One Month Since Trump's Return... March Economy Dizziness [3-Minute Brief]

[At a Glance]
① 'Comeback' Trump accelerates 'America First' with tariff bombs and territorial ambitions
② Worst since COVID-19... February corporate sentiment worsens for four consecutive months
③ Pension funds' net buying streak... 'March bullish theory' emerges

MARKET INDEX

○ US New York Stock Market's three major indices all fell

○ Concerns over economic slowdown and entrenched inflation

○ Dow's decline is the largest this year

TOP 3 NEWS

■ 'Comeback' Trump, MAGA hammer in 4 weeks... Tariff bombs and territorial ambitions accelerate 'America First'

○ Trump's second term started with tariffs... signaling new expansionism
○ Pursuing extreme pragmatism over alliances, values, and international order
○ Abandoning pro-immigration, environmental, and diversity policies to erase Biden's legacy

■ February corporate sentiment worst since COVID-19... worsening for four consecutive months

○ February all-industry Corporate Business Sentiment Index (CBSI) at 85.3... down 0.6 points
○ Manufacturing exports improved < Non-manufacturing construction sentiment slowed
○ Lowest since September 2020... non-manufacturing expected to improve in March

■ Pension funds' longest-ever net buying in KOSPI... will 'March bullish theory' gain momentum?

○ Confirmed liquidity and earnings expectations as prerequisites for a bull market
○ Variables include Trump's auto and semiconductor tariff noise
○ "Early March awaiting tariff issues with Canada and Mexico, early April awaiting countervailing duty announcement"

Graphic News: Despite Trump's pressure, postponing global minimum tax introduction seems difficult

○ Trump moves to neutralize global minimum tax

○ Major countries have already implemented it... delaying harms only South Korea

○ If South Korea postpones UTPR, it may lose taxing rights instead

the Chart : "China's rebound triggered by DeepSeek"... China ETF returns in high spirits

○ China-related Exchange Traded Funds (ETFs) showing soaring returns

○ Among top 10 ETFs by returns, 5 are China-related

○ "DeepSeek's emergence leads to revaluation of China's AI technology"

Today's Key Schedule

○ Domestic

KOSDAQ Winners listing at 8,500 KRW

KOSDAQ MDV subscription, fixed public offering price 8,350 KRW

○ Overseas

01:00 German Federal Election

02:00 European Core Consumer Price Index (YoY) (January)

◇ Lunch & Commute Weather

○ Lowest temperature -6℃(▼3℃) ｜ Highest temperature: 4℃(0℃)
○ Precipitation probability morning 0%｜afternoon 0%
○ Fine dust morning good｜afternoon good

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