Yun Jun 'Three Rate Cuts'... US Stock Market Hits 'All-Time High' [3-Minute Brief]

[3-Min Brief 3-Second Summary]
① Japan Has Twice as Many Securities Watchdog Investigators as Korea
② China Has Effectively Frozen Its Benchmark Interest Rate
③ "The Wind Blows Again" Bio ETF Rises

MARKET INDEX

- US New York Stock Exchange's three major indices all closed higher
- FOMC maintains outlook for three rate cuts this year
- Federal Reserve significantly raises US GDP growth forecast

Top3 NEWS

Han Jong-hee, Vice Chairman of Samsung Electronics.
Photo by Yonhap News

■ Han Jong-hee, Vice Chairman of Samsung Electronics: "We will faithfully implement shareholder returns despite difficulties"

- 55th Samsung Electronics shareholders' meeting held
- 13 executives at president level attended in large numbers
- Emphasis on dividend of 9.8 trillion KRW and shareholder returns

■ Japan has twice as many securities trading surveillance investigators as Korea

- Established in 1992 based on the US SEC system
- Acts as the grim reaper of Japan's capital market
- Uses communication record checks and account tracking for investigations

■ People's Bank of China effectively keeps benchmark interest rate unchanged... cautious mode amid economic recovery

- After largest cut in 5-year loan prime rate, now slowing pace
- Decision based on improved economic indicators in January and February
- However, risks remain due to weakness in real estate and other assets

the list : Bio ETF returns ↑

- Bio ETF returns rose 20-30% over about a month
- Expectations for major cancer society conferences likely boosted returns
- Hopes for US rate cuts in the second half also had a positive effect

Money-Making Law

■ "Concerns over disruption of medical appraisals due to resident doctors' resignation crisis"

- Delays in handling medical cases negatively affect trial speed
- Long-term unresolved medical cases may be further delayed... trial periods increase
- Some courts increased medical appraisal fees and introduced new provisions
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024032015003520196

■ Internet disclosure ban on personal information of sex offenders living near homes under the Juvenile Protection Act is 'legal'

- Ban on sharing personal information of sex offenders near homes is 'legal'
- "Purpose aligns with preventing infringement of sex offenders' personality rights"
- Personality rights take precedence over public interest... "balance of legal interests maintained"
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024032015023843440

■ 'Presiding Judge Trial Division' in operation for a month... three long-term unresolved cases scheduled for ruling

- 'Presiding Judge Trial Division' where court chief directly handles trials
- Normalized within a month of launch... increased handling of old cases
- Skilled presiding judges accelerate case processing
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024032015051070496

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

Terms in the News: Gold, Bitcoin, and Stocks All Rise, 'Everything Rally'

- Phenomenon where prices of almost all assets rise simultaneously
- Breaks the inverse correlation between gold, Bitcoin, and stocks
- Stock markets, centered on the US and Japan, hit all-time highs

Today's Key Schedule

○ Domestic
- 21st: KOSDAQ Samhyeon listing, offering price 30,000 KRW

- Incheon e-Pyeonhansesang Geomdan Ecovista (AA29)
- Chungbuk Hillstate Eoullim Cheongju Sajik
- Gyeonggi SI Palace Olympic Park
- Gyeongnam Sammun Sydney Cher Welga

- Gwangju Bongsan Park Cheomdan Jeil Punggyeongchae
- Busan Naengjeong Station Vista Dongwon (Phase 1)

- Seoul Gyeonghuigung Yubora

○ Overseas
- 03:00 US interest rate decision
- 03:30 FOMC press conference
- 06:00 Brazil interest rate decision
- 06:45 New Zealand Q4 GDP
- 08:50 Japan February trade balance
- 09:30 Australia February unemployment rate

- 18:00 Eurozone March composite Purchasing Managers' Index (PMI)
- 18:30 UK March composite PMI
- 21:00 UK March interest rate decision
- 21:30 US initial jobless claims
- 22:45 US March composite PMI

◇ Lunch & Commute Weather

○ Lowest temperature 0℃(▼1℃) ｜ Highest temperature: 11℃(▲1℃)
○ Precipitation probability: morning 20%｜afternoon 10%
○ Fine dust: morning moderate｜afternoon moderate

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