[Asia Economy Reporter Hwang Junho] On the 15th, the stock market is showing a mixed trend. While individual investors' net buying intentions continue to grow, foreign and institutional investors are showing increasing net selling intentions in response.
On this day, the market fluctuated without leaning strongly toward either gains or losses. As of 10:23 a.m., the KOSPI stood at 3,053.10, down 0.04% (1.29 points). The day's low was 3,036.14, and the high was 3,065.27.
A competition is underway between individual investors' net buying intentions and the net selling intentions of institutions and foreigners. Individuals are recording net purchases of 198.7 billion KRW, while institutions and foreigners are showing net sales of 151.2 billion KRW and 44.2 billion KRW, respectively.
By sector, construction, transportation equipment, and banking sectors are leading the index gains. Additionally, sectors such as medical precision, steel and metals, and non-metallic minerals are also on the rise.
Among the top 10 market capitalization stocks, LG Chem is up 2.65%, trading at 969,000 KRW. NAVER, Samsung Electronics Preferred Shares, Hyundai Motor, and Samsung SDI are also showing upward trends. Samsung Electronics is down 0.60%, trading at 82,300 KRW.
The KOSDAQ is also showing a mixed trend similar to the KOSPI. At the same time, it is up 0.14%, standing at 926.83. Individuals are showing net buying intentions of 122.1 billion KRW, while institutions and foreigners are showing net selling intentions of 33.1 billion KRW and 89.2 billion KRW, respectively.
Among sectors, the financial sector is recording gains in the 4% range, with publishing media up 2.63% and non-metallic sectors up 2.01%. Among the top market capitalization stocks, Alteogen is up 2.33%, Pearl Abyss up 0.30%, and Kakao Games up 0.40%.
The stocks with the highest gains on this day include Aju IB Investment, Samsung Heavy Industries Preferred Shares, KC Feed, AD Chips, and Aprogen H&G, all showing increases of over 20%.
The Federal Reserve System, the monetary policy-making body located in Washington, USA.
Experts are expressing concerns about the rising market interest rates. They also believe that the direction of the stock market will change depending on the decisions made at the U.S. Federal Open Market Committee (FOMC) meeting starting on the 16th.
Park Tae-geun, a researcher at Samsung Securities, said, "There is high tension ahead of the FOMC," adding, "If market interest rates return to recent average levels, an additional rise of about 15 to 20 basis points is expected."
He noted that the U.S. bond market will try to quickly confirm the normalization of the U.S. economy in the second quarter (with stimulus visibility, vaccine distribution completion, and deferred consumption demand expansion). The 10-year U.S. Treasury yield may rapidly reach the 1.75% to 2.00% level, and market tension is expected to continue.
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