Mortgage Loans Followed by Credit Loan Restrictions... What About Yeongkkeul Borrowers? [3-Minute Brief]

[At a Glance]
① Yellen, US Treasury: "Economy is Landing Softly"
② Hyundai Motor Ioniq 6 Receives Praise in US
③ Securities Firms Face Dark Clouds Over Second Half Earnings

MARKET INDEX : Year to date

- This week's KOSPI expected range is 2500~2630

- Market sentiment likely to remain cautious ahead of September U.S. FOMC

- Volatility may continue due to CPI announcement and other factors

Top3 NEWS

■ "Tightening mortgage loans alone is not enough"…Financial authorities consider credit loan regulations

- Financial authorities closely monitoring 'all-in' borrowing and considering tightening credit loans
- Concerns over balloon effect in secondary financial sectors such as card loans…expanding inspection scope
- Financial Supervisory Service checking mortgage loan changes and loan application numbers since this month

■ U.S. Treasury Secretary Yellen: "U.S. economy is achieving soft landing…No red flags flashing"

- U.S. August employment data weaker than expected
- Treasury Secretary states "Economy is undergoing a soft landing"
- "Paying close attention to downside risks in employment"

■ Hyundai Motor Ioniq 6 selected as 'Best Electric Vehicle' by Kelley Blue Book in the U.S. for 3 consecutive years

- Leading U.S. automotive media 'Kelley Blue Book'
- Selected as best electric vehicle based on driving and charging performance
- "Ioniq 6 is a strong rival to Tesla Model 3"

Graphic News: TDF attracting 11 trillion won to 400 trillion won retirement pensions…Expectations for 'Money Move'

- Domestic retirement pension reserves increased by 8.5311 trillion won in Q2 compared to previous quarter

- Pension fund depletion risk due to aging population…Sustained growth expected in effective TDF market

- Retirement pension in-kind transfer system expected to enhance competition among asset allocation products and improve pension product returns

the Chart: Market slump clouds securities firms' second half earnings

- Average daily trading value in August recorded the lowest this year…down 6.6% from previous month

- Expansion of rotation trading, delayed liquidity expansion, and tax system change concerns…KOSPI falls again

- Brokerage earnings slowdown inevitable…Asset management revenue increase expected to defend earnings

Term in the News: China's talent development project 'Thousand Talents Plan'

Photo by AI Image

- China started recruiting overseas talents to attract 1,000 science and technology experts over 10 years

- Successful development in semiconductors, robotics, etc.…AI industry size growing at an annual rate of 26.8%

- Professor Jane Wu, who committed 'extreme suicide,' was targeted by Trump administration's 'China Initiative'

Today's Key Schedule

○Domestic

- 9th: KOSDAQ Kiwoom No.9 SPAC subscription, public offering price 2,000 won

- 9th: KOSDAQ Iron Device subscription, expected public offering price 4,900~5,700 won

Jeju WePark Jeju (Phase 1)

Jeju WePark Jeju (Phase 2)

○Overseas
- 08:50 Japan Q2 GDP

- 10:30 Australia July building approvals

- 10:30 China August Consumer Price Index

◇Lunch & Commute Weather

○ Lowest temperature 24℃(▲1℃) ｜Highest temperature: 33℃(0℃)
○ Precipitation probability morning 20%｜afternoon 60%
○ Fine dust morning moderate｜afternoon moderate

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