Investor Sentiment Unstoppable Even Amid Strikes... 90,000 Won Electronics Stock Approaching [3-Minute Brief]

[3-Min Brief 3-Second Summary]
① Experts 100% Say "July Interest Rate Freeze"
② Euro Falls After Victory of French Left-Wing Coalition
③ Samjeon Union Begins 3-Day Total Strike from Previous Day

MARKET INDEX

- US New York Stock Exchange's three major indices closed mixed
- June CPI and Q2 earnings announcements scheduled

- Nationwide apartment auction hits highest level in 23 months

Top3 NEWS

■ "100% for July freeze" ... "40% for August cut"

- Bank of Korea expected to keep base rate unchanged at July Monetary Policy Committee
- Experts weigh more on rate cut in August or October
- US base rate cut expected in September

■ Surprise victory of French left-wing coalition raises "uncertainty"... Euro falls

- Left-wing coalition's surprise win in French general election
- Pledges to expand fiscal spending... concerns over deepening debt
- Hung parliament with no majority also a burden

■ Samsung Electronics union begins 3-day general strike from today... over 5,000 expected to participate

- 8,115 participated in Jeonsamno general strike survey
- Demanding high wage increase rates and more
- Second strike planned from the 15th if negotiations fail

Graphic News: Samsung Electronics and KOSPI both hit new highs

- KOSPI and Samsung Electronics surpass 3,000 points and 90,000 KRW respectively
- Samsung Electronics' upward trend continues... KOSPI expectations rise
- KOSPI hits highest point for two consecutive days... settles in upper 2,800 range

Money-Making Law

■ Seocho-dong Legal Town plagued by illegal banners, a 'lawless town'

- Seocho-dong Legal Town suffering from illegal banners
- District office and police with authority to crack down and remove turn a blind eye
- Banners with politicians' photos and insulting expressions also present
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024070814121286141

■ Appeals process speeds up... 11% increase in appeals handled compared to last year

- Civil main cases appeal rate in first half 18.87%
- Number of appeals filed increased by 18% to 763
- Faster appeals processing reduces delay concerns
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024070814133794051

■ [Joining a Law Firm] Law Firm Sejong "Hints on Instagram"

- Law Firm Sejong with slogan 'free communication'
- 'Asso Committee' system allows even junior staff to express opinions
- 38 new hires including 4 military lawyers... average age 27.8
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024070814163207794

※ 'Money-Making Law', a content partnership corner between Asia Economy and Law Times, is published every Tuesday and Thursday.

Terms in the News: US-China exchanging 'Hellish Strategy' generals

- 'Hellish Strategy' set by US to deter China's invasion of Taiwan
- Aims to maximize damage to Chinese forces crossing the Taiwan Strait
- China criticizes as "crazy and inhumane"... releases related blockade papers

Today's Key Schedule

○ Domestic

- Gyeonggi GTX Unjeong Station The One (A44)
- Gyeonggi Pangyo Techno Valley Jungheung S-Class (A3)

- Gyeonggi Uijeongbu Station Famille II

- Ulsan Jinha Hanyang Lips Grand Blue
- Daejeon Ssangyong The Platinum Nature

○ Overseas
- 08:01 UK June Retail Association Retail Sales Status
- 10:30 Australia June Business Confidence Index
- 19:00 Eurozone Finance Ministers Meeting
- 23:00 Powell Fed Congressional Testimony

&◇Lunch & Commute Weather

○ Lowest temperature 23℃(0℃) ｜Highest temperature: 26℃(▼1℃)
○ Precipitation probability morning 60%｜afternoon 90%
○ Fine dust morning good｜afternoon good

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