[뉴스초점] 코스피 변동성에 개미 '빚투'…마통 대출 급증 / 연합뉴스TV (YonhapnewsTV)

[Guest: Kim Kwang-seok, Adjunct Professor at Hanyang University] The stock market is exhibiting characteristics of a roller coaster. Although the KOSPI rebounded strongly in just one day, overcoming the shock of a sharp decline, market anxiety has not subsided. In this situation, concerns are growing as "debt-financed investment"—investing using personal credit loans—has surged. We will examine the details with Kim Kwang-seok, an adjunct professor at Hanyang University. [Question 1] Let's start by looking at the US New York stock market overnight. Semiconductor stocks, which had successfully rebounded the day before, showed significant weakness. What do you think is the reason behind the semiconductor rebound reversing in just one day? Is the correction in tech stocks not over yet? [Question 2] These days, it is said among stock investors that they "go back and forth between heaven and hell several times a day." Both the KOSPI and KOSDAQ, which plummeted on "Black Monday," showed signs of recovery yesterday with a surge. Considering the situation in the New York stock market overnight, how do you expect the market trend to unfold today? **** [Question 3] Some analysts suggest that the recently introduced leverage products have amplified volatility, leading to increased instability. There are even criticisms that the stock market has been turned into a gambling den. How significant do you think the impact of leverage products is on KOSPI volatility? [Question 4] Anxiety is growing amidst these recent sharp fluctuations. In particular, the KOSPI 200 Volatility Index (VKOSPI), often referred to as the Korean fear index, has surpassed 90 for the first time in history. How should investment strategies be formulated in such a situation? [Question 5] If so, shouldn't we be cautious about investing with borrowed money through excessive leverage or margin trading? [Question 6] Aside from the forced liquidation of invested loan funds, the burden of the loans themselves is also growing. With market interest rates rising and the Bank of Korea effectively signaling a benchmark interest rate hike, bank lending rates are rising day after day. Should we view this as a significant risk that the market will contract further in the future? [Question 7] Despite the Middle East crisis, our economy recorded a higher-than-expected growth rate thanks to the semiconductor boom. There are also expectations that per capita national income will reach $40,000 this year. However, the problem is that many voices point out a significant discrepancy between these economic indicators and the actual economic conditions felt by the public. Why is this the case? [Question 8] Meanwhile, attention is focused on discussions regarding real estate taxation as President Lee emphasized at his first-anniversary press conference that while he would hold onto properties for actual residence, he would not tolerate speculative housing ownership. Given the emphasis on the principle of actual residence, reforms to capital gains tax and property holding tax are being cited as potential solutions. Will these plans be implemented as proposed? [Question 9] There are concerns that if tax reforms are implemented as planned, a "lock-up" of properties on the market could occur, increasing market instability. What supplementary measures should be prepared alongside these reforms? ▣ Subscribe to Yonhap News TV's documentary channel 'Docu-Digging'    / @docu-digging   ▣ Subscribe to Yonhap News TV YouTube Channel    / @yonhapnewstv23   ▣ The Beginning of Korean News, Yonhap News TV / Yonhap News TV http://www.yonhapnewstv.co.kr/