Ethereum Joins ETF Following Bitcoin [3-Minute Brief]

[At a Glance]
① Kakao's Kim Beom-su Arrested, Unusual 'Flight Risk'
② "HBM Growth Rate May Exceed Market Expectations"
③ Widening Interest Rate Gap with US, Japan BOJ's Dilemma

MARKET INDEX

- US New York Stock Exchange's three major indices closed lower
- Companies continue to release Q2 earnings
- Alphabet beats expectations, Tesla falls short

TOP 3 NEWS

■ Kakao's Kim Beom-su Arrested…Why Did the Court Take the Unusual Step of Citing 'Flight Risk' for a Corporate Head?

- Prosecutors launch investigation into SM's suspected market manipulation
- Determined there is a risk of evidence destruction and flight
- Kim Beom-su's side consistently denies the charges

■ US SEC Approves Ethereum Spot ETF Following Bitcoin

- Asset management firms like BlackRock and VanEck applied
- Expected to attract up to $20 billion in funds in the first year
- First time Ethereum has received SEC approval

■ "HBM Growth May Exceed Market Expectations"

- Interview with Roh Geun-chang, Head of Research Center at Hyundai Motor Securities
- SK Hynix operating profit expected to hit record high
- Samsung Electronics' operating profit notable despite no HBM3E deliveries

Graphic News: University Counseling Centers Failing Their Role…Staff Shortages and Low Expertise

- University counseling centers can be seen as primary institutions addressing suicide issues among people in their 20s, but their expertise is lacking
- Most centers have only 1-2 counselors…72.7% are contract workers, raising concerns about expertise and continuity
- "University counseling centers continuously suffer from budget and staffing shortages…Government-level investment and support are urgently needed"

the Chart: BOJ Faces Deepening Concerns…US-Japan Interest Rate Gap and GDP Shock

- BOJ raised rates declaring 'normalization' but 'super weak yen' persists
- Due to the 'US-Japan interest rate gap'…which widened to historic levels during COVID-19
- Possibility of a 'Second Plaza Accord' raised…however, yen rebound is expected to be difficult

Terms in the News: "Rather Die Than Serve" Israel's Ultra-Orthodox Judaism 'Haredi'

- Haredi refers to Israel's ultra-Orthodox Jewish community, about 13% of the population
- Predicted to make up half of Israel's total population in 40 years
- Devoted to studying religious law…conflicts intensify over Haredi military exemption amid prolonged war

Today's Key Schedule

○ Domestic
- 06:00 July Consumer Confidence Index

○ Overseas
- 09:30 Japan July Services Purchasing Managers' Index
- 14:00 India Nikkei S&P Global Manufacturing PMI
- 15:00 Germany August GfK Consumer Climate
- 17:00 Eurozone July Markit Composite PMI
- 17:30 UK July Composite PMI
- 18:30 Germany 10-Year Bund Bond Auction
- 22:45 US July Purchasing Managers' Index
- 22:45 Canada Interest Rate Decision
- 23:00 US June New Home Sales
- 23:30 US Crude Oil Inventories

◇ Lunch & Commute Weather

○ Lowest Temperature 25℃(0℃) ｜ Highest Temperature: 30℃(▲3℃)
○ Precipitation Probability Morning 60%｜Afternoon 60%
○ Fine Dust Morning Good｜Afternoon Good

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