[Asia Economy Reporter Kwon Jae-hee] As the Shanghai municipal authorities in China announced a full reopening starting June 1, expectations for resolving global supply chain issues are rising, bringing renewed attention to 'reopening'-related stocks.
Global companies such as Tesla, which have factories in China, are scheduled to resume operations in line with the lifting of the Shanghai lockdown, drawing attention to shipping stocks benefiting from the revitalization of logistics supply chains.
According to the Korea Exchange on the 17th, as of 10 a.m., HMM, the largest domestic container shipping-related stock, was trading at 36,000 KRW, up 1.32% from the previous trading day. Pan Ocean has risen for five consecutive trading days and is trading at 7,930 KRW.
With Chinese authorities announcing a whitelist for the resumption of operations for companies in semiconductors and automobiles, shipping stocks are rebounding amid expectations that global supply chain disruptions will ease.
Additionally, cosmetics-related stocks such as Korea Kolmar are also considered beneficiaries of the easing of the Chinese lockdown.
Heo Jae-na, a researcher at DB Financial Investment, forecasted, "From the second quarter, as the Shanghai shutdown issue is resolved, sales volume is recovering, and performance improvement is expected to accelerate in the second half of the year."
Although Shanghai authorities have announced a policy to normalize economic activities, it is estimated that China's growth rate this year will decrease by 0.3 percentage points due to consumption contraction caused by the lockdown in April. Consequently, there are expectations that the Chinese government will introduce economic stimulus measures, which is also anticipated to have a positive effect on the Korean stock market.
Jo So-jung, a researcher at Kiwoom Securities, analyzed, "Once the Shanghai lockdown is lifted, suppressed consumption is expected to rebound significantly."
Park Kwang-nam, a researcher at Mirae Asset Securities, diagnosed, "With the Shanghai authorities announcing a complete lifting of the lockdown starting June 1, the weakened investment sentiment has slightly improved; however, the April real economy indicators were more shockingly low than expected due to the lockdown, raising expectations for strong future consumption stimulus measures."
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