US Magnificent 7 Market Cap Surpasses China [3-Minute Brief]

[At a Glance]
①Is the Tesla Cybertruck Vulnerable to Rain?
②Korean Pharmaceutical Companies Also Challenge 'Cancer Vaccines'
③Japan's Nikkei: Reasons for the Best Boom in 30 Years

MARKET INDEX

- US New York Stock Exchange's three major indices all declined
- Nvidia's earnings concerns weigh on tech stocks
- US tech stocks trading at a price-to-earnings ratio around 30 times

Top3 NEWS

■ "The 'Magnificent 7' as a national-level financial power... Surpassing even China's market cap"

- Major US tech stocks known as the 'Magnificent 7'
- Combined market cap comparable to China's stock exchanges
- Exercising 'financial influence on the scale of a nation'

■ "Rusting after rain"... Tesla truck owners of 133.59 million KRW shocked

- Surface corrosion complaints draw attention
- Only two and a half months since delivery at the end of last year
- Tesla explains it is dust rust, not a body issue

■ Domestic venture investment fell 12.5% to 11 trillion KRW last year... Recovery expected in the second half

- 2023 venture investment at 11 trillion KRW, fund formation at 13 trillion KRW
- Weak first half but recovery trend in the second half
- Increased compared to 2020, growth trend maintained

Graphic News: 'Cancer vaccines' previously only abroad... Korean pharmaceutical companies also enter the race

- Boosting immunity to treat cancer and prevent recurrence... aiming for 'therapeutic vaccines'
- Dendreon in the US is the only cancer vaccine, but commercialization struggles have hindered growth
- Vaccine market energized after COVID-19... Domestic vaccine market growing rapidly

the Chart: Why is Japan's Nikkei index booming?

- 58.5% of 207 listed Japanese companies reported earnings surprises
- Expectations that the Bank of Japan will continue its accommodative monetary policy
- Efforts to enhance corporate value and positive corporate responses also contributed

Term in the News: Japan's 'LignoSat' scheduled for launch this summer

- Ultra-small wooden satellite about 10cm in length, width, and height, weighing 330g
- Produced by NASA to enhance the sustainability of Japan's spaceflight
- Will burn up in the atmosphere after mission completion... aiming to reduce space debris

Today's Key Schedule

○ Domestic
- 06:00 March Manufacturing Business Survey Index
- 06:00 January Producer Price Index
- 21st KOSDAQ Yuanta No.15 SPAC subscription / public offering price 2,000 KRW
- 21st KOSDAQ SK Securities No.11 SPAC subscription / public offering price 2,000 KRW

○ Overseas
- 08:50 Japan January Trade Balance
- 09:30 Australia Q4 Wage Price Index
- 16:00 UK January Public Sector Net Debt
- 22:30 Canada January New Housing Price Index
- 22:55 US Redbook Retail Sales Index

◇ Lunch & Commute Weather

○ Lowest temperature 3℃(▲3℃) ｜ Highest temperature: 5℃(▼4℃)
○ Precipitation probability morning 90%｜afternoon 90%
○ Fine dust morning good｜afternoon good

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