Many items soared in the overnight market, and the futures index also hit its upper limit.
(When semiconductor prices were beaten, and now that semiconductors are expensive, Apple is talking about buying CXMT memory from China and raising device prices. It's a shame that Apple is going down ㅎㅎ)
The reasons for the surge include:
- The liquidation of leverage investments in the AI sector by the firm "Sentimental Awareness" may have also played a role,
- But the bigger impact seems to be due to US economic indicators. The endlessly rising US dollar exchange rate plummeted today, reversing course.(This level of decline is unprecedented recently.)
The US Q2 GDP growth rate was significantly (0.6%p) lower than the expected 2.1%, at 1.5% + PCE prices were in line with expectations
-> Expectations for a US interest rate cut soared (As "Tolamf" wished, the Fed's prospect of cutting interest rates sooner than expected has been strengthened)
-> Decline in US Treasury yields -> Weakening of the dollar -> Dollar selling
(As a result, sharp decline in the won-dollar exchange rate, and also a sharp decline in the yen-dollar exchange rate)
-> Preference for risky assets such as stocks + Good earnings from MS and Amazon -> Nasdaq and Philadelphia Semiconductor Index soared
* Favorable conditions for KOSPI
1. Sharp decline in the won-dollar exchange rate: It fell by 142 won from 1560 on July 1st to 1418 in just one month, and is continuing to decline.
Foreigners' burden due to the exchange rate may have been significantly eased.
Moreover, with plans to raise interest rates further this year and next year, Samsung's mega project underway, and Samsung buying back its own shares for performance bonuses, it is likely to fall further.
2. Today, the basic margin requirement for 'buy' orders in single-stock leverage products was increased to KRW 30 million -> The turnover rate is expected to decrease significantly.
Yesterday, I saw that the single-stock "Gopbus" had a turnover rate exceeding 800% during trading hours. Even 100% is high, but this figure is unprecedented. It's really a short-term trading paradise;;;
If the US economic recovery is confirmed, it seems possible that the stock market trend will turn upward until the indicators improve. I hope so...
I think KOSPI could rise significantly today if there are no individual trades, short-term trading, or group inverse surfing. (Please ㅠㅠ)
Usually, it doesn't rise as much as US semiconductors, but considering the recent decline in KOSPI, I hope it will rise more than 10%. (Sandy disk is up 26% ㄷㄷ)
Postscript. When the tide comes in, they say to lower your boat, so I think it would be best to buy back Samsung's own shares when KOSPI turns upward. If you do this quickly, your ant favorability will increase by 1000% ㅎㅎ
