Martial Law Ends, Impeachment Approaches... Capital Market Freezes Rapidly [3-Minute Brief]

[At a Glance]
① Struggling BYD in Japan, Will It Perform Well in Korea?
② 'Yoon Steps Down' Appears on Betting Sites
③ Bitcoin Recovers Most of Previous Day's Losses

MARKET INDEX : Year to date

Martial Law Ends, Impeachment Approaches... Capital Market Freezes Rapidly [3-Minute Brief]

○ US New York Stock Exchange's three major indices hit record highs

○ Tech stocks strong amid Santa rally expectations

○ Salesforce, Marvell surge on strong earnings

Top3 NEWS

■ Frozen capital markets... 'Impeachment turmoil' is even scarier

○ Midnight emergency martial law has limited impact on financial markets
○ Ongoing impeachment turmoil increases uncertainty
○ "Capital market contraction difficult to avoid for the time being"

■ BYD struggles in Japanese market... Will it perform well in Korea?

○ Struggles due to domestic cars and hybrids
○ Similar performance expected domestically
○ "Brand image marketing is key"

■ "President Yoon will step down within a month"... 'Martial law betting' appears on betting sites

○ World's largest betting site ‘Polymarket’
○ 500 million KRW bet on President Yoon's resignation
○ 7 related bets, 73% chance of resignation

the Chart : Bitcoin recovers most of its losses... Coin retail investors have mixed feelings

○ Bitcoin fell below 90 million KRW immediately after martial law announcement... down 34%

○ 'Martial law beam' 'Seok-yeol beam'... Some made high profits by buying at the bottom in a short time

○ Surge in virtual asset trading increased traffic... Exchange servers crashed

Profitable Law

■ False accusation during divorce lawsuit... Reason for paying 'double alimony'

○ Court: "If important changes occur in divorce case circumstances, alimony amount should reflect that"
○ Suspended sentence confirmed for false accusation during divorce lawsuit... Alimony doubled in appeal
○ "False accusation used to gain advantage in divorce, amount set considering this"

■ Increase in drug cases among the wealthy... Law firms compete for clients

○ Illegal drug market expansion... Major law firms start taking drug cases
○ Drug offenders now include wealthy individuals, hospital directors, white-collar workers
○ Blurred line between simple users and distributors... Firms also take distribution cases

■ O'Melveny & Myers, "High understanding of complex US litigation"

○ Founded in LA, USA, with about 800 lawyers worldwide
○ Partner for Korean companies' global expansion and overseas dispute resolution
○ Provides advice on international M&A, private equity, joint ventures, etc.

Terms in the News: WGBI·AI·Electric Vehicles·...'Green Bonds' Tailwind

Four Core Elements of Green Bonds, Six Environmental Goals. Comprehensive Platform for Environmental Responsibility Investment

○ 'Green bonds' issued to raise funds for environmentally friendly business investments

○ Used only for green projects such as electric vehicles, renewable energy, and greenhouse gas reduction

○ Emphasis on fund usage and environmental improvement effects... Regulations can also impose constraints

Today's Key Schedule

○ Domestic

08:00 Q3 GDP

5th KOSPI M&C Solution subscription, public offering price 80,000~93,300 KRW

5th KOSDAQ Vect subscription, public offering price 3,900 KRW

○ Overseas

00:00 US ISM November Non-Manufacturing PMI

00:30 US Crude Oil Inventories

03:45 Fed Chair Powell speech

09:30 Australia October Trade Balance

16:00 Germany October Factory Orders

22:30 US Initial Jobless Claims

◇ Lunch & Commute Weather

○ Lowest temperature 0℃(▲2℃)｜Highest temperature: 7℃(▲3℃)
○ Precipitation probability 0% in the morning｜30% in the afternoon
○ Fine dust Good in the morning｜Good in the afternoon