Buffett, Who Targeted a Japanese General Trading Company, Truly the Investment God [3-Minute Brief]

[3-Min Brief 3-Second Summary]
① Seoul Semi-Industrial Area Floor Area Ratio Eased to 400%
② China’s BYD Beats Tesla, Now Challenges Supercars
③ Japan and EU Economies Sluggish... Stock Prices Keep Rising

MARKET INDEX

- US New York Stock Exchange's three major indices closed mixed near flat
- Awaiting economic indicators such as Personal Consumption Expenditures (PCE)
- Inflation-related indicators likely to influence investor sentiment

Top3 NEWS

[Image source=Yonhap News]

■ Warren Buffett's Japan investment 3 years ago hits the mark... "S&P returns 8 times higher"

- Invested in Japanese general trading companies in 2020, 3 years ago
- 8 times the return of the S&P 500 during the same period
- Successful bet on the Japanese stock market which had fallen into recession

■ Floor area ratio in Seoul's semi-industrial zones relaxed up to 400%... Yeongdeungpo and Guro among beneficiaries

- 82% of Seoul's semi-industrial zones concentrated in the southwest area
- Floor area ratio for multi-family housing relaxed, ordinance revision expected within the year
- Gimpo Airport innovation district also targeted for designation within the year

■ Chinese BYD beats Tesla, now launching supercar priced around 300 million KRW

- Targeting supercar market including Ferrari and Lamborghini
- BYD Yangwang U9, high-performance vehicle with 0-60 mph in 2.36 seconds
- Aiming to improve margins with profitable luxury cars

Graphic News: One in three newlywed couples choose 'Bali'

- Bali is the top preferred travel destination for newlyweds at 42.1%
- 2 to 3 times higher than Hawaii (19%) and Maldives (13.6%)
- Honeymoon package booking rate: 4 out of 10 couples book Bali

the Chart: Economy sluggish, stock prices at peak... What’s happening in Japan and the EU?

- Despite sluggish economies, stock prices in Japan and the EU soar
- Semiconductor-focused stock markets reach all-time highs
- Japanese stock market expected to continue strong unlike Europe

Company in the News: 'Figure AI' attracting investments following OpenAI

[Photo by FigureAI Homepage Capture]

- Figure AI, invested in by Amazon founder Jeff Bezos
- Develops AI-based robots that look and move like humans

- AI-based autonomous operation and control enable human-like manipulation

Today's Key Schedule

○ Domestic

○ Overseas
- 00:00 US February CB Consumer Confidence Index
- 01:30 US Atlanta Fed Q1 GDPNow
- 06:30 US Weekly Crude Oil Inventories by American Petroleum Institute
- 09:30 Australia Q4 Building Completions
- 10:00 New Zealand Interest Rate Decision
- 22:30 US Q4 GDP
- 22:30 US January Goods Trade Balance
- 22:30 US January Retail Inventories excluding Autos

- 22:30 Canada Q4 Current Account Balance
- 23:00 European Central Bank (ECB) speech by President Lagarde

◇ Lunch & Commute Weather

○ Lowest temperature 2℃(0℃) ｜ Highest temperature: 10℃(▲1℃)
○ Precipitation probability morning 30%｜afternoon 30%
○ Fine dust morning good｜afternoon good

3 minutes is enough, essential time-efficient economic news. Published daily at 8 AM.