[3-Min Brief] Samsung Electronics Cuts Deficit, Rebounds Expected in Q4?

[3-Min Brief 3-Second Summary]
Samjeon, Semiconductor Deficit Scale Improves
Memory Market Leading Indicator 'Spot Price'
Power of Yeongkkeul... Real Estate Doubles in 12 Years

TOP 3 NEWS

■ Samjeon Posts 'Trillion-Won' Profit but... Semiconductor Deficit of 3.75 Trillion Won

- Q3 operating profit of 2.43 trillion won, performance recovery
- Solid performance in other sectors... semiconductor deficit persists
- Deficit size improving... expectations due to production cuts

■ World Bank: "Oil Prices Could Rise to $150 Due to Israel War"

- Oil prices rose about 6% after Israel-Hamas conflict
- No change in prices of other raw materials like agricultural products and metals
- If conflict spreads, oil prices could surge up to $157

■ 'Commoners' Soju' Chamisul Wholesale Price to Rise Nearly 7%

- HiteJinro to raise soju product prices from November 9
- Price hike decided due to rising raw material costs and overall expense pressures
- Plans to prepare win-win measures to reduce consumer burden

MARKET INDEX

- New York stock market closed higher while watching the two-day FOMC meeting

- All three major stock markets declined throughout October, marking three consecutive months of losses

- The benchmark interest rate expected to be held steady at 5.25~5.5% at the FOMC

The chart : Semiconductor Industry Leading Indicator ‘DRAM Spot Price’

- Memory semiconductor leading indicator 'DRAM spot price'

- Because it captures the price upcycle earliest

- Hit the year's lowest point in early September, then gradually rebounded

Graphic News: The Power of 'Yeongkkeul', Real Estate Doubles While GDP Rises 1.6 Times

- Nominal GDP rose 1.63 times from 2010 to 2022

- Meanwhile, housing market capitalization increased 2.05 times, much higher

- Reveals Korea's dependence on real estate market... household debt risk also rises

Person in the News: ‘He Lifeng’ Who Holds Full Control Over China’s Economy

- Director of the General Office of the Communist Party Central Financial and Economic Affairs Commission

- Xi Jinping’s 'key strategist' who designed the Belt and Road Initiative

- First official public appearance... expected to lead overall economy

Today's Key Schedule

○ Domestic

- 09:00 October trade balance

- Day 1 KOSDAQ Contac, BI Matrix, Megatouch, Qurocell public subscription

○ Overseas
- 10:45 China Caixin Manufacturing Purchasing Managers' Index (PMI)

- 23:00 US ISM Manufacturing PMI

- 23:00 US Department of Labor Job Openings and Labor Turnover Survey (JOLTs)

◎ One-line comment:

Major US employment indicator. Recently, if it exceeds expectations, it is paradoxically interpreted as a 'high interest rate' signal causing stock market declines.

◇ Lunch & Commute Weather

○ Lowest temperature 16℃(▲4℃) ｜ Highest temperature: 23℃(▲2℃)
○ Precipitation probability morning 60%｜afternoon 20%
○ Fine dust morning moderate｜afternoon moderate

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