As [South Korea nine hyerin financial newspaper reporter] Constitutional Court quoted the impeachment of former President Park Geun-hye now it enters the political situation in the early presidential election phase. The presidential election is 60 days prior to chirwoya of May 09, after the impeachment decision. In the interest of investors is uncertainty in the market outlook and investment strategy ssolrigo. Experts say the impact this event will have on domestic politics and the stock market is insufficient, and external events that are waiting in anticipation that it would act as a downward pressure on the KOSPI. Investment strategy focuses on policy-related stocks were advised of the presidential candidates.
Daishin Securities yigyeongmin researchers have domestic political uncertainty impact on the KOSPI index, citing the impeachment dwaeteuna mitigation assessment were limited. But rather it kept the benchmark KOSPI band (2000 ~ 2100p) presented in early March.
The researchers 'political events rather than internal and external economic situation and monetary policy issues such as this would have a greater impact on the stock market, said,' next scheduled FOMC meeting (the 15 days local time), the Netherlands general election (15th), American global issues such as the debt limit (15 days) during the negotiations explained that the decision to build hyangbae the KOSPI.
Past the inflection point which was found in a historical situation that proves it. In 2004 and impeached President Roh Moo-hyun dismissed the impeachment decision last year, the Brazilian stock market rose after the great influence of external factors rather.
The researchers said "the KOSPI and daemanga Volume Index Brazil Bovespa and the fact that the Russian RTS index and the same trajectory shows that the political issues of the country Does not a key factor in the stock market flows, '' This impeachment cited also in the Kospi I think momentum is likely to be low, "he said.
On the other hand, a policy of regime change in expectations and hopes that the supreme leader will flow into the stock market is no greater judgment. Therefore it recommended that the presidential candidates to focus on policy-related stocks. KOSDAQ-conscious small and mid-caps and local variables is also expected to escape from the slump in the meantime.
Yigyeongmin researchers cited the Chinese exposure is low with four naesuju car industry plays in policy-related stocks. He explained, "Looking at the commitment of leading presidential runner mentions the stimulus to domestic demand enabled the common 'said,' consumer sentiment was suppressed on political uncertainty is likely to be recovered, combined with policy expectations. On the other hand, the share price is expected to lead to positive changes in the related small and mid-caps because they offer the fourth industrial revolution as a means to support their respective candidates for the sluggish employment and industrial and energy.
The division number of sheets when SK Securities handaehun Institute (domestic political uncertainty that) had passed the first hurdle, said, "high foreign event of uncertainty in the following weeks, but gotta number expected, got out of short-term adjustments to the surrounding market environment, good should look at it as an opportunity, he said.
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