[3-Min Brief] Number of 30s Choosing Porsche Greatly Increased in Incheon

[3-Min Brief Plus 3-Second Summary]
Incheon Yeonsu-gu, Effect of Large Corporation Relocation
17 Minutes to Gangnam, GTX Housing Prices Stirring
Bitcoin Fluctuates Amid Rising Government Bond Yields

Two-line News

[3-Min Brief] Number of 30s Choosing Porsche Greatly Increased in Incheon

Porsche Taycan Turbo S

■ Oil and Gas Stocks Fluctuate During Wars and Conflicts, but Profits Remain Flat
○ Domestic petroleum companies raise prices, but raw material purchase costs also increase
○ Gross profit margins show little variation... Caution advised when speculative funds cause stock prices to surge
☞Read more: https://m.asiae.co.kr/article/2023101213522824430

■ "17 Minutes to Gangnam Starting Next April"…House Prices Rise Along GTX Lines in Dongtan and Pangyo
○ Apartment prices near stations on the GTX-A line (Suseo~Dongtan), opening next April, hit record highs
○ GTX-C line passing through Uijeongbu also expected to start construction within the year, bringing a 'tailwind' to the real estate market
☞Read more: https://m.asiae.co.kr/article/2023101216252077590

■ Gold Prices Struggling to Rally, Will War Trigger a Rebound? China Has Been Buying for 10 Months Straight
○ Gold prices, pressured by a strong dollar, rebound amid Israel-Palestine conflict
○ However, uncertainties remain over war developments and US monetary policy, prompting calls for caution
☞Read more: https://m.asiae.co.kr/article/2023101117550062019

■ Retail Investors Uneasy as Inverse ETFs Decline Amid Secondary Battery Stocks’ Rebound
○ LG Energy Solution’s strong performance fuels positive sentiment for secondary battery-related stocks
○ Inverse ETFs benefiting from secondary battery stock weakness see deteriorating returns
☞Read more: https://m.asiae.co.kr/article/2023101216483493891

■ Bitcoin Prices Fluctuate with US Treasury Yield Changes…What’s the Correlation?
○ When treasury yields rise, cryptocurrencies tend to fall, but the relationship is not clear-cut
○ Rising interest rates have generally dampened investor sentiment in virtual assets
☞Read more: https://m.asiae.co.kr/article/2023101117111134218

MARKET INDEX

○ Slightly higher-than-expected CPI leads three major indices to close slightly down
○ Investors closely watch developments in the Israel-Hamas conflict
○ Middle East risks persist, but international oil prices fall amid a sharp rise in crude inventories
☞Read more: https://m.asiae.co.kr/article/2023101305393813056

MARKET INDEX 2: Where Are Import Car Owners in Their 40s Most Concentrated?

○ Among those under 40 who bought imported cars costing over 100 million KRW this year, Gangnam, Seocho, and Yeonsu-gu in Incheon rank highest

○ Yeonsu-gu in Incheon also shows the highest growth rate in car owners, increasing 527% over five years

○ Thanks to large corporations like Samsung, Hyundai, and POSCO, the area has many young, high-income workers

Graphic News: Is Price Decline Necessarily Harmful to Battery Companies?

○ Global battery cumulative production surges; price decline is a 'foreseen future'
○ Not necessarily bad for manufacturers…demand rises with electric vehicle adoption
○ Beware of oversupply from China…short-term burden on battery companies
☞Read more: https://m.asiae.co.kr/article/2023101207313160222

Terms in the News: Hamas and Hezbollah

The image shows Hamas militants photographed in Lebanon in 2001.
[Photo by AP Yonhap News]

○ Hamas is an anti-Israel political and military organization originating in Palestine
○ Hezbollah is a Shia militant group in Lebanon, supported by Syria and Iran
○ Both groups aim for the destruction of Israel and have clashed militarily multiple times
☞Read more: https://m.asiae.co.kr/article/photonews/2023101214022781837

Today's Key Schedule

○ Domestic
-Official launch of Apple iPhone 15 in Korea

○ Overseas
-10:30 China Producer Price Index (September)
-10:30 China Consumer Price Index (September)
-12:00 China Q3 Export-Import Performance Announcement
-19:00 US IMF Meeting
-22:00 Speech by US FOMC Member President Harker
-22:00 Speech by Eurozone ECB President Lagarde
-IMF and WB Annual Meetings (until 15th in Marrakech, Morocco)

◇ Lunch & Commute Weather

○ Lowest Temperature 13℃ (2℃▲) ｜ Highest Temperature: 20℃ (2℃▼)
○ Precipitation Probability Morning 20%｜Afternoon 20%
○ Fine Dust Morning Good｜Afternoon Good