Fiscal Deficit Already 83 Trillion Won, '3rd Largest Ever' [3-Minute Brief]

[At a Glance]
① US CPI Hindered by Housing Costs, Small Cut 'Wedge'
② Samsung Electronics Begins Industry-First Mass Production of 9th Gen QLC NAND
③ Fine Dust Reduction Budget Cut by 17.6 Billion Won

MARKET INDEX : Year to date

○ US New York Stock Exchange's three major indices all closed higher
○ August inflation data confirms easing inflation
○ Big tech rally as Fed rate cut confidence grows

Top3 NEWS

■ US August Core CPI Hindered by Housing Costs... 'Wedge' for September Small Cut

○ August CPI rose 2.5% year-on-year
○ Lowest increase in three and a half years
○ However, Core CPI exceeded expectations

■ Samsung Electronics Begins Mass Production of 9th Gen QLC NAND, Industry First... “Leader in SSD Market”

○ Introduced 9th Gen QLC just 4 months after 9th Gen TLC mass production
○ Reading and writing power consumption improved by 30% and 50% respectively
○ Continues to lead the market in enterprise SSD products

■ Regressive Climate Policy... Fine Dust Reduction Budget Cut by 17.6 Billion KRW

○ Budget cut for workplace fine dust management projects
○ Reduced from 66.5 billion KRW to 48.9 billion KRW this year
○ Core air quality policies also affected by sound fiscal policy stance

Graphic News : Fiscal Deficit of 83 Trillion KRW This Year, Third Largest Ever

- National budget deficit of 83.2 trillion KRW, third largest ever
- Central government debt increased by 13.4 trillion KRW in one month
- Debt approaching 1,160 trillion KRW, highest ever on an annual basis

the Chart : 'Sell Korea' Foreigners Have Already Sold Over 4 Trillion KRW This Month

- Foreigners net sold 4.1551 trillion KRW this month
- Continued selling trend for two consecutive months following last month
- With FOMC and other events scheduled, recovery seems unlikely

Terms in the News : Office Workers Save Lunch Money with ‘Meal Prep’

- Increased use of lunch boxes due to high inflation
- Food and distribution industries benefiting from meal prep boom
- Prolonged inflation... a global trend

Today's Key Schedule

○Domestic

06:00 August Export Prices

12:00 July M3 Money Supply

○Overseas

13:30 Japan July Industrial Production

15:30 India August Wholesale Price Index

15:45 France August HCPI

18:00 Eurozone July Industrial Production

21:30 US August Export/Import Price Index

21:30 Canada July Wholesale Sales

23:00 US September University of Michigan Expected Inflation

◇ Lunch & Commute Weather

○ Low temperature 25℃(0℃) ｜High temperature: 27℃(0℃)
○ Precipitation probability 60% in the morning｜60% in the afternoon
○ Fine dust Good in the morning｜Good in the afternoon

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