[3-Min Brief] Big Short Protagonist Says "I Shorted Construction Stocks"

[3-Min Brief 3-Second Summary]
"Avoid Buying Construction Stocks in High-Interest Rate Environment"
Samsung Electronics Q3 Operating Profit 2.4 Trillion Won
Doosan Robotics Rises as Leading Robot Stock

Two-line News

[3-Min Brief] Big Short Protagonist Says "I Shorted Construction Stocks"

One of the main characters in the movie The Big Short is Mark Baum. He is a fictional character based on Steve Eisman, a veteran investor on Wall Street.

■ Movie 'The Big Short' protagonist: "Don't buy construction stocks, you'll get stuck"
○ Steve Eisman, famous as an actual protagonist alongside Michael Burry
○ Advises "Considering interest rates, avoid buying home construction and consumer-related stocks"
☞Read article: https://m.asiae.co.kr/article/2023101115220725034

■ Samsung Electronics Q3 operating profit 2.4 trillion won… First trillion-won 'surprise' this year
○ Clear improvement from 600 billion won level in Q2… Exceeds market expectations by 30%
○ Semiconductor losses reduced, mobile and display sectors estimated to perform well… Sales 67 trillion won
☞Read article: https://m.asiae.co.kr/article/2023101110342340326

■ August current account surplus for four consecutive months… but a 'recession-type surplus'
○ Surplus of 4.81 billion USD… Imports down 21%, exports down 7%, goods balance surplus for 5 months
○ Cumulative current account surplus until August is less than half of the same period last year
☞Read article: https://m.asiae.co.kr/article/2023101110193652136

■ Doosan Robotics rises rapidly as the leading robot stock
○ No.1 in domestic sales, No.4 globally… Possible to turn profitable as early as next year
○ Short-term performance slowdown inevitable in the second half due to increased economic uncertainty
☞Read article: https://m.asiae.co.kr/article/2023101013172432120

■ 'Largest remodeling project in Gangbuk' Namsan Town nears establishment of association after twists and turns
○ Located in Sindang-dong, Jung-gu, Seoul; integrated promotion committee to hold association establishment general meeting on the 28th
○ Construction company selection next year, large firms interested… Remodeling regulation tightening is an obstacle
☞Read article: https://m.asiae.co.kr/article/2023101115421486171

MARKET INDEX

○ New York stock market rises for the fourth consecutive day amid falling government bond yields… Nasdaq up 0.7%
○ Producer prices stronger than expected but weaker than the previous month
○ Market focuses on the US Consumer Price Index (CPI) to be released next month
☞Read article: https://m.asiae.co.kr/article/2023101205233134807

MARKET INDEX 2: When will '90,000 electronics' happen?

○ Stock price rose 2.71% as quarterly operating profit recovered to 'trillion-won level' for the first time this year
○ At one point during trading, rose 4.52% seeming to head towards '70,000 electronics' but gave back slightly
○ "Signs of DRAM stirring since September… Rebound expected as bottom recognition spreads" forecast
☞Read article: https://m.asiae.co.kr/article/2023101117133146170

Graphic News: Speed of national debt increase, Moon administration ranks first

○ Moon administration ranks first in speed of national debt increase, growth rate lowest since 1998
○ Analysis by administration since DJ government… National debt growth rate sharply declined under Yoon
○ Moon administration increased government spending but faced growth limits… Park administration showed good inflation indicators

☞Read article: https://m.asiae.co.kr/article/2023101107305793690

Person in the News: Hamas secret commander 'Mohamed Deif'

Mohamed Daif.
Photo by SDP Noticias

○ Known as the planner and architect of the Israel-Hamas clashes
○ Famous for designing and manufacturing Hamas's weapon, the 'Qassam rocket'
○ Tactical characteristics of Deif are said to be evident in this airstrike as well
☞Read article: https://m.asiae.co.kr/article/2023101109200816849

Today's Key Schedule

○ Overseas
-15:00 UK GDP (August)
-21:30 US Consumer Price Index (September)
-21:30 US Initial Jobless Claims
-US Secretary of State visits Israel and Jordan
-NATO Defense Ministers Meeting (Brussels, Belgium)
-World Bank and IMF Annual Meetings (Marrakech, Morocco)

◇Lunch & Commute Weather

○ Lowest temperature 11℃ (1℃▼) ｜ Highest temperature: 22℃ (1℃▲)
○ Precipitation probability 0% in the morning｜0% in the afternoon
○ Fine dust Good in the morning｜Good in the afternoon