Gangnam Apartment Prices Turn Down After 31 Weeks [3-Minute Brief]

[3-Min Brief 3-Second Summary]
① Germany envies France's 'pro-business environment'
② US corporate bonds gain on tightening expectations
③ The Order of the British Empire awarded to Blackpink

MARKET INDEX

- Closed on the 24th for the US New York's three major stock exchanges due to Thanksgiving holiday
- Closed higher near flat on expectations of interest rate freeze the previous day
- Apartment prices turned flat after 19 weeks of rising trend
- Gangnam-gu transaction prices turned down after 31 weeks, analyzed as "adjustment phase"

TOP 3 NEWS

■ Germany envies France's 'pro-business environment'... "Reversed after 10 years"

- Increased investment attraction in France due to President Macron's pro-business policies
- France places bureaucrats with corporate experience and utilizes subsidies
- Evaluations say the 'Eurozone growth engine' role has shifted from Germany to France

■ US corporate bonds gain on expectations of Fed tightening end

- $16 billion inflow last month... highest in 3 years
- Thanks to expectations that the Fed tightening cycle has ended
- Especially, 70% of inflows went to high-yield junk bond funds

■ 'Gopbeoseu' dollar FTF surges betting on dollar decline amid strong dollar

- Dollar inverse leveraged ETFs yield high returns due to dollar weakness
- Dollar, which rose to 1,360 KRW last month, recently fell to the 1,200 KRW range
- Recently, the dollar is weak in the international market, while the stock market turned strong

Graphic News: Growing burden of national budget deficit

- Next year's national tax revenue 361.4 trillion KRW... 6 trillion KRW lower than forecast
- Both next year's nominal and real growth rates expected to decline
- Experts say "Need to check additional change factors rather than relying on prior forecast assumptions"

the List : Intensifying competition in the ETF market

- ETFs exceeding 100 trillion KRW market size, competition among asset management companies intensifies
- No.1 Samsung Asset Management, No.2 Mirae Asset Global Investments hold overwhelming lead
- Based on 3-month returns, KB Asset Management and Hanwha Asset Management have three products in the top 10

Term in the News: 'Order of the British Empire'

[Image source=Yonhap News]

- King Charles III of the UK awarded the Order of the British Empire to BLACKPINK
- Awarded only if recognized for significant contributions to the British Commonwealth
- BLACKPINK recognized for their work as ambassadors promoting the climate change agreement

Today's Key Schedule

○ Domestic
- 10:00 Government ministries' Special Committee on Fine Dust
- 10:30 Ministry of Land, Infrastructure and Transport, Party-Government meeting for youth home ownership
- 14:00 Financial Supervisory Service, meeting to enhance fairness and trust in the IPO market

- Hanseon Engineering / Public offering price 7,000 KRW
- Green Resource / Public offering price 17,000 KRW
- Partial ski resorts in Pyeongchang, Gangwon Province open

○ Overseas
- US Black Friday
- 08:30 Japan Consumer Price Index (October)
- 16:00 Germany Q3 GDP
- 18:00 ECB President Lagarde speech
- 23:45 US Markit/Manufacturing/Services PMI

◇ Lunch & Commute Weather

○ Lowest temperature: -5℃(▼14℃) ｜ Highest temperature: 2℃(▼12℃)
○ Precipitation probability: Morning 0%｜Afternoon 0%
○ Fine dust: Morning Good｜Afternoon Good

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.