[3-Minute Brief] Low-Spec Semiconductors Also Not Sold to China

[3-Min Brief 3-Second Summary]
US "Low-Spec AI Chips Also Banned from Export to China"
South Korea, Concerned About Low Inflation, Not High Inflation
Morgan Stanley "Stock Market Rally Coming"

Two-line News

■ US "Low-spec AI chips also banned from export to China"… Semiconductor stocks plunge on additional measures
- Strengthened semiconductor export controls to China… Nvidia and others see stock price drops
- Korean companies not producing AI chips are not directly affected
☞Read more: https://m.asiae.co.kr/article/2023101800450369346

■ ING "Korea faces low inflation, not high inflation… due to declining potential growth rate"
- Korea's inflation rate expected to fall from 3.7% annually to 1.7% by the year after next
- Seoul real estate demand remains solid… housing prices likely to continue rising

https://m.asiae.co.kr/article/2023101615513804428

■ iPhone 15 sales sluggish in China… Huawei and Xiaomi thrive
- iPhone 15 recording lowest sales ever in China
- Decline in product demand due to China's economic slowdown is the cause

https://m.asiae.co.kr/article/2023101709592227233

■ Morgan Stanley predicts US stock market rally despite prolonged Israel-Palestine war
- "Growth slowdown concerns exist, but a Q4 rally is expected"
- Defensive stocks, growth stocks, and energy stocks recommended for investment

https://m.asiae.co.kr/article/2023101709485170712

■ Employees receive stock options worth 170 million KRW each… Millie's Library
- Stock options granted to employees in six rounds
- Employees expected to gain profits exceeding 1400%

https://m.asiae.co.kr/article/2023101711152543454

MARKET INDEX

- US retail sales in September rose 0.7% month-on-month, contrary to expectations
- New York stock market rises on strong retail sales data, government bond yields increase
- US bans export of low-spec AI chips to China… tech stock sentiment worsens

https://m.asiae.co.kr/article/2023101805305690941

MARKET INDEX 2: Losing weight but stock prices rise?

- Eli Lilly's diabetes drug 'Mounjaro'
- Research shows it is effective for weight loss
- Stock price surges on the news… hits 52-week high

https://m.asiae.co.kr/article/2023101709251708602

Graphic News: Battery Industry's 'Cathode Material Bottleneck'

- Battery cathode material companies' earnings growth expected to slow in Q3 this year
- Prices of raw materials like lithium and nickel continue to fall… lithium price down 72%
- Profits decrease as raw materials bought at high prices are sold at low prices

https://m.asiae.co.kr/article/2023101707142501062

Terms in the News: Xi Jinping's 'Belt and Road Initiative'

- A land and maritime Silk Road aimed at revitalizing the economies of China and neighboring countries
- Core strategy to realize the 'Chinese Dream' proposed by Chinese President Xi Jinping
- Over 150 countries participate, but some like Sri Lanka are burdened with debt

Today's Key Schedule

○ Domestic
- 18th: KOSDAQ Purit listing, confirmed public offering price 10,700 KRW
- 18th-19th: KOSDAQ Qualitas Semiconductor public subscription, expected public offering price 13,000-15,000 KRW
- 18th: Pre-subscription for public housing 'New Home' (Hanam Gyosan, Ansan Jangsang, Gunpo Daeyami, Namyangju Jinjeop 2, Guri Galmae Station Area, Incheon Gyeyang)

○ Overseas

- 11:00 China Q3 GDP
- 15:00 UK September CPI
- 18:00 Eurozone September CPI
- 23:00 US September building permits
- 23:30 US September crude oil inventory

◎One-line comment: US crude oil inventory affects overall petroleum product prices. It is an important indicator to gauge inflation outlook.

◇Lunch & Commute Weather

○ Lowest temperature 11℃(▲4℃) ｜ Highest temperature: 21℃(▲2℃)
○ Precipitation probability morning 20%｜afternoon 20%
○ Fine dust morning good｜afternoon good

3 minutes is OK, essential time - cost-effective economic news. Published daily at 8 AM.

This content was produced with the assistance of AI translation services.