Despite Government Regulations, Housing Outlook Index Hits Four-Year High [3-Min Brief]
[At a Glance]
① "Housing Price Outlook Index Surges by 10 Points... Highest in Four Years"
② Foreign Investors Drive KOSPI Rally... Purchased 5 Trillion Won This Month
③ Despite Economic Downturn and High Inflation... Home Appliance and Fast Food Brands Outperform
MARKET INDEX : Year to date
○ The three major New York stock indexes once again hit record highs
○ Optimism about AI and expectations for big tech earnings
○ Nvidia rose 5%, reaching an all-time high
Top3 NEWS
■ "Expectations for Higher Home Prices Hit Four-Year High... Surpassing June"
○ October Housing Price Outlook Index: 122
○ Surged to the level of the 2021 'panic buying' period
○ "Prices have returned to pre-June 27 policy levels"
■ Foreign Investors Usher in KOSPI 4000 Era and Push Samsung Electronics to 100,000 Won
○ Foreign investors drive 'KOSPI 4000' and 'Samsung Electronics at 100,000 Won'
○ Net purchases of 5.8 trillion won in KOSPI this month
○ Purchased 5.1 trillion won of Samsung Electronics during the same period
■ Home Appliances Outperform Despite Economic Downturn, Fast Food Stands Out in Service Sector
○ National Brand Competitiveness Index: 61 industries, 222 brands
○ Average score fell to 75.0 points, down from last year
○ Home appliances such as TVs, smartphones, kimchi refrigerators, washing machines, and air conditioners performed well
Graphic News: Ethylene Cuts Cause Ripple Effects... Petrochemical SMEs Face Raw Material Supply Crisis at NCCs
○ Parallel production of basic feedstocks... 90% of partners are SMEs
○ Chemical companies receiving feedstocks like propylene express "supply concerns"
○ Discussions on restructuring industrial complexes gain momentum... No support measures for upstream companies
the Chart: Voice Phishing Scams Impersonating Institutions Increase Sixfold in Five Years
○ Damages from 'institution impersonation' scams surged sixfold over the past five years
○ 'Institution impersonation' scams are more sophisticated than loan fraud and messenger phishing
○ Experts: "Stronger preemptive coordination among ministries and agencies is needed"
Today's Key Schedule
○Domestic
○International
14:00 Japan Household Confidence (October)
17:00 Spain GDP (QoQ) (Q3)
19:30 Germany 10-Year Bund Auction
21:30 US Goods Trade Balance (September)
21:30 US Retail Inventories Excluding Autos (September)
22:45 Canada Interest Rate Decision
23:30 US Crude Oil Inventories
Hot Picks Today
"Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Don't Throw Away Coffee Grounds" Transformed into 'High-Grade Fuel' in Just 90 Seconds [Reading Science]
- Signed Without Viewing for 1.6 Billion Won... Jamsil and Seongbuk Jeonse Prices Jump 200 Million Won in a Month [Real Estate AtoZ]
- "Groups of 5 or More Now Restricted"... Unrelenting Running Craze Leaves Citizens and Police Exhausted
- "Even With a 90 Million Won Salary and Bonuses, It Doesn’t Feel Like Much"... A Latecomer Rookie Who Beat 70 to 1 Odds [Scientists Are Disappearing] ③
◇Lunch & Evening Commute Weather
○ Lowest temperature: 5℃ (▲3℃) | Highest temperature: 17℃ (▲5℃)
○ Precipitation probability: 20% in the morning | 0% in the afternoon
○ Fine dust: Good in the morning | Good in the afternoon
Three minutes is all you need for essential, cost-effective economic news. Published daily at 8 a.m.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.