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The major indexes in the New York stock market closed higher last weekend with rising US employment indicators and expectations of US and China trade negotiations. The S & P 500 rose seven consecutive trading days to date. The longest continuous rise since October 2017. The Dow Jones Industrial Average rose 1.91%. The Standard & Poor’s 500 index rose 2.06 percent, while the Nasdaq composite index rose 2.71 percent.

The rise of the stock market seems to be due to the influence of the US non-farm new employment index in March. Concerns over the possibility of an economic slowdown have narrowed as new employment has improved in March.

In addition, the prospect that the US-China trade conflict has entered into a reconciliation atmosphere is predominant.

US President Donald Trump said, “The talks with China have been very successful,” he said. “We will not expect to see whether negotiations will be concluded.” President Trump said he would meet with China’s deputy prime minister Liu Hsia earlier in the day, saying, “We are close to concluding negotiations,” he said.

There was no visible content, such as the announcement of the dates of the summit talks between the US and China, but the optimistic outlook was maintained with the progress of the negotiations between the two leaders.

Seo Sangyoung, a researcher at Kiwoom Securities, said, “The indicator of the economic slowdown, which was the subject of the stock market last month, appears to be resolved. It is expected to be triggered by public disclosure of the US Federal Open Market Committee (FOMC)

It also positively suggests that the ECB is likely to address aggressive stimulus policies.

“However, as earnings forecasts are constantly downgraded in some Korean companies, including Samsung Electronics, the stock price index will rise and the rise will be limited due to valuation burden,” he added.

On the same day, the stock market showed a general uptrend by industry. Textiles, apparel, transportation warehouses, transportation equipment, electric gas, chemicals, pharmaceuticals, and retailing were strong, while banking, securities, machinery, electricity and electronics were weak.

Foreign investors net purchases of 275.9 billion won, while individuals and institutions sold net sales of 103.1 billion won and 173.9 billion won, respectively. Program sales were worth 174.2 billion won.

Of the top market cap, Hyundai Motor, LG Chem and Celltrion rose to 1%, while POSCO, Samsung Bio Logics and LG H & H rose. However, Samsung Electronics, whose earnings shock was expected, and SK Hynix, which is suffering from semiconductor slump, dropped.

In the securities market, 428 stocks rose and 397 stocks dropped.

The KOSDAQ rose 0.21 points, or 0.03 percent, to close at 751.92.

The KOSPI closed up 7 consecutive trading days on the back of last-minute foreign buying.

The KOSPI closed up 0.99 points (0.04%) to close at 2210.60.

The stock market, which opened 8.05 points higher at 2217.66, showed strong rally at the beginning of the day. Individual and institutional investors continued to sell their stocks and fell below 2210 to turn out to be unfavorable. However, foreign investors recovering from the investment sentiment showed strong buying activity and succeeded in flipping the last minute.

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The major indexes in the New York stock market closed higher last weekend with rising US employment indicators and expectations of US and China trade negotiations.

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