Tariff Deferral Provides Some Relief... Still Unsettling [3-Minute Brief]

[At a Glance]
① Trump announces tariff exemption just 13 hours after mutual tariffs
② Korean won value swings sharply amid tariff war shock
③ Samsung Electronics to begin mass production of Exynos 2600 in November

MARKET INDEX : Year to date

○ US New York stock market's three major indices all plunged around 5%
○ US-China trade war, renewed concerns over economic slowdown... surge in sell-offs

○ US 30-year Treasury yield up 7bp... selling pressure continues

Top3 NEWS

■ 'Trump's Whim'… China hit with 125% tariff bomb, other countries granted 90-day sudden exemption

○ Full mutual tariffs enforced after 13 hours
○ 125% tariff on China immediately effective… focus of firepower on China
○ Was it due to concerns over financial market turmoil and recession warnings?

■ "Tariff fear and relief-driven sharp fluctuations" Future movements seen through the characteristics of the Korean won

○ US-China tariff war, uncertainty over negotiations within 90 days remains
○ Korean won, highly correlated with global trade volume, risk- and economy-sensitive currency
○ "Volatility will persist for a while, gradual decline expected in the second half"

■ Samsung Electronics' first 2-nanometer product to be released this November

○ Exynos 2600 mass production schedule confirmed for November this year
○ Priority for Galaxy S26 to be released in Q1 next year
○ Expectations for 2nm yield stabilization and foundry rebound

Graphic News: "No executives take responsibility even if hundreds of billions are skimmed from below" [Accountability Structure Dilemma]

○ Accountability structures are a desperate measure to prevent increasing financial accidents every year
○ No executives take responsibility even when financial accidents occur
○ Expected to eliminate scapegoating style evasion of responsibility

the Chart : KOSDAQ losing strength, foreigners and institutions also 'failing grades'

○ Comparison of returns of top stocks by net buying of foreigners and institutions over the past month

○ Foreigners focused buying on Rainbow Robo, Ligachem, Philoptics, etc.

○ Institutions 'buy' Alteogen, EcoPro, Silicon Two

Today's Key Schedule

○Domestic

○Overseas

01:00 US WASDE Report

02:00 US 30-year Treasury Auction

03:00 US Federal Budget Balance (February)

05:30 US Federal Reserve Balance Sheet

15:00 UK GDP (MoM) (February)

15:00 Germany Consumer Price Index (MoM) (March)

19:00 European Eurozone Finance Ministers Meeting

21:30 US Producer Price Index (MoM) (March)

◇ Lunch & Commute Weather

○ Lowest temperature 8℃(▼1℃) ｜ Highest temperature: 22℃(▼2℃)
○ Precipitation probability Morning 0%｜Afternoon 0%
○ Fine dust Morning Moderate｜Afternoon Moderate

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