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Yesterday (24th), the domestic KOSPI 3,000 line finally collapsed.

Private investors still bought stocks, but stock prices fell sharply as foreigners and institutions continued to sell them, as well as bad news from China.



Reporter Kim Jung-woo reports.



<Reporter> As



the sales volume of foreigners and institutions poured out, the KOSPI plunged 2%, giving it 3,000.



It is the second 3,000 line collapse after breaking through the first 3,000 on the 7th of last month.



Even though individuals collected more than KRW 550 billion, they were unable to bear the selling tax of foreigners and institutions.



Amid the bull market that has continued since the end of last year, the stock price burden has risen, and bad news from China has affected.



The Shanghai Composite Index fell 2% amid fears that the Chinese government will tighten up and recover the money released by the market, and the Hang Seng Index plunged nearly 3% on news of the Hong Kong government's announcement of an increase in the stock exchange tax.



[Lee Kyung-min / Daeshin Securities Investment Strategy Team Leader: Stocks and industries that have led the Chinese stock market to rise sharply.

As the Chinese market fell sharply, I think that the trend of decline in domestic stocks and net selling by foreigners continued.]



There is still anxiety about the rise in US Treasury yields.



Since the spread of the Corona 19 vaccine has raised expectations for an economic recovery, inflation and bond interest rates not only in the US but also in other countries are rising.



It is an analysis that reflects the concern that if the domestic interest rate also rises, the money released to the market may be recovered and adversely affect the stock price.



Fed Chairman Powell said at a Senate hearing that it would maintain its current zero interest rate and easing monetary policy, the US stocks were somewhat stabilized, but Asian stocks were stunted by the emerging bad news from China.



Experts predicted that the domestic stock market, which rose steeply, could enter a temporary correction for the time being.