US: "WTO System Is Over... Trade Order to Be Reorganized with the 'Trump Round'" [3-Minute Brief]

[At a Glance]
① USTR Representative Effectively Declares End of WTO System
② Steven Miran Appointed as New US Fed Governor
③ Global Auto Industry Hit Hard by 'Trump Tariffs'

MARKET INDEX : Year to date

○ All three major New York stock indexes rose together... Nasdaq hits a new all-time high
○ Strong performance by major tech stocks such as Apple
○ Expectations for semiconductor tariff exemptions

Top3 NEWS

■ US: "The WTO system is over... Trade order to be reorganized with the 'Trump Round'"

○ USTR representative emphasizes 'tariffs' and 'protection of manufacturing'
○ "If trade agreements are not honored, higher tariffs will be reimposed"
○ "Strong and firm measures are needed to strengthen the US industrial base"

■ Steven Miran appointed as US Fed governor... 'Pro-Trump' dovish voices to grow louder

○ Trump nominates Miran to succeed Kugler as governor
○ Term runs until January next year... "A formal successor will be nominated separately"
○ With Waller, Bowman, and now Miran... Calls for rate cuts are expected to intensify

■ Trump tariffs cause 16 trillion won in losses for the global auto industry... "Just the beginning"

○ Hyundai Motor, Toyota, and others hit hard by tariffs
○ Top 10 global companies see net profit drop by 25% this year
○ Difficult to respond in the short term with price increases or production relocation

Graphic News: Dentists hire insurance planners to falsify records... Over 100 doctors and others implicated [New Type of Insurance Fraud]

○ A Dental Clinic in Pyeongchon-dong caught recently for dental insurance fraud
○ Doctor, counseling manager, insurance planner, and patients embezzled 300 million won
○ Sibling-run dental clinics exchanged patients to falsify records

the Chart: Invested 1.23 trillion won, only 230 billion won left... Even Bin Salman suffers losses with POSCO E&C

○ Invested about 1.23 trillion won ten years ago... Current value is 230 billion won
○ During the downturn, 'license cancellation review' led to another plunge in OTC share price
○ Continued poor performance and shrinking overseas business are the causes

Today's Key Schedule

○Domestic

KOSDAQ Hanlacast subscription, expected IPO price: 5,100~5,800 won

KOSDAQ Samsung SPAC No.10 subscription, expected IPO price: 2,000 won

KOSDAQ JPI Healthcare subscription, expected IPO price: 20,000 won

KOSDAQ Graphy subscription, confirmed IPO price: 15,000 won

○International

◇Lunch & Evening Commute Weather

○ Lowest temperature: 24°C (0°C) ｜Highest temperature: 29°C (0°C)
○ Precipitation probability: 10% in the morning ｜ 20% in the afternoon
○ Fine dust: Good in the morning ｜ Good in the afternoon

3 minutes is all you need, essential and cost-effective economic news. Published every day at 8:00 AM.

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