Foreigners' intensive selling of semiconductors, the main driver of the Corona V rebound, has begun to signal the economic downturn.
Prior to a foreign securities company's notice of a downgrade of Korean semiconductors, the DRAM spot price was $4.23 yesterday (12th), down after $4.86 on the 8th of last month.
The continued decline in DRAM spot prices seems to mean that the surge in IT demand, which led Korea's Corona V rebound, has ended and is on a downward trend.
The decline in Korean semiconductor stocks is attributable to a sharp drop in the price of memory semiconductors for PCs.
Samsung Electronics, which foreign investors intensively sell and individual investors intensively buy, fell 15.4% on the 13th from its January high, while SK Hynix fell 32.3%.
Foreign investors net sold 3.325 trillion won from the 5th to the 12th, the starting point of the decline in Samsung Electronics' stock price, and net sold SK Hynix 1.84 trillion won.
Hong Kong securities firm CLSA announced on the 9th that it recommended selling Samsung Electronics and SK Hynix from 'buy' to 'underweight' on the 9th, and Morgan Stanley of the US reported on 'Memory, Winter is Coming' on the 11th. It could go on until next year.”
Foreigners' selling trend, centered on semiconductors, has recently increased, and they are net selling more than 1.36 trillion won on the 13th at 203.2 billion won on the 9th, 637.6 billion won on the 10th, 1.621.5 trillion won on the 11th, 1.884.2 billion won on the 12th.
Individual investors bought foreign shorts and countered the selling of 4.54 trillion won in the overall stock market and 4.447 trillion won in the KOSPI alone for four consecutive days, and responded with 6.538.4 trillion won in the KOSPI and 7.4718 trillion won including the KOSDAQ net buying for five consecutive days. However, stocks fell sharply.
The Korean stock market rebounded sharply and more than doubled due to the strengthening of credit investment (bit2) by individual investors (ant) due to the V-rebound policy of the government and securities companies.
The national debt per capita exceeded 13 million won in February 2018, 14 million won in November 2019, 15 million won in June 2020, and 18 million won on August 13, 2021, the National Assembly Budget Office announced.
The national debt per capita was 2.37 million won in 2000 to 12.12 million won in 2016, and increased by 5.88 million won from 2017 to the present under the Moon Jae-in administration with the 'debt economy revitalization' policy, increasing by an annual average of 1.27 million won, and it increased intensively after the Corona V rebound. .