KOSPI Surges Past 3,600 for the First Time Ever [3-Min Brief]

[At a Glance]
1. KOSPI breaks through the 3,600 mark for the first time ever
2. Foreign exchange reserves surpass $420 billion at the end of September... Up for four consecutive months
3. Government pushes for higher education and corporate tax rates... Additional tax payments likely to exceed 1 trillion won

MARKET INDEX : Year to date

○All three major U.S. stock indexes in New York plunged simultaneously amid concerns over a U.S.-China 'tariff war.'

○The Nasdaq dropped by 3.6% as large technology stocks saw a wave of profit-taking sales.

○Trump criticized China's control over rare earth elements, causing investor sentiment to cool rapidly.

Top3 NEWS

■ KOSPI breaks through 3,600 for the first time ever after the holiday... Semiconductor 'two-top' rally

○Samsung Electronics and SK Hynix both hit new record highs
○Sharp rise in the won-dollar exchange rate is a variable
○"AI momentum, expectations for third-quarter earnings and policy... Uptrend continues"

■ Foreign exchange reserves recover to $420 billion... Largest in 2 years and 5 months

○At the end of September, foreign exchange reserves stood at $422.02 billion
○Up $5.73 billion from $416.29 billion at the end of the previous month
○Increase driven by higher investment returns and quarter-end effects

■ Taxes going up, but more investment demanded... Banks in a dilemma

○Education and corporate tax hikes mean banks are expected to pay over 1 trillion won more in taxes next year
○LTV and ELS fines could also exceed 1 trillion won
○Banks must make large-scale investments in productive finance, facing a dilemma

Graphic News: Three companies projected to achieve over 1,000% operating profit growth... Stocks to watch this earnings season [3Q Earnings Preview]

○Companies expected to post over 1,000% operating profit growth

○LG Chem, Hanwha Ocean, and POSCO Future M

○Companies hit by incidents such as hacking may still have a chance to rebound

the Chart: Despite 4 trillion won invested in materials, parts, and equipment support over 5 years, sales are on a downward trend

○4.7 trillion won invested in materials, parts, and equipment R&D over 5 years

○Sales of all materials, parts, and equipment companies declined from 2022 to 2023

○Exports increased over the past 5 years, but the growth rate has stagnated

Today's Key Schedule

○Domestic

○International

12:00 China Exports (YoY) (October)

12:00 China Trade Balance (USD) (October)

20:00 U.S. Construction Spending (MoM) (August)

20:00 OPEC Monthly Report

21:00 Germany Current Account Balance (seasonally unadjusted) (August)

◇Lunch & Evening Commute Weather

○Lowest temperature: 17℃ (▼1℃) ｜Highest temperature: 20℃ (▼3℃)
○Chance of precipitation: 60% in the morning｜80% in the afternoon
○Fine dust: Good in the morning｜Good in the afternoon

Three minutes is all you need: essential, value-for-time economic news. Published daily at 8 a.m.

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