Is the Weaker Won Behind the National Pension? [3-Minute Brief]

[At a Glance]
①Corporate Business Outlook Declines for 33 Consecutive Months
②Trump Uncertainty...Worsening Consumer Sentiment
③Deposit Protection '100 Million' Bill Passes Committee

MARKET INDEX : Year to date

Is the Weaker Won Behind the National Pension? [3-Minute Brief]

○ US New York Stock Exchange's three major indices all closed higher
○ Early mixed trends due to Trump's 'tariff bomb' threat
○ Nasdaq, led by tech stocks, jumped 0.63% showing strength

Top3 NEWS

■ Corporate Business Outlook 'Longest on Record' 33 Consecutive Months of Slump

○ Manufacturing sector including semiconductors in recession “D-RAM price decline expected”
○ If negative records continue into January next year, new records will be set from the start of the year
○ Korea Economic Research Institute “Prefer alternatives to revive economy over revising Commercial Act”

■ November Consumer Sentiment Worsens Amid Trump Uncertainty

○ November Bank of Korea Consumer Sentiment Index down by 1 point
○ Concerns over exchange rate rise, stock price drop, and export slowdown
○ Nationwide housing price increase also slows, lowering sentiment

■ Deposit Protection '100 Million Won' Bill Passes Subcommittee

○ Implementation scheduled for next year, specific timing left to financial authorities
○ Concerns remain over excessive concentration in secondary financial sector
○ Financial authorities continue communication with Deposit Insurance Corporation and financial sector

Graphic News : LH Develops 'Library-Level' Interfloor Noise Grade 1 Technology

○ Only 12 places recognized with Grade 1 technology… 8 of them are large corporations
○ "Commercialization of Grade 1 interfloor noise technology is difficult, LH took initiative"
○ "Cost increase due to technology application to be proposed to finance and fund investors"

the Chart : Dollar Black Hole National Pension Service Fueling Won Weakness

○ Due to National Pension Service's expansion of overseas investments
○ Strategic 10% currency hedge clause exists but
○ Current exposure hedge is at about 5%

Numbers in the News : "Not Married but Giving Birth"... 4 to 5 out of 100 are 'Children Born Out of Wedlock'

○ Increase in children born out of wedlock, recorded 4.7% last year
○ Births declining but out-of-wedlock births steadily rising
○ Rapid increase in births from cohabitation and common-law relationships

Today's Key Schedule

○Domestic

○Overseas

00:00 US November CB Consumer Confidence Index

00:00 US October New Home Sales

04:00 US Federal Open Market Committee Minutes

10:00 New Zealand Interest Rate Decision

20:00 France October Total Job Seekers

22:30 US Q3 GDP

22:30 US Initial Jobless Claims

◇ Lunch & Commute Weather

○ Lowest temperature 0℃(▼8℃) ｜ Highest temperature: 2℃(▼7℃)
○ Precipitation probability 60% in the morning｜60% in the afternoon
○ Fine dust Good in the morning｜Good in the afternoon