net sold 1,570 contracts, and individuals and institutions net bought 813 contracts and 936 contracts, respectively.
The exchange rate recorded 1,321.6 won, down 5.6 won from the previous trading day.
The 3-year Treasury bond yield rose 1.9bp from the previous day to 3.478%, and the 10-year Treasury bond yield rose 1.7bp from the previous day to 3.549%.
3-year government bond futures closed at 104.30, down 10 ticks from the previous day. Foreigners and banks net sold 4,814 contracts and 1,910 contracts, respectively, and financial investment net bought 6,458 contracts. The 10-year government bond futures closed at 112.12, down 25 ticks from the previous day. Foreigners net sold 2,496 contracts, and financial investment net bought 2,565 contracts.
The KOSPI market capitalization stocks had a slight decline. LG Energy Solutions (-2.50%), KB Financial Group (KS:) (-2.50%), Kia (-1.98%), Samsung C&T (-1.54%), Samsung SDI (-1.39%), Hyundai Motor Company (KS:)( -1.25%), Shinhan Financial Group (-1.00%), LG Chem (KS:) (-0.87%), Samsung Electronics (-0.70%), and Hyundai Mobis (-0.67%) closed down. On the other hand, POSCO Future M (+2.71%), SK Innovation (+2.64%), Celltrion (KS:) (+2.39%), NAVER (+2.26%), SK Hynix (KS:) (+1.57%), LG (+0.93%), Samsung BioLogics (KS:) (+0.51%), and POSCO Holdings (+0.28%) closed higher.
The decline was also somewhat dominant by sector. Telecommunications (-1.69%), securities (-1.14%), transportation warehouse (-0.97%), transportation equipment (-0.94%), distribution (-0.88%), electricity/electronics (-0.63%), finance (-0.63%) %), textile/garment (-0.56%), construction (-0.46%), and manufacturing (-0.31%). On the other hand, medical precision (+4.53%), electric gas (+1.60%), medicine (+1.28%), paper/wood (+1.19%), service (+0.61%), machinery (+0.27%), chemical ( +0.23%) and steel/metals (+0.14%) closed higher.
KOSDAQ Index
The index closed at 863.78, up 0.80%.
While the New York stock market declined last night due to fears over the debt ceiling vote and concerns over the Chinese economy’s slowdown, the KOSDAQ index opened weakly at 855.95 that day.
After hitting the intraday low at 855.46 at the beginning of the market, it turned upward, and then the increase increased as time went on. In the afternoon, the increase was somewhat returned, but the increase increased again towards the latter half of the market, and after forming an intraday high at 863.86 at the end of the market, it eventually closed at 863.78.
Amid news that the US House of Representatives passed the debt ceiling agreement, the KOSDAQ index rose for the third consecutive trading day due to foreign net buying.
Foreigners were net buyers for three consecutive trading days. Institutions recorded net sales in 3 trading days, and individuals recorded net sales in 3 consecutive trading days. Rise in pharmaceutical/bio and entertainment stocks led the index rise.
Celltrion Healthcare (KQ:)(+3.65%), HLB (KQ:)(+2.30%), Alteogen (KQ:)(+4.55%), etc. Pharma/Bio, JYP Ent.(+4.34%), Entertainment themes such as fan entertainment (+4.81%), NEW (+3.32%), and Fantagio (+4.50%) closed higher. On the other hand, SM (-7.20%) showed weakness in the notice of termination of exclusive contracts with major artists of group EXO.
Photo = SK Biopharmaceuticals website
By supply and demand, foreigners net bought 55.7 billion won, and individuals and institutions net sold 26.2 billion won and 15 billion won, respectively.
Most of the top KOSDAQ stocks closed higher. Medytox (+6.10%), HPSP (+6.04%), Alteogen (+4.55%), JYP Ent. (+4.34%), Caregen (+4.07%), Celltrion Healthcare (+3.65%), Celltrion Pharmaceuticals (+2.35%), HLB (+2.30%), Kakao Games (KQ:) (+1.16%), Reno Industrial (+1.00%), Dongjin Semichem (+0.78%), Studio Dragon (+0.62%), Rainbow Robotics (+0.29%) and Osstem Implant (+0.21%) closed higher. On the other hand, SM (-7.20%), L&F (-1.48%), Pearl Abyss (-1.10%), and Cheonbo (-0.90%) closed down.
Most sectors also closed higher. Food & Beverage/Tobacco (+2.76%), Distribution (+2.23%), Pharmaceuticals (+1.96%), Internet (+1.90%), Medical/Precision Equipment (+1.75%), Other Services (+1.65%), Information Equipment (+1.06%), semiconductor (+0.89%), computer service (+0.84%), software (+0.79%), manufacturing (+0.78%), entertainment (+0.66%), IT S/W & SVC ( +0.62%) and chemicals (+0.62%) closed higher. On the other hand, paper/wood (-1.17%), publishing/media reproduction (-0.69%), metal (-0.41%), other manufacturing (-0.30%), construction (-0.24%), finance (-0.20%), General electrical and electronics (-0.15%) and others closed down.
Reporter Yoon Seo-yeon yoonsy0528@infostock.co.kr
1685660654
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