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The end of the presidential election bad news? Stimulation of the “risk preference phenomenon”
For the time being, “ weak dollar ” foreigners are likely to flock
LG Chem “beneficiary BBIG” share price rise forecast
US President-elect Joe Biden raises his hands as his wife, Jill Biden, observes a victory speech in Wilmington, Delaware on 7 (local time). yunhap news
The presidential election of Democratic Party candidate Joe Biden is predominantly predicted that the domestic financial market will have a “hot wind” for the time being. As the presidential election results, which were an unstable factor in the global financial market, are revealed on the surface, the investment sentiment, which was showing anticipation, will regain vitality. In particular, there is a high possibility that large funds will flow into the Asian stock market, which is considered a parent country for Corona 19, while the dollar is expected to weaken for the time being.
2,400 Kospi landed to purchase foreign storms
According to the financial investment industry on the 8th, the domestic stock market has stabilized at the 2,400 level over the past five consecutive trading days. The electoral process for the US presidential election continued to suffer, but the political anxiety factors of the presidential election were overwhelmed and the atmosphere showed stability and vitality.
In the securities industry, an active investor buying trend is expected to flow in the future. In particular, experts agree that there is a high possibility of overseas purchases entering the KOSPI. As the results of the US presidential election became clear, the phenomenon of “risk preference” among global investors increased.
In fact, the number of shares that foreigners have bought online from KOSPI since the 3rd year was 1.93 trillion won. This is in contrast to the rapid decline in the share of domestic stocks selling 390 billion won last month.
Depreciation of the dollar … Does the amount of world money go to Korea?
If the Biden administration takes office and pulls out the stimulus card in earnest, the inflow of global funds should accelerate. When economic stimulus measures become a reality, US government spending (issuance of government bonds) increases and the decline of the dollar (value of the won) may continue. On the 6th, the won-dollar exchange rate in the Seoul exchange market already ended at 1,120.4 won, reaching the lowest point of the year (1,125.1 won).
The environment of “weak dollar and strong win” is seen as a factor that can flow into global passive funds aimed at foreign exchange gains in the domestic stock market. Samsung Securities researcher Seo Jeong-hoon said, “In East Asia, including Korea, various international organizations are highly regarded for their growth prospects through efficient control of the Crown.”
With the level of pressure on China likely to be eased slightly by Biden’s government, the weak dollar should continue for now. Oh Chang-seop, a researcher at Hyundai Motor Securities, said: “There is a high possibility that the dollar will weaken in the next year’s global economic recovery.”
On the afternoon of the 6th, the dealers are working in the Hana Bank sales hall in Jung-gu, Seoul. News 1
“Thanks Biden” … BBIG gets up
The opening of the Biden era is expected to have a significant impact on the topography of the national stock market. First of all, the demand for investment could plummet towards industries that Biden previously announced to invest, such as the green, renewable energy and bio industries.
Biden has pledged to invest $ 2 trillion in eco-friendly businesses over the next four years and a whopping 2,200 trillion won in Korean money. As soon as he took office, President Donald Trump announced his intention to return to the Paris agreement on climate change. Indeed, green stocks such as Hanwha Solutions, a solar energy company, and CS Wind, a wind energy company, showed strong strength at the same time.
The “BIG (drums, bio, Internet, games)” stocks, which have recently been slow, are attracting attention again. According to the Korea Exchange, on the 6th, the ‘KRX BBIG K-New Deal Index’ closed at 2,891.55, up 32.05 points (1.12%) from the previous day. It has been on the rise for 5 consecutive days since 2, the day before the US presidential election.
This index is △ rechargeable battery (LG Chemical, Samsung SDI, SK Innovation) △ Bio (Samsung Biologics, Celltrion, SK Biopharm) △ Internet (Naver, Kakao, The Biz On) △ Game (NCSoft, Netmarble, Pearl Abyss)), etc.
Notably, with the increase in the possibility of mandatory sales of electric vehicles by the Biden government, the share price of “ three battery companies ” such as LG Chem, Samsung SDI and SK Innovation has increased on average by more than 14% compared to the end of last month. Kim Seong-geun, researcher at Korea Investment & Securities, said: “Although the Republican Party dominates the Senate, the political strength of the Biden administration may weaken, but the direction towards eco-compatibility itself will be maintained.”
However, the re-proliferation of Corona 19, which was covered up by the presidential election event, is still a huge variable that can hold back the global stock market. Experts explain that since Trump’s lawsuit against the presidential election has not completely resolved the uncertainty of the presidential election, the possibility of amplifying the confusion in the short term should also be considered.
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