National Pension Fund Loses 5 Trillion Won... Due to K-Stocks? [3-Minute Brief]

[At a Glance]
① The ruling party warns banks: "Do not raise loan interest rates"
② Is Korea a sucker?… 20 million won Valentine’s Day betrayal
③ Tsunami from China… Chinese cars poised for first US market lead

MARKET INDEX : Year to date

○ US New York Stock Exchange's three major indices closed higher
○ Decline in semiconductor stocks and government bond yields were factors
○ Seoul apartment transaction volume decreased for the third consecutive month

Top3 NEWS

■ National Pension Service lost 5 trillion KRW in profits during Q3... Domestic stocks dragged it down

○ Profit decreased by 5 trillion KRW compared to previous quarter due to domestic stock underperformance
○ This is the first profit decline compared to the previous quarter this year
○ Annual return also in the red... unlikely to surpass last year

■ Ruling party warns banks: "Do not raise loan interest rates"

○ Request made on the occasion of base interest rate cut
○ Ensure full transmission of interest rate cut effects
○ Interest rates will also be monitored through financial authorities

■ Is Korea a 'hogangnim'? ... The betrayal of the 20 million KRW Valentine’s Day gift

○ Pernod Ricard Korea paid dividends worth 40 billion KRW last year
○ 99.9% of net income capital outflowed to overseas headquarters
○ Dividends surged after restructuring controversy in 2018

Graphic News : 'Tsunami from China is coming'... Chinese cars on the verge of first reversal in the US

○ Chinese car imports surge, first reversal in the US imminent
○ Chinese-made share at 15% this year, spreading across all sectors
○ Tsunami offensive of Chinese products extends to home appliances and automobiles

the Chart : US Congress "Tariff cuts are not the reason for trade deficit with Korea"

○ Car imports increased even before tariff cuts
○ Economists point to macroeconomic factors
○ Concerns over Korea spread due to Trump’s tariff policy

Terms in the News : Lost more than Wegovy... Obesity treatment injected only once a month

○ Amgen develops once-a-month injectable obesity treatment
○ 20% weight loss rate, more effective than Wegovy
○ Utilizes GLP-1 agonists... FDA approval pending

Today's Key Schedule

○Domestic

09:30 November Nikkei Manufacturing Purchasing Managers' Index

2nd: KOSDAQ KB No.31 SPAC subscription, public offering price 2,000 KRW

2nd: KOSDAQ Kiwoom No.11 SPAC subscription, public offering price 2,000 KRW

○Overseas

10:45 China November Caixin Manufacturing Purchasing Managers' Index

18:00 Eurozone November Manufacturing Purchasing Managers' Index

19:00 Eurozone October Unemployment Rate

23:45 US November Manufacturing Purchasing Managers' Index

◇ Lunch & Commute Weather

○ Lowest temperature 6℃(▲4℃) ｜ Highest temperature: 13℃(▲3℃)
○ Precipitation probability 60% in the morning｜20% in the afternoon
○ Fine dust level Good in the morning｜Good in the afternoon

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