K-Inflation Surpasses Both US and Europe [3-Minute Brief]

[At a Glance]
① Won-Dollar Exchange Rate Nears 1,400 Won
② China's GDP Stronger Than Expected
③ SK Hynix Q1 Market Cap Up 29%

MARKET INDEX

K-Inflation Surpasses Both US and Europe [3-Minute Brief]

- US New York Stock Exchange's three major indices closed mixed
- Chairman Powell hints at delaying interest rate cuts
- US 2-year Treasury yield surpasses 5%, dollar strengthens

TOP 3 NEWS

■ Nearing 1400 KRW/USD amid Middle East tensions and strong US retail

- Highest level in 17 months
- Upward trend expected to continue for the time being
- Bank of Korea signals market stabilization measures

■ China’s Q1 economy stronger than expected but momentum 'shaky'

- Q1 economic growth rate at 5.3%, exceeding expectations
- March indicators show somewhat sluggish trends
- "More support measures needed for economic recovery"

■ SK Hynix increased market capitalization by 29% in Q1… Samsung Electronics up 4%

- CXO Research Institute analyzes domestic stock market cap in Q1
- SK Hynix added 30 trillion KRW, reaching 133 trillion KRW
- Total market cap increased by 3.8% (96 trillion KRW) since early this year

Graphic News: AI supremacy 'money war' pushes out big tech employees

- Big tech companies have been cutting staff since the beginning of this year
- Concentration of AI resources leads to workforce restructuring and mass layoffs
- Heavy investments in attracting AI talent and developing AI semiconductors

the Chart: Korea’s inflation rose more than in the US and Europe

- Inflation rose more than in major countries due to sharp increases in agricultural product prices like apples
- Geopolitical crises and rising international oil prices increase uncertainty in price stability
- However, core inflation remains low due to weak consumption and employment issues

Term in the News: Government’s overdraft 'Temporary Government Loan'

- A system where the government borrows from the Bank of Korea to resolve temporary cash shortages
- Structure similar to an individual’s overdraft account, nicknamed 'government’s overdraft'
- Balance as of end of March this year is 32.5 trillion KRW, the largest since statistics began

Today’s Key Schedule

○ Domestic

- Gwangju Jungang Park Lotte Castle Signature (2-2BL)
- Gwangju Jungang Park Lotte Castle Signature (2-1BL)
- Gwangju Jungang Park Lotte Castle Signature (1BL)

○ Overseas
- 02:15 Chairman Powell’s speech
- 08:50 Japan March trade balance
- 15:00 UK March Consumer Price Index
- 18:00 Eurozone March Consumer Price Index
- 23:30 US crude oil inventory

◇ Lunch & Commute Weather

○ Lowest temperature 9℃(▼2℃) ｜ Highest temperature: 23℃(▲4℃)
○ Precipitation probability morning 0%｜afternoon 0%
○ Fine dust morning moderate｜afternoon moderate