Ahead of US Presidential Election, US Controls Chinese Investment in Cutting-Edge Technologies like AI [3-Minute Brief]

[At a Glance]
① Lee Chang-yong: "Annual Growth Rate to Drop to 2.2~2.3%"
② BTC Recovers $70,000 in 4 Months Amid Election Hopes
③ Google "Fake Propaganda" vs Microsoft "Monopolistic"

MARKET INDEX : Year to date

○ US New York Stock Exchange's three major indices closed mixed
○ Big Tech earnings expectations... buying of tech stocks
○ Signals of cooling employment... interest rate cut outlook

Top3 NEWS

■ US to block semiconductor, AI, and quantum investments in China starting next year

○ Control of cutting-edge technology investments from next year
○ Decision made less than ten days before the presidential election
○ Measures to check China and target undecided voters

■ Lee Chang-yong: "Annual growth rate will decline... expected 2.2~2.3%"

○ Downward revision of this year's GDP forecast
○ Third quarter growth lower than expected
○ "Considering interpretation of decreased exports"

■ Bitcoin regains $70,000 after 4 months... US presidential election expectations

○ Republicans and Trump supporters betting on bullish outlook
○ Trump advocates pro-cryptocurrency policies
○ Also announced strategic Bitcoin reserves plan

Graphic News : Google "Fake Propaganda" vs "MS Anticompetitive"

- MS: "Google disparages MS through lobbying groups"
- Google reports MS to EU for antitrust violations
- Major competition authorities intensify attacks on rivals

the Chart : Over half of Seoul subscription applicants are in their 20s and 30s

- Effects of subscription reform including expansion of special and lottery systems
- Half of winners from January to September are aged 30 or younger
- Decreased compared to last year due to soaring sale prices

Terms in the News: 'Intentional Unboxing' popular among Generation Z

[Photo by AI Image]

- Refusal or avoidance of promotion to middle management
- Related to personal stability, work-life balance, and job security
- Sometimes demands the right to refuse promotion during wage negotiations

Today's Key Schedule

○Domestic

○Overseas

04:30 Speech by Tiff Macklem, Governor of the Bank of Canada

05:30 Weekly crude oil inventory by American Petroleum Institute

09:30 Australia's Q3 Consumer Price Index

15:30 France's Q3 GDP

17:55 Germany's October Unemployment Rate

18:00 Germany's Q3 GDP

19:00 Eurozone's Q3 GDP

21:15 US October ADP Nonfarm Employment Change

21:30 US Q3 GDP

21:30 UK Autumn Budget

23:30 US Crude Oil Inventory

◇ Lunch & Commute Weather

○ Lowest temperature 11℃(▼1℃) ｜ Highest temperature: 20℃(▲2℃)
○ Precipitation probability 0% in the morning｜10% in the afternoon
○ Fine dust Good in the morning｜Good in the afternoon

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