Is 'FOMO' Over...? Ecopro's Market Cap Drops by 20 Trillion Won [3-Minute Brief]

[At a Glance]
① Samsung's 'First Strike', Union Likely to Form at US Factory
② Global National Debt Hits Record High... Trade War Intensifies
③ Fed "US Grows Moderately"... Outlook 'Pessimistic'

MARKET INDEX

- US New York stock market's three major indices all declined
- Salesforce, Kohl's affected by poor earnings
- Q1 GDP growth slowdown, investor sentiment weakened

TOP 3 NEWS

■ Samsung's 'First Strike' May Lead to Union Formation at US Factory

- Concerns over union risks domestically and abroad
- Biden ahead of presidential election, also Trump
- Increased pressure for union establishment

■ Global National Debt Hits Record High... Could Western-China Trade War Deepen It?

- Global debt reached $315 trillion in Q1 this year
- 2.6% increase compared to same period last year, highest ever
- Protectionist policies expected to further increase debt

■ Fed: "US Economy Growing Moderately"… Outlook Shifts from 'Optimistic' to 'Pessimistic'

- Fed released Beige Book in May
- Economic growth slight or moderate
- However, future outlook described as "pessimistic"

Graphic News: "AI Semiconductor Sales to Reach $71 Billion This Year... 33% Increase Compared to Last Year Expected"

- AI semiconductor market sales expected to increase 33% year-over-year this year
- Growth trend to continue next year, market size likely to reach $92 billion
- "Market interest shifting from AI development to deployment... trend expected to continue"

the Chart: Ecopro Group Loses 20 Trillion KRW in Market Cap This Year

- Secondary battery stocks have continued to underperform this year
- Ecopro Group's market capitalization decreased by 20 trillion KRW
- Ecopro BM weakened due to 'sell report'

-Term Explanation: FOMO stands for 'Fear of Missing Out', referring to the anxiety of missing profit opportunities as asset prices surge, commonly used in stock or cryptocurrency markets.

Term in the News: Tesla's 'FSD' Failed to Detect Railroad Crossing Signal

- FSD means 'Full-Self Driving' driving assistance system
- Translated as 'fully autonomous driving' but driver intervention is necessary
- Recently caused controversy for failing to recognize train and traffic signals on foggy days

Today's Key Schedule

○ Domestic
- 08:00 April Industrial Production
- 08:00 April Retail Sales

○ Overseas
- 03:50 Bailey, Governor of Bank of England (BoE) Speech
- 05:30 Federal Reserve (Fed) Balance Sheet
- 08:30 Japan Tokyo Core Consumer Price Index
- 08:50 Japan April Industrial Production
- 10:30 China May Non-Manufacturing Purchasing Managers' Index
- 18:00 Eurozone May Consumer Price Index
- 21:30 US April Core Personal Consumption Expenditures Price Index
- 22:45 Chicago May Purchasing Managers' Index
- 23:30 US Atlanta Fed Q2 GDPNow

◇ Lunch & Commute Weather

○ Lowest Temperature 15℃ (0℃) ｜ Highest Temperature: 25℃ (▼1℃)
○ Precipitation Probability Morning 0%｜Afternoon 30%
○ Fine Dust Morning Moderate｜Afternoon Moderate

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