Convenience Stores Benefit from Consumer Coupons... Improved Q3 Earnings [3-Minute Brief]

[At a Glance]
① Consumer coupons drive strong sales... "Big Two" convenience stores see soaring revenue
② Cathie Wood lowers bullish Bitcoin outlook by 20%... "Losing ground to stablecoins"
③ October agri-food and agricultural exports hit a record $11.24 billion

MARKET INDEX : Year to date

○ Eight major AI companies on the New York Stock Exchange lost a combined market capitalization of 800 billion dollars.

○ Nasdaq suffered its worst week in seven months since 'Liberation Day.'

○ There is also a possibility of a healthy correction... November is historically a strong month.

Top3 NEWS

■ The two giants of convenience stores recover from negative growth in the first half... "Consumer coupons and structural improvements drive results"

○ Thanks to consumer coupons, the big two convenience store chains saw improved third-quarter earnings.
○ GS Retail recorded an operating profit of 111.1 billion won in the third quarter, up 31.6% year-on-year.
○ BGF Retail posted an operating profit of 97.7 billion won, up 7.1%.

■ Bitcoin optimist 'Money Tree Sister' abruptly changes tune... "Lost its role, outlook downgraded"

○ Cathie Wood lowered her bullish outlook on Bitcoin by 20%.
○ "Stablecoins are spreading rapidly... replacing Bitcoin."
○ "Bitcoin's role as digital gold remains"... maintains a long-term optimistic view.

■ Instant noodles lead, health supplements follow... 'K-Food+' exports up 5.7% this year

○ Riding the Korean Wave, K-Food exports surpassed 11.2 billion dollars.
○ Ministry of Agriculture, Food and Rural Affairs releases October K-Food+ export status.
○ K-Food up 5.0%, agricultural industry up 7.8%.

Graphic News: "If the monthly average reaches 9.1 billion dollars, the outlook will be exceeded" Record current account surplus, remaining challenges

○ The current account balance is expected to reach a record high thanks to the semiconductor boom.
○ If the monthly average in the fourth quarter exceeds 7.4 billion dollars, the 2015 record will be broken.
○ The Bank of Korea stated, "The semiconductor supercycle continues... November outlook revised upward."

the Chart: KOSPI falls below the 4,000 mark again... renewed concerns over the U.S. AI bubble

○ KOSPI fell below the 4,000 mark due to renewed concerns about an AI bubble.
○ Technology stocks weakened as Nvidia and AMD plunged.
○ KOSDAQ also turned weak amid institutional selling.

Key Schedule Today

○Domestic

KOSDAQ CMTX subscription, planned public offering price: 51,000 to 60,500 won

○Overseas

08:50 Japan foreign exchange reserves (USD) (October)

09:30 Australia building approvals (MoM) (September)

12:00 Indonesia consumer confidence index (October)

19:00 Spain consumer confidence index (October)

23:00 France 1-year BTF government bond auction

◇Lunch & Commuting Weather

○Lowest temperature: 5°C (▼6°C) ｜Highest temperature: 12°C (▼5°C)
○Precipitation probability: 10% in the morning｜10% in the afternoon
○Fine dust: Moderate in the morning｜Good in the afternoon

Just 3 minutes, essential and cost-effective economic news. Published daily at 8:00 a.m.

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