Democratic Party's Landslide Victory... Will 'Coin ETF' Introduction Accelerate? [3-Minute Brief]

[3-Min Brief 3-Second Summary]
① Japan's record low yen in 34 years
② Last year's national budget deficit of 87 trillion won
③ 'Legacy semiconductors' also affected by US-China dispute

MARKET INDEX

- US New York stock market's three major indices closed mixed
- Producer Price Index met expectations

- Investor sentiment eased, tech stocks continued to rise

Top3 NEWS

■ Bitcoin Spot ETF Introduction Likely to Accelerate…Taxation as Scheduled

- Democratic Party landslide victory...Expectations for easing virtual asset regulations
- However, financial authorities remain skeptical about virtual asset securities nature
- Virtual asset taxation expected to proceed as planned next year

■ Record Low Yen in 34 Years…Japan "Will Respond Without Excluding Any Means"

- Impacted by retreat in US interest rate cut outlook
- Surged to 153 yen level for the first time in 34 years
- Authorities "Will respond to excessive movements"

■ Last Year’s National Budget Deficit 87 Trillion Won…'Sound Fiscal Management' Fades

- Managed fiscal balance worsened more than initially expected
- Fiscal rules under legislation also not met
- Ministry of Strategy and Finance "Due to sharply decreased tax revenue last year"

Graphic News: US-China Trade Dispute Ignited by Legacy Semiconductors

- US may impose additional tariffs on Chinese chips
- If semiconductor regulations materialize, Korea’s damage is inevitable
- China’s legacy semiconductor benefits likely to return to Taiwan

the Chart: KRW-USD Exchange Rate Hits Highest in 17 Months

- KRW-USD exchange rate surged on US CPI exceeding expectations
- Surpassed 1360 won early in the session...highest in 17 months
- Dollar index strengthened as interest rate cuts become difficult

Term in the News: Musk Says 'AGI' Could Appear Next Year

- 'AGI' is one of the ultimate goals of AI research
- Musk: "AI smarter than humans possible within 2 years"
- Faster than Jensen Huang and Sam Altman’s 'within 5 years' forecast

Today's Key Schedule

○ Domestic

- 08:00 March Unemployment Rate
- 10:00 April Interest Rate Decision

- 12th KOSDAQ Shinhan No.13 SPAC subscription, public offering price 2,000 won

○ Overseas
- 12:00 China March Trade Balance
- 12:30 Japan February Industrial Production
- 15:00 UK Monthly GDP
- 15:00 Germany March Consumer Price Index
- 21:30 US March Export Price Index

- 23:00 US University of Michigan April Consumer Sentiment Index

◇ Lunch & Commute Weather

○ Lowest temperature 9℃(▼3℃) ｜ Highest temperature: 23℃(▲3℃)
○ Precipitation probability morning 30%｜afternoon 0%
○ Fine dust morning moderate｜afternoon moderate

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