Fiscal Deficit Reaches 88.3 Trillion Won Through August... Second Largest on Record [3-Minute Brief]

[At a Glance]
① Government fiscal deficit reaches 88.3 trillion won from January to August... second largest on record
② 'Gold premium' soars as investors pour funds into gold ETFs
③ Number of Financial Supervisory Service retirees in their 30s and 40s doubles... combined impact of stagnant salaries and benefits

MARKET INDEX : Year to date

○New York Stock Exchange falls across the board amid concerns over regional bank instability

○Treasury prices surge as investors flock to safe-haven assets

○JP Morgan's Jamie Dimon warns of a 'cockroach effect' in bank failures

Top3 NEWS

■ Fiscal deficit reaches 88.3 trillion won from January to August... second largest on record

○Cumulative monthly managed fiscal balance records a deficit of 88 trillion won
○Second largest since the pandemic
○Impact of the full-scale implementation of the second supplementary budget

■ Spot gold ETF expands by 1 trillion won amid soaring gold prices... How far will the 'gold premium' go?

○ETF up 48% since September as gold hits record highs
○Domestic gold prices now 18% higher than international market prices
○Warning of potential losses during the process of resolving the 'gold premium' for those chasing the rally

■ [Exclusive] "Average annual salary is 100 million won, but I can't endure it" Number of Financial Supervisory Service retirees in their 30s and 40s doubles

○Number of retirees increases every year
○Salaries and benefits remain stagnant, and mindsets have also changed
○Impact from last month's government organizational restructuring plan

Graphic News: Supreme Court ruling eases SK's liquidity risk... business restructuring gains momentum

○"It was a mistake to calculate the division ratio based on the recognition of Roh Tae-woo's slush fund contribution"

○Legal uncertainty remains... possibility of readjustment in the remand trial

○Group's large-scale investment plans also put on hold

the Chart: Bank technology credit lending rebounds... increases by 2.2 trillion won in September alone

○Largest monthly increase so far this year

○Influenced by a shift toward productive finance and the total household loan cap regulation

○"Need to reduce false demand and foster outstanding companies concurrently"

Today's Key Schedule

○Domestic

○Overseas

01:00 US Crude Oil Inventories

02:00 US Atlanta Fed GDPNow (Q3)

15:45 Speech by Mauderer of the German Bundesbank

18:35 Speech by Bank of England MPC member Pill

21:30 US Average Hourly Earnings (MoM) (September)

21:30 US Non-Farm Payrolls (September)

21:30 US Unemployment Rate (September)

21:30 Canada Foreign Securities Purchases (August)

22:15 US Industrial Production (MoM) (September)

◇Lunchtime & Commute Weather

○Lowest temperature: 17°C(0°C) ｜Highest temperature: 24°C(▲1°C)
○Chance of precipitation: 20% in the morning｜60% in the afternoon
○Fine dust: Good in the morning｜Good in the afternoon

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