"HBM is Too Expensive"... Semiconductor Legend's Sharp Critique [3-Minute Brief]

[At a Glance]
① Divergent US Stock Moves of the Two Major Investment Giants
② "Rising House Prices Hamper Interest Rates" October Rate Cut Speculation
③ The Secret of ‘Dr. Copper’ Predicting Economic Recession

MARKET INDEX

- U.S. New York Stock Exchange's three major indices all rose
- Relief from inflation and retail sales indicators
- Attention on Fed Chair Powell's ‘Jackson Hole Speech’ on the 23rd

TOP 3 NEWS

■ National Pension 'Buying' vs. KIC 'Selling'… Divergent U.S. Stock Moves of the Two Investment Giants

- National Pension increased holdings in M7 across the board
- KIC realized gains on M7 and eyes retail sector
- Newly added AI and Bitcoin beneficiary stocks

■ "Rising House Prices Hamper Rate Cuts"… Rate Cuts Expected Only in October

- Base interest rate at 3.5% per annum… expected to remain unchanged for 13 consecutive times
- "Korean economic conditions do not warrant rate cuts"
- Possibility of preemptive cuts ahead of the U.S. also discussed

■ ‘Semiconductor Legend’ Jim Keller: "HBM is Too Expensive… Cost-Effective AI Solutions Are Key"

- Tenstorrent to launch AI chiplet 'Quasar' next year
- Potential major variable in AI chip market competition
- Collaboration with Samsung Electronics… ongoing R&D projects

the Chart: Is There a Way to Predict Economic Recession?… The Secret of 'Dr. Copper'

- Copper prices used as an economic condition forecasting indicator
- Past price drops coincided with the Great Depression and global financial crisis
- Increased copper usage due to eco-friendly policies reduces predictive power

Money-Making Law

■ Concerns Over ‘All-Stop’ Function if Constitutional Court Chief Justice and Justices’ Successors Are Delayed

- Terms of Constitutional Court Chief Justice and Justices expiring soon… retirement imminent
- Intense ruling and opposition party conflicts… expected difficulties in nominating three 'parliamentary recommended' members
- Possibility of 'justice vacancies' if appointments of three or more are delayed
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024081913554112995

■ Victims of ‘Empty Can Jeonse’ with No Way Out

- Surge in auction listings and villa avoidance… declining bid-to-price ratios for non-apartments
- Interest on bid deposit loans increases burden as auction delays
- Need for damage type surveys and victim relief plans after sales
☞Read article: https://www.asiae.co.kr/article/lawtimes/202408191357202013

■ Related to ‘Eastar Jet Hiring Corruption Poor Investigation’... 3-Month Salary Reduction Disciplinary Action Deemed ‘Unfair’

- National Assembly raised suspicions of police poor investigation… imposed 3-month salary reduction
- Police who opposed salary reduction filed appeal but was dismissed, leading to lawsuit
- Court ruled it is difficult to see negligence in investigation supervision
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024081913590132602

※ 'Money-Making Law,' a content partnership corner between Asia Economy and Law Times, is published every Tuesday and Thursday.

Terms in the News: “I’ve Been There” Differentiation Through Space ‘Space Identity’

Photo unrelated to the article. [Photo by Pixabay]

- Expressing one’s identity through space
- Influenced by internet platforms and COVID-19
- Pop-up stores satisfy ‘spatial experience’

Today’s Key Schedule

○ Domestic

- 06:00 August Consumer Confidence Index

- 20th: KOSDAQ KThreeEye listing, offering price 15,500 KRW

- 20th: KOSDAQ Next Biomedical listing, offering price 29,000 KRW

- Incheon Hillstate Lake Songdo 5th Phase (A15)

- Gyeonggi Icheon Bubal Station Apt

- Chungcheong Asan Baebang Geumpenteurium Central Park (2-A13)

○ Overseas

- 07:45 New Zealand July Trade Balance

- 10:00 China August PBoC Loan Prime Rate

- 15:00 Germany July Producer Price Index

- 18:00 Eurozone July Consumer Price Index

- 21:30 Canada July Core Consumer Price Index

◇ Lunch & Commute Weather

○ Lowest temperature 27℃(▲1℃) ｜ Highest temperature: 36℃(▲2℃)
○ Precipitation probability 10% in the morning｜60% in the afternoon
○ Fine dust Good in the morning｜Good in the afternoon

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.