🙂 February 5th Economy and Web3
✅ Domestic Stock Market: Foreign investors panic sell by 5 trillion won and the index falls below the 5,000 level
🟢KOSPI Closing Status: 3.86% drop from the previous trading day to the upper 4,900s, breaking the psychological support level of 5,000
🟢Foreign investors net sold approximately 5 trillion won, the largest amount ever on a single trading day, putting significant pressure on the index
🟢Causes of the Decline: The controversy over the overvaluation of AI on the New York Stock Exchange and the plunge in major semiconductor stocks, including AMD, spread to the domestic semiconductor sector
✅ Samsung Electronics: 1,000 trillion won market cap is returned in one day, putting the 160,000 won mark at risk
🟢Stock Price Status: Closes at 163,100 won, down 3.55% from the previous trading day
🟢The Paradox of Market Cap: Samsung Electronics' Market Cap Share With a 24% decline in major stocks, the decline is a systemic risk that drags down the entire index.
🟢Future Outlook: Expectations for foundry orders from big tech companies like Tesla remain high, but in the short term, it will be difficult to avoid the impact of earnings guidance adjustments by US tech stocks.
✅ Greenland Tripartite Talks Results: Agreement on "Unlimited Access" Instead of "Merger"
🟢Negotiation Results: The US, Denmark, and Greenland announced the "Greenland Framework." Denmark maintains territorial sovereignty, but grants the US unlimited access and exclusive mineral development rights.
🟢Market Reaction: While the extreme scenario of annexation was avoided, the officialization of US-led development of the Arctic has led to increased volatility in related infrastructure stocks.
🟢Key Issue: Geopolitical tensions are rising again as the installation of the US's next-generation missile defense system, the "Golden Dome," becomes more visible.
✅Web3 & Asset Markets: Bitcoin Tests Support at 100 Million Won Mark amid Tech Stock Selloff
🟢BTC Flow: Hit by the Nasdaq Shock, Currently Pushed to Near 107 Million Won
🟢Coupling: As risk aversion intensifies, the "coupling" phenomenon, where tech stocks and Bitcoin decline together, is intensifying.
🟢Investor Sentiment: After settling above $100,000, the index has experienced its largest correction, causing a surge in the fear index of retail investors.
✏️First, The stock market was in a festive mood until yesterday, but it's completely cooled down in just one day. It's truly unusual for foreigners to dump 5 trillion won into stocks, so rather than blindly buying them because they're "cheap," it seems like it's time to avoid the downpour and wait and see. If Samsung Electronics breaks below 160,000 won, it could take some time to recover to the 5,000 level. Also, keep an eye on whether Bitcoin falls below 100 million won. I recommend waiting until the weekend to open an account and instead spend time with your family.
