Domestic and External Challenges KOSPI 'Cheer Up' [3-Minute Brief]

[At a Glance]
1. Trump pushes ahead with 25% tariffs on Mexico and Canada... signs 20% tariffs on China
2. Production, consumption, and investment all see 'triple' decline
3. KOSPI breaks below 2600... is a rebound possible?

MARKET INDEX

○ US New York Stock Exchange's three major indices plunge sharply for two consecutive days

○ Trump signals retaliatory measures from various countries over tariff impositions

○ Growing concerns over recession risk triggered by tariffs

TOP 3 NEWS

■ "No Negotiations" Trump pushes ahead with 25% tariffs on Mexico and Canada… raises additional tariffs on China to 20%

○ "All set... effective tomorrow"
○ Enforces 25% tariffs on Mexico and Canada
○ Signs executive order for additional 10% tariff increase on China

■ Production, consumption, and investment all 'triple' decline… Production sees largest drop since the pandemic

○ January industrial production down 2.7%
○ Retail sales decline in semi-durable goods such as clothing and footwear
○ Facility investment down 14.2% due to base effects and others

■ KOSPI breaks below 2600, market outlook for March

○ KOSPI opened lower after the holiday but turned to rise
○ Uncertainties such as tariffs remain in March but intensity expected to weaken
○ Gradual stabilization expected to resume upward trend

Graphic News: Among 78 embezzlement cases over 500 million KRW, only 7 received aggravated punishment… Despite shareholders' calls for strict penalties, punishments remain lenient

○ First trial full investigation on embezzlement under the Special Act on Economic Crimes

○ Average embezzlement amount 1.3 billion KRW, but sentence only 2 years and 11 months

○ "Property crimes are essentially no different from murder crimes"

the Chart: Leading bank throne changed due to ELS provisions… Banks need to increase non-interest income

○ Shinhan Bank's net profit last year 3.6954 trillion KRW

○ About 400 billion KRW more than Kookmin Bank

○ Divided fortunes due to ELS provisions

Today's Key Schedule

○ Domestic

Seoul Guarantee Insurance, KOSPI subscription, fixed public offering price 26,000 KRW

CK Solution, KOSPI subscription, fixed public offering price 15,000 KRW

08:00 GDP (YoY) (Q4) (QoQ) (Q4)

○ Overseas

09:30 Japan Services Purchasing Managers Index (February)

10:45 China Caixin Services Purchasing Managers Index (February)

18:00 Europe Services Purchasing Managers Index (February)

22:15 US ADP Nonfarm Employment Change (February)

◇ Lunch & Commute Weather

○ Lowest temperature 0℃(0℃) ｜ Highest temperature: 8℃(▼4℃)
○ Precipitation probability morning 20%｜afternoon 20%
○ Fine dust morning good｜afternoon good

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