2023-07-07 20:56:41
© Archyde.com. [0707마감체크] Samsung Electronics and SK Hynix fell after Samsung Electronics’ second quarter provisional earnings announcement
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A view of the Korea Exchange in Yeouido, Seoul. Photo = Korea Exchange
KOSPI index
The index closed at 2,526.71, down 1.16%.
Last night, the New York stock market fell on continued concerns about further Fed tightening amid brisk private employment indicators, and stock markets in major European countries also closed lower.
On this day, the KOSPI index started falling to 2,547.41. From the peak of the market price, the decline widened as time went on. He made an intraday low at 2,515.07 in the morning. In the afternoon, his decline was somewhat reduced, but the sluggish flow continued below the 2,528 line, eventually closing his trade at 2,526.71.
Amid continued concerns about additional Fed tightening amid brisk US employment indicators, net selling by institutions and foreigners after Samsung Electronics (KS:) announced its 2Q results today weighed on the stock market as a whole, and the KOSPI index closed down for 4 consecutive trading days. did.
Concerns about the conflict between the US and China and continuing anxiety over the Saemaul Geumgo also acted as a burden on the overall stock market. Institutions were net sellers for four consecutive trading days, and foreigners were net sellers for two consecutive days. Individuals were net buyers for four consecutive trading days.
According to the ADP National Employment Report released last night, private sector employment increased by 497,000 in June compared to the previous month. This is more than double the 220,000 increase expected by the Wall Street Journal (WSJ), the highest since July 2022.
A day before the release of the U.S. Department of Labor’s employment trends report, the possibility of further rate hikes by the Fed has been highlighted as the private employment index has risen sharply.
According to CME FedWatch last night, the Fed Funds (FF) interest rate futures market reflected a 92.4% chance that the Fed would raise rates by 0.25 percentage points at its July meeting. As a result, US Treasury yields rose sharply last night, and investor sentiment shrank as major technology stocks with heavy valuation burdens showed weakness.
Samsung Electronics announced its preliminary results for the second quarter today. Consolidated sales recorded KRW 60.00 trillion (-22.27% year-on-year) and operating profit KRW 600 billion (-95.74% year-on-year).
Samsung Electronics. (Data photo = Infostock Daily)
This is the worst performance since the company posted an operating loss of KRW 740 billion in the fourth quarter during the 2008 financial crisis. However, it more than doubled the brokerage consensus (FnGuide tally, KRW 281.8 billion).
The market believes that this performance has been achieved due to an increase in DRAM shipments and a decrease in inventory, and it is analyzed that expectations for recovery have increased as it confirms that the performance has passed the bottom.
After the announcement of Samsung Electronics’ provisional results for the second quarter, Samsung Electronics (-2.37%) and SK Hynix (KS:) (-1.76%) closed down due to net selling with foreigners and institutions.
GS E&C (-5.30%) fell for 4 consecutive trading days, owing to continued concerns about deteriorating performance due to poor construction. Representative automobile stocks such as Hyundai Motor (KS:) (-1.21%), Kia (-1.24%), and Hyundai Mobis (-0.21%), which recently rose due to continued earnings expectations, also fell.
On the other hand, POSCO Future M (+6.69%) rose due to continued expectations for new order momentum.
Indices of major Asian countries, including Japan, China, Hong Kong and Taiwan, also closed down.
By supply and demand, institutions and foreigners net sold 762 billion won and 45 billion won, respectively, and individuals net bought 762.5 billion won. In the futures market, foreigners net sold 15,102 contracts, while individuals and institutions net bought 6,480 contracts and 6,965 contracts, respectively.
The won-dollar exchange rate recorded 1,305.0 won, up 4.1 won from the previous trading day.
The 3-year Treasury bond yield rose 5.9bp from the previous day to 3.735%, and the 10-year Treasury bond yield rose 4.8bp from the previous day to 3.761%.
3-year government bond futures closed at 103.47, down 23 ticks from the previous day. Foreigners net sold 6,840 contracts, and banks net bought 5,218 contracts. 10-year government bond futures closed at 110.07, down 44 ticks from the previous day. Foreigners net sold 4,694 contracts, and financial investment net bought 2,643 contracts.
Most of the top KOSPI stocks fell. Samsung BioLogics (KS:)(-4.01%), Celltrion (KS:)(-2.62%), Samsung Electronics (-2.37%), Samsung C&T (-2.15%), Kakao (KS:)(-2.06%) , LG Electronics (-1.84%), SK Hynix (-1.76%), Shinhan Financial Group (-1.66%), Kia (-1.24%), Hyundai Motor (-1.21%), LG Chem (KS:) (-1.20%) , Samsung SDI (-0.85%), LG Energy Solutions (-0.53%), and Samsung Life Insurance (-0.45%) closed down. On the other hand, POSCO Future M (+6.69%), POSCO Holdings (+1.52%), and SK Innovation (+0.06%) closed higher.
Most of the sectors also declined. Pharmaceuticals (-3.28%), electricity and gas (-2.10%), textiles/clothes (-1.79%), transportation and warehouse (-1.55%), electricity/electronics (-1.47%), securities (-1.38%), construction ( -1.33%), telecommunications (-1.22%), manufacturing (-1.19%), services (-1.12%), non-metallic minerals (-1.04%), and finance (-0.94%) fell, while machinery (+0.24%) fell. ), paper/wood (+0.15%), and steel/metal (+0.10%) closed higher.
KOSDAQ Index
The index closed at 867.27, down 0.37%.
Last night, while the New York stock market declined due to continuing concerns about additional Fed tightening amid brisk private employment indicators, the KOSDAQ index started off slightly lower at 868.08 that day.
It turned upward at the beginning of the session and formed an intraday high at 872.29. It turned down again and expanded the drop during the morning, recording an intraday low at 861.20 at one point in the morning. In the afternoon, the decline gradually decreased toward the second half of the market, and eventually closed at 867.27.
Amid continued concerns over additional Fed tightening, the KOSDAQ index fell for two days in a row due to net selling by institutions and foreigners. Institutions were net sellers for four consecutive trading days, and foreigners were net sellers for the second day.
Individuals were net buyers for four consecutive trading days. Ahead of the announcement of US non-agricultural employment, concerns over further tightening by the Fed amid brisk ADP private employment indicators continued, and investor sentiment shrank due to continuing conflicts between the US and China.
Celltrion Healthcare (KQ:)(-2.69%), Celltrion Pharmaceuticals (-2.78%), HLB (KQ:)(-0.32%), Alteogen (KQ:)(-0.90%), etc. has fallen Enter stocks such as JYP Ent. (-1.28%), SM (-1.12%), and YG Entertainment (-0.38%) also fell. On the other hand, Ecopro Group stocks ranked 1st and 2nd in market cap, such as Ecopro BM (KQ:) (+1.82%) and Ecopro (+4.14%), rose together.
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By supply and demand, foreigners and institutions net sold 31.1 billion and 120.3 billion, respectively, and individuals net bought 143.9 billion.
The KOSDAQ market capitalization stocks had a slight decline. Kakao Games (KQ:)(-3.76%), Celltrion Pharmaceuticals (KQ:)(-2.78%), Celltrion Healthcare (KQ:)(-2.69%), Caregen (-1.44%), JYP Ent.(- 1.28%), Reno Industrial (-1.20%), SM (-1.12%), Alteogen (-0.90%), and HLB (-0.32%) closed down. On the other hand, Lunit (+4.51%), Ecopro (+4.14%), Posco DX (+2.17%), Ecopro BM (+1.82%), Dongjin Semichem (+1.40%), WCP (+0.86%), HPSP ( +0.37%) and Classis (+0.31%) closed higher.
Most of the declines were by sector. Distribution (-1.92%), food & beverage/tobacco (-1.73%), transportation equipment/parts (-1.58%), pharmaceuticals (-1.51%), digital contents (-1.39%), semiconductors (-1.37%), medical/ Precision Equipment (-1.16%), Textile/Clothing (-1.13%), IT H/W (-1.09%), Communication Service (-1.06%), Internet (-0.98%), IT S/W & SVC (- 0.93%), IT parts (-0.85%), machinery/equipment (-0.79%), and non-metals (-0.78%) closed down. On the other hand, finance (+3.18%), metals (+1.38%), general electrical and electronics (+0.91%), broadcasting service (+0.63%), and communication broadcasting service (+0.10%) closed higher.
Reporter Yoon Seo-yeon yoonsy0528@infostock.co.kr
1688771587
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