Import Prices See Biggest Rise in 9 Months on Soaring Exchange Rates [3-Min Brief]

[At a Glance]
1. Import price growth nears 2.0% due to surging exchange rates... Inflation fears reignite
2. "Rising dollar value causes sharp export declines in countries with high dollar-denominated debt"
3. High-dividend ETFs heat up on news of eased separate taxation on dividend income

MARKET INDEX : Year to date

○The repeated "AI bubble" debate in the New York stock market is at a crossroads

○Investors are closely watching Nvidia's earnings next week

○The U.S. September employment report, to be released on the 20th, is also drawing market attention

Top3 NEWS

■ Import price growth rate hits 9-month high... Will consumer price pressures increase?

○Bank of Korea's October export/import price index and trade index (provisional)
○Import prices up 1.9% from previous month, rising for four consecutive months
○This month's simultaneous increase in exchange rates and international oil prices adds pressure on consumer prices

■ "Strong dollar leads to export declines in countries with high dollar-denominated debt"

○Trend has strengthened since 2008
○Global trade is affected by the dollar-based financial structure
○Study: "Financial Channels of Exchange Rates and Global Trade"

■ High-dividend ETFs soar on policy momentum

○Underperformed after policy expectations faded in July
○Stock prices rebounded as policy momentum revived recently
○High-dividend stocks favored as a response to rising volatility concerns

Graphic News: Why K-Bank is struggling amid KakaoBank's sluggish stock price

○K-Bank is pushing for its third initial public offering

○Despite a bullish stock market, the poor performance of peer group KakaoBank is holding it back

○Growth concerns are mounting due to household debt countermeasures, adding to the burden

the Chart: "Productive finance may provide a lifeline to zombie companies"... Reasons for concern

○Concerns that productive finance could delay restructuring of marginal companies

○Failure to restructure marginal companies is hindering economic development

○"Banks need to further advance their corporate loan credit evaluation models"

Today's Key Schedule

○Domestic

KOSDAQ Green Optics listing, final IPO price: 16,000 KRW

KOSDAQ Mirae Asset Vision SPAC No.8 subscription, scheduled IPO price: 2,000 KRW

○Overseas

08:50 Japan GDP (QoQ) (Q3)

08:50 Japan GDP Deflator (YoY) (Q3)

09:01 UK Rightmove House Price Index (MoM)

11:30 Thailand GDP (YoY) (Q3)

17:00 Switzerland GDP (QoQ) (Q3)

19:30 Germany 12-month Bubill auction

22:30 Canada Core CPI (MoM) (October)

22:30 Canada Foreign Securities Purchases (September)

◇Lunch & Evening Commute Weather

○Lowest temperature: 1°C (▼5°C) ｜Highest temperature: 5°C (▼11°C)
○Chance of precipitation: 20% in the morning | 0% in the afternoon
○Fine dust: Moderate in the morning | Good in the afternoon

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