Up and Down... Nervous Nasdaq [3-Minute Brief]

[At a Glance]
① 7 Major Open Markets Previously Operated Their Own PG and Subsidiaries
② Trump: "The Fed Should Give the President Authority Over Interest Rates"
③ Polarization in Coffee Market... Separate Products for Office Workers and Weekends

MARKET INDEX : Year to date

- This week's KOSPI expected range: 2500~2620

- Volatility expansion phase, rather an opportunity to increase weighting
- Nationwide residential facility auctions at highest level in 12 years

Top3 NEWS

■ 'Timid US Stock Market'... Rollercoaster Trading Ahead

- Heaven and hell after the employment shock
- Tight outlook between recession and soft landing
- Concerns over accumulated negative factors and increased volatility

■ Seven Major Open Markets Operate Own PG and Subsidiaries… “Separation Needed”

- Kakao, 11st, Gmarket Auction, Lotte Shopping
- Practice of managing sales proceeds after registering own PG
- Subsidiary management by Coupang, Naver, Musinsa, etc.

■ Trump: "The President Should Have a Say on Interest Rates... If I Lose, Economic Depression"

- Claimed Fed interest rate authority in CNN interview
- "My intuition is better than Fed officials’"
- Contradicts the practice of central bank independence

Graphic News: Polarization of Coffee... 2,000 KRW for Office Workers, 16,000 KRW for Weekend Use

- Either cheap or very expensive... Polarization of coffee prices
- 'Herm?s of coffee world' lands in Korea… 16,000 KRW
- "Office coffee around 2,000 KRW"… Yellow Coffee popular

the Chart: Mirae Asset Securities, No.1 in Securities Market Cap

- Recent stock price rose for three consecutive days… mostly recovered losses from the crash

- Strong stock price uptrend… regained No.1 spot in securities market cap

- Aggressive shareholder return policy and solid performance driving stock price

Term in the News: Trust No One! ‘Zero Trust’

- Security strategy that trusts no user or device
- Improvement of current public network separation system… strong candidate as security model
- Repeated identity verification and validation from data access to viewing

Today's Key Schedule

○Domestic
- 12th: KOSDAQ Bankware Global listing, reference price 16,000 KRW

- 12th: KOSDAQ TDS Pharm subscription, offering price 13,000 KRW

- 12th: KOSDAQ Daishin Balance No.18 SPAC subscription, offering price 2,000 KRW

- 12th: KOSDAQ M83 subscription, expected offering price 11,000~13,000 KRW

- 12th: KOSDAQ Encell subscription, expected offering price 13,600~15,300 KRW

○Overseas

- 09:00 Singapore Q2 GDP

- 10:30 Australia NAB July Business Confidence Index

- 18:00 China July New Loans

- 20:00 OPEC Monthly Report

- 21:00 India July Consumer Price Index

- 21:30 Canada June Building Permits

◇Lunch & Commute Weather

○ Lowest temperature 28℃(▲2℃) ｜Highest temperature: 35℃(▲1℃)
○ Precipitation probability: Morning 20%｜Afternoon 60%
○ Fine dust: Morning Good｜Afternoon Good

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