[3-Minute Brief] How Low Will It Go? The Bottomless Yen Depreciation

[3-Min Brief 3-Second Summary]
Short-Term Deposit Preferring Yetec Joks
Work Unstoppable Amid Weak Yen
'ARM' Targeting Intel PC Empire

TOP 3 NEWS

■ Short Bat Grip Investment Enthusiasts... Surge in New Account Openings

- Increase in 'investment enthusiasts' choosing short-term deposits with maturities under 6 months
- This is due to expectations of further interest rate hikes
- Strategy to maximize interest income amid rising rates

■ "Afraid of Losing to Tesla"... Hyundai Motor Enters Price Competition

- Plans to respond to price cuts by competing electric vehicle makers
- Tesla receiving IRA subsidies triggers price competition
- Signs of slowdown in EV markets in the US, EU, and others

■ Top 5 Banks' Average Annual Salary Per Employee Exceeds 100 Million KRW

- Executives at the top 5 banks earn 200 to 300 million KRW in labor income
- Employee severance pay ranges from 400 million to up to 600 million KRW per person
- 'KB Kookmin' bank has the highest executive income at 380 million KRW

MARKET INDEX

- US three major indices closed higher digesting FOMC results
- Federal Reserve unanimously holds benchmark interest rate at 5.25~5.5%
- Market expects freeze in December as well... indicator trends are key

The chart: All Remedies Useless... Yen Weakening Deepens Despite Bank of Japan Intervention

- Yen weakening deepens despite Bank of Japan's Yield Curve Control (YCC) adjustment
- Market reacted oppositely despite tightening signals... around 151 yen level
- "Bank of Japan's decisions alone have limited ripple effects, a pivot may be necessary"

Graphic News: ARM Targets Intel Empire

- Nvidia joins Apple, Qualcomm, and AMD in developing own PC chips
- PC market has been Intel's stronghold for decades... gradually shaking
- ARM's market share expected to increase to 25% by 2027

Person in the News: Bae Jaehyun, Head of Investment at Kakao

- Kakao's expansion... the group's 'key man' leading mega deals
- Mixed evaluations of his 'competitive spirit'... controversy over SM Entertainment incident
- Transferred to prosecution on the 26th of last month on charges of violating the Capital Markets Act

Today's Key Schedule

○ Domestic
- 08:00 October Consumer Price Index
- 2nd KOSDAQ U2Bio, Eugene Technology IPO
- 2nd~3rd KOSDAQ Aegisland subscription / fixed public offering price 25,000 KRW

○ Overseas
- 20:00 European Central Bank (ECB) Chief Economist Speech
- 21:00 Bank of England (BOE) Interest Rate Decision
- 21:30 US Initial Jobless Claims

◇ Lunch & Commute Weather

○ Lowest Temperature 17℃(▲1℃) ｜ Highest Temperature: 25℃(▲2℃)
○ Precipitation Probability Morning 20%｜Afternoon 0%
○ Fine Dust Morning Moderate｜Afternoon Moderate

OK in 3 minutes, essential time-efficient economic news. Published daily at 8 AM.

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