Hot Population Giant Stock Market with 'Modi Rally' [3-Minute Brief]

[3-Min Brief 3-Second Summary]
① Top 1% Wealth in US Increased by 2702 Trillion Won
② Complaints About Overseas Direct Purchase 'Ali' Tripled
③ Reality of Inflation Attack... Retail Sales Down 3.1%

MARKET INDEX : Year to date

- Market capitalization of Korea's top 10 conglomerates increased by 50 trillion KRW in Q1
- Low PBR stocks' strength drove the market cap growth
- Bank loan interest rates hit the 4% range for the first time in 1 year and 5 months

Top3 NEWS

[Image source=Yonhap News]

■ "Modi Likely" India Ahead of General Election... Stock Market Rally Expectations

- Sensex surpassed 74,000 at the beginning of the month
- Hit an all-time high then paused briefly
- Possible rebound if Modi wins a third term

■ Q4 Last Year: Top 1% Wealth in the US Increased by 6 Quadrillion KRW... Up 270.2 Trillion KRW

- Wealth of the rich increased with stock market rise
- Half of individual stocks held by top 1%
- Accounts for about 30% of total US wealth

■ Overseas Direct Purchase Consumer Complaints Up 136%... AliExpress Complaints Tripled

- Sharp increase in consumer complaints on international transactions
- Impacted by rise in AliExpress-related complaints from China
- Most complaints about 'cancellation delays and refusals'

Graphic News: 'Inflation Assault' Realized... Retail Sales Plummet

- Retail sales declined in food, beverages, cosmetics, etc... down 3.1%
- Largest drop in 7 months since July last year (-3.1%)
- Ministry of Economy and Finance: "Retail sales rose in the past two months... adjustment expected"

the Chart: Without 'Professional Visa'... Talent May Flow Out of the US

- Economic organizations demand increase in H-1B visa quota in the US
- Could lead to increased risk of domestic talent moving overseas
- Concerns over engineers leaving US local companies if visa renewals fail

Terms in the News: Cocoa Price Exceeds $10,000 per Ton, 'Chocoinflation' Emergency

- Price of cocoa, the raw material for chocolate, rises
- Easter 'chocolate eggs' become more expensive
- Impact of African crop diseases and adverse weather

Today's Key Schedule

○ Domestic

- 09:00 March Trade Balance
- 09:00 Nikkei March Manufacturing Purchasing Managers' Index

○ Overseas
- 08:50 Japan Q1 Large Single-Unit Manufacturing Index
- 10:45 China March Manufacturing Purchasing Managers' Index
- 15:00 UK House Price Index
- 22:45 US March Manufacturing Purchasing Managers' Index

- 23:00 US March Manufacturing Buyers Index
- 23:30 Canada Business Outlook Survey Bank

◇ Lunch & Commute Weather

○ Lowest temperature 3℃(▼2℃) ｜ Highest temperature: 18℃(▲1℃)
○ Precipitation probability Morning 0%｜Afternoon 0%
○ Fine dust Morning Moderate｜Afternoon Moderate

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