"Should I Have Bought During the Crash?" Chinese Stock Market Rises Again [3-Minute Brief]

[At a Glance]
① Korea Shipbuilding and Shipping Become New Front in US-China Trade Conflict
② Ali and Temu Required to Designate 'Domestic Agents'
③ Singapore's 'One-Pick' Investment in Domestic Stock Market

MARKET INDEX

- US New York Stock Exchange's three major indices closed mixed
- Continued weakness in tech stocks, Nvidia down 1.12%
- US economy shows 'sticky' inflation persistence

TOP 3 NEWS

■ US-China Trade War's 'New Battlefield' in Shipbuilding and Shipping... "Investigation Needed into Unfair Practices"

- Five US labor unions petition for investigation into China's unfair trade practices
- US shipbuilding slump attributed to "China's unfair practices"
- "China artificially lowers prices to dominate the market"

■ Chinese Platform Giants like Ali and Temu Mandated to Designate 'Domestic Representatives'

- Response to controversies over counterfeit (fake) sales and hazardous material imports
- Fair Trade Commission announces consumer protection measures
- Overseas companies without domestic addresses also required to fulfill protection duties

■ Singapore Investment Corporation Picks KOSPI and KOSDAQ as 'One-Pick' Investments... "K-Value Up Effect"

- Singapore Investment Corporation (GIC) acquires over 5% stake in domestic stock market
- GIC, favoring alternative investments, invests directly in domestic stock market
- K-defense 'LIG Nex1', dental 3D printing 'Ray', etc.

Graphic News: Was That the Bottom... China's Stock Market Rises Again

- China's stock market up 20% compared to the extremely weak start of the year
- "Effect of stimulus measures introduced by the Chinese government... further stimulus expected"
- "Variables like the US November presidential election exist"... cautious views on investing in China remain

Money-Making Law

■ First Specification of 'US New York North Korea UN Mission Address' as Delivery Location for Compensation Lawsuit Against North Korea

- North Korean defectors who entered North Korea deceived by Chongryon, filing compensation lawsuits against North Korean government
- Detained in North Korea since 1965... demanding 100 million KRW compensation for human rights violations
- Unlike previous lawsuits against North Korean government, specifies North Korea UN Mission address
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024031315514623899

■ Nexon, Fined 11.6 Billion KRW for 'Item Probability Manipulation', Files Cancellation Lawsuit Against Fair Trade Commission

- Did not disclose probabilities of probability-based items sold in online PC games
- Fined 11.6 billion KRW by Fair Trade Commission... Nexon files cancellation lawsuit
- Claims "Unfair retroactive application as disclosure obligation arose later"
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024031315532638393

■ Supreme Court to Launch 'Court Interpretation Center' in Second Half of Year... Reducing Interpretation Gaps Between Regions

- Ensuring trial rights for migrant foreigners and hearing-impaired individuals
- Based on video interpretation method... interpreters for Chinese, sign language, etc.
- Addresses demand for court interpretation in local courts, reduces service disparities
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024031315550441660

※ 'Money-Making Law', a content partnership corner between Asia Economy and Law Times, is published every Tuesday and Thursday.

Terminology in the News: India Ahead of General Election, Controversy Over 'Citizenship Amendment Act'

- Citizenship Amendment Act (CAA) excludes Islam from its scope... controversy over discrimination
- Opposition parties and human rights groups criticize it as "clearly politically motivated ahead of general election"
- Prime Minister Modi accused of suppressing Muslims to solidify political position

Today's Key Schedule

○ Domestic
- 14th: KOSDAQ Angel Robotics listing / public offering price 20,000 KRW


- Gyeonggi e-Pyeonhansesang Pyeongchon Urban Valley
- Daejeon Seongnam Woomee Lin New City

○ Overseas
- 17:00 Spain February Consumer Price Index
- 20:00 European Central Bank (ECB) Schnabel speech
- 21:00 Brazil January Retail Sales
- 21:30 US February Retail Sales
- 21:30 US Initial Jobless Claims
- 23:00 US January Business Inventories

◇ Lunch & Commute Weather

○ Lowest temperature 1℃(▼3℃) ｜ Highest temperature: 15℃(▲3℃)
○ Precipitation probability Morning 0%｜Afternoon 0%
○ Fine dust Morning Moderate｜Afternoon Moderate

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