Favorite Stocks of Lawmakers and Bureaucrats Are 'This' [3-Minute Brief]

Published 23 Oct.2024 08:00(KST)

Updated 19 Jan.2025 11:16(KST)

[At a Glance]
① Samjeon Tops in Stocks Held by Lawmakers and Bureaucrats
② Exchange Rate Surges Amid 'Trump Trade'
③ Japan's Annual Corporate Bankruptcies Expected to Exceed 10,000

MARKET INDEX : Year to date

Favorite Stocks of Lawmakers and Bureaucrats Are 'This' [3-Minute Brief]

- US New York Stock Exchange's three major indices closed mixed near flat

- US 10-year Treasury yield surpasses 4.2% for the first time in 3 months

- Focus on corporate earnings... Tesla on the 23rd, Amazon on the 24th

Top3 NEWS

■ Did lawmakers and vice ministers get caught in the '50,000 won electronics' slump? They invested in Samsung Electronics, Apple, and Tesla

- Stocks most held by lawmakers and officials are Samsung Electronics
- Half of the top 10 held stocks are US stocks
- Top individual stock asset holder is Ahn Cheol-soo, People Power Party lawmaker

■ Foreign exchange market swings wildly on Trump trade... Exchange rate hits highest in two and a half months

- Dollar strength clearly rises as Trump's election probability increases
- Concerns over economic uncertainty rise with Trump's re-election possibility
- Investments also pouring into gold and Bitcoin besides the dollar

■ "2320 trillion needed" China's demand for economic stimulus package surges

- China sets this year's economic growth target around 5%
- Some argue that support worth 12 trillion yuan is necessary
- Large-scale stimulus package expected despite debt burden

Graphic News: 'Falling to 3rd place' Kyochon pulls out Byun Woo-seok card... Chicken industry reignites 'star marketing'

- No brand model since actor Lee Min-ho in 2016... Focused on chicken competitiveness

- Lost ranking to bhc Chicken and BBQ... Only one among the big 3 with sales decline last year

- Star marketing revived with Cha Eun-woo for Norang Tongdak, Hwang Jung-min and Shin Yu-bin for bhc

the Chart: Is the Japanese zombie company tsunami becoming reality? Annual corporate bankruptcies expected to exceed 10,000

- 'Zombie companies' surviving on low-interest loans surpass 5,000 bankruptcies in 10 years

- Active corporate funding demand until year-end... Profit bankruptcies likely if unable to raise funds

- Slight interest rate hikes also have fatal impact... Some analyze it plays a positive role in Japan's economy

Terms in the News: 'Low-consumption core', overspending fades and low consumption comes

Collection of videos related to 'Low Power Core' <span>[Photo by TikTok]</span>

Collection of videos related to 'Low Power Core' [Photo by TikTok]

- Generation Z, tired of overspending and luxury goods after COVID-19 pandemic, pursues low consumption

- Trend of reducing consumption by continuously using old items

- Backlash against influencers promoting excessive consumption on social media

Today's Key Schedule

○Domestic

06:00 October Consumer Confidence Index

23rd KOSDAQ Eugene SPAC No.11 subscription, public offering price 2,000 won

23rd KOSDAQ Toprun Total Solution subscription, expected public offering price 12,000~14,000 won

23rd KOSDAQ A-Lux subscription, public offering price 16,000 won

Seoul Jamsil Raemian I-Park

○Overseas

05:30 American Petroleum Institute weekly crude oil inventory

18:30 Germany 10-year Bund auction

22:45 Canada interest rate decision

23:00 US September existing home sales

23:30 US crude oil inventory

◇Lunch & Commute Weather

○ Lowest temperature 11℃(▼4℃) ｜Highest temperature: 16℃(▼2℃)
○ Precipitation probability morning 60%｜afternoon 10%
○ Fine dust morning good｜afternoon good

OK in 3 minutes, essential time-efficient economic news. Published daily at 8 AM.