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According to clinical results of the Pfizer corona vaccine, on the 10th, the financial investment industry showed a sharp increase in contact stocks rather than undetected stocks. In particular, travel stocks, airline stocks, duty-free stocks, and hotel and leisure stocks were strong, leading the market.
US Stock Market Expands Preference for Risk Assets
Pfizer’s stock price was up 7.69% compared to the 9th (local time) of the previous day. In particular, industries such as aviation and leisure, which were hit the hardest by the Corona 19 pandemic, also increased. In addition, the financial and energy sectors also showed strength as government bond rates and international oil prices rose.
On the other hand, there was a situation in which the stocks of uncontacted people who had benefited so far fell. Over time, the sales openings spread and the Nasdaq fell.
The US stock market rose on positive news related to the development of the Corona 19 vaccine. Pfizer says it will submit an emergency use application to the FDA in the near future. As a result, the financial market’s preference for risk assets expanded in the sense that it showed hopes of ‘getting back to normal in 2021’.
Of course, it is still predicted that it won’t be easy until the second half of next year due to manufacturing and distribution issues. However, it is having a favorable effect because the possibility of a positive vaccine has arisen. However, the fact that there are still many unknowns about this vaccine is expected to act as a burden.
In particular, it is not known whether long-term efficacy persists, how effective it is in critically ill patients, and whether it adequately protects the elderly. Related content is expected to come out when the third clinical trial is completed next month and the data is analyzed.
The US stock market closed on the ninth day (local time), as non-contact-related stocks declined, while travel, auto, airlines, finance and energy increased in the US stock market.
Looking at this for shares, the price of the shares went up compared to the previous day, such as Booking.com 18.75%, Carnival 39.29%, Las Vegas Sands 9.23%, Boeing 13.71%, Delta Air Lines 17.03%, GM 3.98%, TJX 12.90% and SPG 27.87%, respectively.
On the other hand, Netflix -8.59%, Amazon -5.06%, eBay -4.68%, Paypal -8.88%, FedEx -5.68%, Home Depot -5.02%, Blizzard -4.31%, Zoom Video -17.37%, NVIDIA -6.40% , etc. Compared to the previous day, the share price plummeted.
Strong contact stock … Possibility of exchange according to the actions of foreigners.
The same is true of the national stock market. In the case of aviation stocks, which have suffered severe damage from Corona 19, the share price was up 5.91% on the 10th compared to the previous day. Looking at this by category, Jin Air, Korean Air, Jeju Air, and T’way Air in particular were up 11.54%, 11.24%, 11.11%, and 10.00% compared to the previous day, respectively.
Business sectors such as hotels, restaurants and leisure increased 4.32% compared to the previous day. Specifically, Hana Tour rose 9.17% compared to the previous day.
The travel week increased 4.51% compared to the previous day, and Modetour, yellow balloon and good trips increased 6.90%, 6.81% and 6.68%, respectively.
Also, among tax-free stocks, JTC was up 6.33%, Hotel Shilla was up 5.81% and Shinsegae was up 5.56%.
Sang-young Seo, head of the investment strategy team at Kiwoom Securities, said: “Amid the expected strength of contact-related stocks, there will be shifts in the index and the industry outlook based on the stocks of foreigners. “.
Kim Yoo-hyuk, a researcher at Hanwha Investment & Securities, suggested that it is “the biggest beneficiary” and said, “When the transportation of Pfizer vaccines begins, we recommend buying Korean Air shares.
