When Stock Prices Fluctuate... National Pension Service Sells Part of Korea Zinc [3-Minute Brief]

Published 01 Nov.2024 08:00(KST)

Updated 19 Jan.2025 11:18(KST)

[At a Glance]
①Mortgage Loan Rates Rise Most in 2 Years
②Samsung Electronics' Facility Investment Hits 56.7 Trillion Won This Year
③"Government Tax Law Reduces Tax Burden on the Wealthy"

MARKET INDEX : Year to date
When Stock Prices Fluctuate... National Pension Service Sells Part of Korea Zinc [3-Minute Brief] 원본보기 아이콘

○ US New York Stock Exchange's three major indices all closed lower
○ Microsoft, Meta, and others reported earnings below expectations
○ September PCE inflation rose 2.1% year-on-year

Top3 NEWS
■ Mortgage loan interest rates rise the most in 2 years
○ September financial institutions' weighted average interest rates
○ Mortgage loan rates increased the most in 2 years
○ Impact of banks raising additional interest rates
■ Samsung Electronics to invest 56.7 trillion KRW in facilities this year
○ Approximately 3.6 trillion KRW increase compared to last year
○ 47.9 trillion KRW in semiconductors, 5.6 trillion KRW in displays
○ Focused R&D on high value-added products
■ National Pension Service sold some shares of Korea Zinc... reducing stake
○ Disposed of 71,766 shares, current stake at 7.48%
○ Likely realized gains as stock price surged
○ Price soared from 500,000 KRW to 750,000 KRW
Graphic News : YEJEONGCHEO "Government tax law significantly reduces tax burden on the wealthy"
When Stock Prices Fluctuate... National Pension Service Sells Part of Korea Zinc [3-Minute Brief] 원본보기 아이콘

○ YEJEONGCHEO analysis of 2024 tax law amendments
○ Total tax burden effect of 19.506 trillion KRW
○ Significant reduction in tax burden for high-income and high-asset individuals

the Chart : September production and consumption turn to decline
When Stock Prices Fluctuate... National Pension Service Sells Part of Korea Zinc [3-Minute Brief] 원본보기 아이콘

○ Production down 0.3%... decline in manufacturing and service industries
○ Facility investment recovering while construction output down 0.1%
○ "Be cautious of domestic and external uncertainties... respond proactively"

Term in the News : Origin of 'Zombie Companies' hindering domestic stock market
[Photo by AI Image]

[Photo by AI Image]

원본보기 아이콘

○ Insolvent companies receiving financial support after Japan's bubble economy collapse
○ Korean companies with interest coverage ratio below 1 for three consecutive years, classified as zombie companies
○ Identified as main culprit obstructing dynamism in domestic stock market

Today's Key Schedule

○Domestic

09:30 October trade balance

1st KOSDAQ Toprun Total Solution listing, offering price 18,000 KRW

1st KOSDAQ Aelux listing, offering price 16,000 KRW


○Overseas

03:30 US Atlanta Fed GDPNow

05:30 US Federal Reserve balance sheet

09:30 Australia Q3 Producer Price Index

10:45 China Caixin October Manufacturing PMI

16:00 UK October Nationwide House Price Index

21:30 US October Nonfarm Payrolls

21:30 US October Unemployment Rate

22:45 US October Manufacturing PMI

23:00 US October ISM Manufacturing PMI


◇ Lunch & Commute Weather
○ Lowest temperature 12℃(▲1℃) ｜ Highest temperature: 19℃(▼3℃)
○ Precipitation probability morning 0%｜afternoon 0%
○ Fine dust morning good｜afternoon good
When Stock Prices Fluctuate... National Pension Service Sells Part of Korea Zinc [3-Minute Brief] 원본보기 아이콘

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