Warren Buffett's Reason for Buying Airlines and Cosmetics Instead of Apple [3-Minute Brief]

[At a Glance]
① Why Battery Information Disclosure Is a 'Double-Edged Sword'
② ICT Exports Rise Thanks to Semiconductors and Displays
③ Should You Invest in Semiconductor Stocks? "AI Is Not a Bubble"

MARKET INDEX : Year to date

- US New York Stock Exchange's three major indices all closed higher
- Retail sales and initial jobless claims exceeded expectations
- Investor sentiment recovered as recession fears ended

Top3 NEWS

■ The stocks Warren Buffett sold Apple to buy

- Berkshire Hathaway significantly reduced its Apple holdings
- Purchased cosmetics company Ultabeauty and aircraft maker Heico
- Overall, focused more on cash reserves than new investments

■ Are Chinese products more dangerous? ... Battery information disclosure is a double-edged sword

- Battery type matters more than domestic vs. Chinese origin
- Specific battery information should be provided beyond manufacturer details
- Information disclosure can promote development of safer batteries

■ Thanks to semiconductors and displays, ICT exports increase for 4 consecutive months

- ICT exports rose over 30% for four consecutive months
- Trade balance estimated at a $7.2 billion surplus
- AI boom and IT market recovery increased demand

Graphic News: Scandals and deteriorating earnings... Entertainment stocks' continuous downward trend

- Four major entertainment companies down 30-50% compared to last year
- Poor Q2 earnings dragged stock prices down
- Securities firms say "high possibility of rebound in the second half"

the Chart: Should we buy semiconductors... "AI is not a bubble"

- Too early to say AI cycle has peaked
- Further observation needed on monetization
- Keep watching SK Hynix and Samsung Electronics

Term in the News: 'AUKUS', the trilateral security pact of the US, UK, and Australia encircling China

- Indo-Pacific regional security consultation against China
- Composed of nuclear submarines (Pillar 1) and advanced technology (Pillar 2)
- Discussions about Japan joining... could it become 'JOKUS'?

Today's Key Schedule

○Domestic

- 16th: KOSDAQ listing of Euracle, offering price 21,000 KRW

○Overseas
- 01:00 Federal Reserve Bank of Atlanta Q3 GDPNow
- 05:30 Federal Reserve balance sheet
- 15:00 UK July retail sales
- 18:00 Eurozone June trade balance
- 21:15 Canada July housing starts
- 21:30 US July building permits
- 23:00 US August University of Michigan inflation expectations

◇Lunch & Commute Weather

○ Low temperature 27℃(0℃) ｜High temperature: 34℃(▼1℃)
○ Precipitation probability: Morning 30%｜Afternoon 60%
○ Fine dust: Morning Good｜Afternoon Good

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