KOSPI collapsed at 2600… U.S. stock market crash
Bitcoin plummets to the $30,000 mark
5 out of 6 presidential inauguration days KOSPI↓
On the morning of the 10th, employees are working in the dealing room of Hana Bank’s main branch in Jung-gu, Seoul. [이미지출처=연합뉴스]湲 蹂肄
[아시아경제 허미담 기자] On the first day of inauguration of President Yoon Seok-yeol, the financial market is fluctuating. As the US stock market plummeted on fear of a rate hike, the domestic stock market and virtual currency market are also struggling. In a bear market, investors are complaining of anxiety and are thinking about ways to minimize losses.
On the 10th, the domestic stock market was showing a decline due to the sharp drop in the New York Stock Exchange last night. The KOSPI index, which was above 3000 at the beginning of this year, fell below the 2,600 level on the same day, and is unable to avoid a slump. especially on this day At 10 am, it was recorded at 2558.33, down 53.05 points (2.03%) from the previous day. This is the lowest level of the year, lower than 2591.53 during the intraday on January 28, which was the lowest level of the year, and the lowest level since November 2020.
Earlier, the three major New York stock indexes closed lower on the 9th (local time) due to concerns about inflation and economic slowdown. The Dow Jones Industrial Average closed at 32245.70, down 653.67 points (1.99%) from the previous day. The Standard & Poor’s (S&P) 500 index fell 3.2% from the battlefield to 3991.24. The Nasdaq index plunged 4.29% to close at 11623.25.
The virtual currency market, including Bitcoin, is also falling day after day. On the same day, Bitcoin collapsed by more than 55% from its peak in November last year, crashing by $30,000 for the first time since July of last year.
Some investors are complaining about the decline in the domestic stock market. Photo=Online community screen capture.湲 蹂肄
Investors are increasingly concerned about this situation. In online communities related to domestic and foreign stocks and virtual currencies, “I can’t use my hands because the stocks are falling so much. Is it right to leave it alone. How long will it fall? I want to”, “Isn’t the stock market supposed to rise at the inauguration ceremony due to the anticipation of the new government? I invested, but it’s miserable”, “I can’t do stocks. I’m just losing money.” Articles certifying the person’s negative rate of return were also seen everywhere.
Jeong Mo (26), an office worker living in Mapo-gu, Seoul, has long stopped investing due to the high volatility of virtual currency. Jung said, “The value of virtual currency changes frequently, so it is too risky.” “A few years ago, there were quite a few acquaintances who invested in virtual currency, but these days they don’t seem to be doing well. I think it’s because I’m still worried because I’m fluctuating,” he said. “I stopped investing in virtual currency at the end of last year,” she added.
Some even said that they would hold on until the losses were recovered. Another office worker, Mr. Kim (27), said, “After investing in the OTT platform, It is urgent to make up for the loss due to being bitten. I will hold on and once the principal recovers, I will sell everything immediately and put my hands on the stock for the time being.”
Meanwhile, since the creation of the KOSPI in 1983, most presidents experienced a decline in stock prices on the day of their inauguration. Looking at the KOSPI fluctuations on the days of inauguration of past presidents, ▲Kim Young-sam ?2.56% ▲Kim Dae-jung ?4.53% ▲Roh Moo-hyun ?3.90% ▲Lee Myung-bak 1.34% ▲Park Geun-hye ?0.46% ▲Moon Jae-in ?0.99%. The only time the stock market rose on the day of the inauguration was when former President Lee Myung-bak (February 25, 2008) rose 1.34% from the previous trading day.
Reporter Mi-dam Heo [email protected]
Source: 아시아경제신문 실시간 속보 by www.asiae.co.kr.
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