"Stock Price 5x in 5 Years" Japanese Company "Market Cap to Reach $100 Billion" [3-Minute Brief]

[At a Glance]
① Current Account Surplus Hits Highest in 32 Months
② Virtual Asset Act Effective from the 19th
③ Indian Stock Market Enjoys Continuous Boom

MARKET INDEX : Year to date

- This week's KOSPI expected range: 2770~2890
- If US June CPI is favorable, 2900 level possible
- Seoul apartment price increase rate highest in 145 weeks

TOP 3 NEWS

■ Watching Powell's remarks amid expectations of 'US rate cut in September'... Inflation indicator optimism

- June unemployment rate highest in 2 years and 7 months
- PMI at 48.8... entering contraction phase
- Attention on Chairman Powell's congressional testimony

■ Semiconductor-led May current account surplus highest in 2 years and 8 months... June expected to be better

- May current account surplus of $8.92 billion... largest since September 2021
- Continued export improvement trend forecasts large current account surplus in June
- Export momentum expected to sustain good current account flow in second half

■ 'Virtual asset price manipulation punishable'... Unfair trading investigation starts from 19th

- Virtual Asset User Protection Act effective from 19th
- Punishment for insider trading and self-issued coin trading
- Financial authorities: "We will establish a fair trading order"

Graphic News: Indian stock market hits record highs daily... Why Wall Street says "the peak is far"

- Indian stock market hits record highs daily after Narendra Modi's third term
- GDP growth forecast at 6~6.5%... corporate fundamentals also strong
- Interest rate cut expected next month... biggest risk is oil prices

the Chart: Japanese semiconductor company with 467% stock price increase

- Japan's Renesas on an upward trend targeting market cap of about 138 trillion KRW
- Up 32% in first half of this year... 467% increase over 5 years since COVID-19
- Recovery led by CEO Shibata who joined during lowest point

Terms in the News: UK's general election biggest issue 'National Health Service' dental care

- National Health Service refers to UK's public healthcare system
- Provides free medical services to all, including foreigners
- Dentistry and ophthalmology excluded... calls for reform growing due to overseas medical tourism

Today's Key Schedule

○ Domestic

- Gyeonggi GTX Unjeong Station The One (A44)
- Gyeonggi Pangyo Techno Valley Joongheung S Class (A3)
- Gyeonggi Uijeongbu Station Familier II
- Daejeon Ssangyong The Platinum Nature
- Ulsan Jinha Hanyang Lips Grand Blue

○ Overseas
- 08:50 Japan May adjusted current account
- 10:30 Australia housing loans
- 15:00 Germany May trade balance
- 19:00 Eurozone finance ministers meeting

Wan◇Lunch & Commute Weather

○ Lowest temperature 23℃(▲1℃) ｜ Highest temperature: 27℃(▼1℃)
○ Precipitation probability morning 90%｜afternoon 90%
○ Fine dust morning good｜afternoon good

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