[3-Min Brief] This Week's US Stock Market Depends on These 7 Places

[3-Min Brief 3-Second Summary]
4% Market Share, the Fall of National Portal 'Daum'
'Corona Yeonggeuljok' Still Far from the Light?
US 'Magnificent 7' 3Q Earnings This Week

TOP 3 NEWS

■ "No impact even if it disappears"...The fall of the No.1 portal

- National portal Daum facing life-or-death situation due to declining market share and revenue
- Market share dropped by 1%p in September, annual revenue down by 100 billion KRW
- Lagging behind during each phase of internet business transformation cited as the cause

■ Yen-Dollar exchange rate surpasses 150 yen...Will BOJ revise policy?

- Japan's 10-year government bond yield also reached 0.857% intraday, nearing 1%
- Calls for modification of Yield Curve Control (YCC) policy gaining momentum
- Politically burdensome...Quantitative easing needed to stimulate the economy

■ Record high reached...Fear of 'Orangeflation'

- Global orange juice futures prices hit highest in two years
- Orange juice is a representative raw material used in consumer goods
- Global food ingredient inflation still soaring

MARKET INDEX

- Mixed close as US 10-year Treasury yield surpassed 5% intraday
- Nasdaq, led by tech stocks ahead of big tech earnings announcements, edged up slightly
- Sharp rise in bond yields increases economic burden...Major factor weighing on the stock market

The chart: If you leveraged during COVID...the pain continues

- New mortgage loan rates peaked, but rates for existing borrowers continue to rise
- Interest rate pain for 'COVID leveraged borrowers' from 2020-2021 still growing
- The solution to lower rates for leveraged borrowers is 'refinancing'...Platform planned to open by the end of this year

Graphic News: Why is Hyundai Motor building a car factory in Saudi Arabia?

- Hyundai Motor investing in a car assembly plant in King Abdullah Economic City, Saudi Arabia
- Middle East and North Africa sales hub, aligning with Saudi Arabia's post-oil strategy

- Growing population and increasing female drivers in the Middle East expanding the automobile market

Terms in the news: The 'Magnificent 7' that will decide the direction of the US stock market

- A new term referring to the seven big tech companies leading the US information technology (IT) industry
- Apple, MS, Alphabet (Google), Amazon, Tesla, Meta, Nvidia
- Q3 earnings announcements concentrated this week...A key opportunity to reverse investor sentiment

Today's Key Schedule

○ Domestic
- 23~24 KOSDAQ U2Bio subscription / confirmed public offering price 4,400 KRW
- 23~24 KOSDAQ Eugene Technology subscription / confirmed public offering price 17,000 KRW
- 24~25 KOSDAQ KB No.27 SPAC / expected public offering price 2,000 KRW
- 24 Apartment first priority subscription (Cheonho Station Maestro, Eco Delta City Joongheung S-Class, Dongtan Lake Park Nature & E-Pyeonhansesang)

○ Overseas
- 17:00 Eurozone October Manufacturing & Services Purchasing Managers' Index (PMI)
- 21:30 Eurozone ECB President Lagarde speech
- 22:45 US October Manufacturing & Services PMI

◇ Lunch & Commute Weather

○ Lowest temperature 12℃(▲1℃) ｜ Highest temperature: 19℃(▼2℃)
○ Precipitation probability morning 60%｜afternoon 60%
○ Fine dust morning moderate｜afternoon moderate

3 minutes is enough, essential time-efficient economic news. Published daily at 8 AM.

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