Hynix Riding the HBM Wave, Samsung Electronics Overtaking Countdown [3-Minute Brief]

[At a Glance]
① Thanks to ‘5060’ Seniors... Convenience Store Sales Increase
② Goryeo Yawon Management Dispute, Proxy Fight Showdown
③ Fed: “No Major Changes in Economic Activity in Most Regions”

MARKET INDEX : Year to date

○ U.S. New York Stock Exchange's three major indices closed mixed
○ Tesla surged 21.9%... largest increase in 11 years
○ Last week's new unemployment claims decreased

Top3 NEWS

■ Convenience stores capturing lunch meals of 50s and 60s seniors, sales increased over 2 years

○ Korea Chamber of Commerce analyzed sales of four convenience store chains
○ Sales from customers in their 50s and 60s increased compared to two years ago
○ Small quantity purchase patterns also spreading in convenience stores

■ Korea Zinc management rights dispute, 'Proxy Fight' Round 3 battle begins

○ Korea Zinc's public tender offer competition ends on the 23rd
○ Proxy battle for major shareholders begins
○ Attention on whether Hyundai Motor and other white knights will withdraw

■ Fed: “No significant change in economic activity”… easing concerns over interest rate freeze

○ U.S. Federal Reserve released the 'Beige Book'
○ Closer to a soft landing than no landing
○ “Concerns over interest rate freeze have eased”

Graphic News : Hynix's record-breaking Q3 earnings, surpassing Samsung

○ Hynix's operating profit estimated to have significantly surpassed Samsung Electronics
○ Record high sales and operating profit due to surge in HBM demand
○ “Flexible product and supply strategies aligned with market demand”

the Chart : Growth rate slows in Q3 as trusted exports falter

○ Our real GDP growth rate in Q3 recorded at 0.1%
○ Export slump is the biggest cause of growth rate slowdown
○ Annual economic growth forecast also likely to be revised downward

Terms in the News : India's economic rise ‘Modinomics’

○ Economic policy focused on manufacturing promotion started in 2014
○ Stimulates employment and consumption through revitalizing private investment
○ Aims for a virtuous cycle leading back to investment

Today's Key Schedule

○Domestic

25th KOSDAQ Wavevis listing, public offering price 15,000 KRW

25th KOSDAQ HNS Hightech listing, public offering price 22,000 KRW

25th KOSDAQ HE Pharm subscription, public offering price 23,000 KRW

25th KOSDAQ Airrain subscription, public offering price 23,000 KRW

○Overseas

08:30 Japan October Tokyo Core Consumer Price Index

17:00 Germany October Ifo Business Climate Index

19:00 France September Total Job Seekers

21:30 U.S. September Durable Goods Orders

21:30 Canada August Retail Sales

23:00 U.S. October University of Michigan Inflation Expectations

23:30 U.S. Atlanta Fed GDPNow Q3

◇ Lunch & Commute Weather

○ Low temperature 10℃(▲3℃) ｜High temperature: 23℃(▲4℃)
○ Precipitation probability morning 0%｜afternoon 0%
○ Fine dust morning good｜afternoon good

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