Stocks Breathe Easier on Tariff Relief [3-Minute Brief]

[At a Glance]
1. Bitcoin up 40% since mid-April, profit-taking follows
2. US-China trade war enters "truce" phase... What are the key issues?
3. "Skilled retiree" reemployment stands out in the auto industry

MARKET INDEX : Year to date

○ US-China tariff deal, April CPI slowdown

○ Nvidia rises 5.6% on Saudi AI chip supply

○ S&P500 erases this year's losses and turns to positive returns

Top3 NEWS

■ Bitcoin recovers $100,000... Growing optimism for virtual assets

○ Risk appetite increases as concerns over US tariff policy ease

○ Virtual asset outlook brightens as uncertainties are resolved

○ Expectations for virtual assets such as Bitcoin are rising again

■ What are the key issues in future US-China negotiations? ...Semiconductors, AI, and strategic minerals likely to be discussed

○ Key issues for upcoming negotiations

○ Full-scale discussions expected in technology and resource sectors

○ Fentanyl and TikTok also likely to be on the negotiation table

■ Auto industry, which opposes retirement age extension, is rehiring

○ Hyundai Motor and Kia's 'skilled rehire' program

○ Implemented for retirees since 2019

○ GM Korea also set to begin discussions soon

Graphic News: "Stablecoins shake currency stability"?calls for regulation continue

○ As the use of stablecoins such as Tether increases, there are concerns about undermining the stability of the existing system

○ While useful as a means of transaction, they are vulnerable to market shocks and there are issues with issuer credibility

○ Need for regulation distinct from general virtual assets is being raised

the Chart: Pepero hampered by 'cocoa'... Lotte Wellfood's profitability 'in the red'

○ Impact of rising cocoa prices continues

○ Five securities firms lower target prices... Investment rating downgraded to 'hold'

○ Price increase effect to be reflected from Q2

Today's Key Schedule

○Domestic

KOSDAQ Intocell, confirmed public offering price at 17,000 won

○International

05:30 US API weekly crude oil inventories

07:45 New Zealand card spending index (MoM) (April)

15:00 Germany consumer price index (MoM) (April)

15:30 India wholesale price inflation (YoY) (April)

18:00 China new loans (April)

23:30 US crude oil inventories

◇Lunch & Evening Commute Weather

○Lowest temperature: 15℃ (0℃) ｜Highest temperature: 26℃ (▲1℃)

○Precipitation probability: 0% in the morning | 10% in the afternoon

○Fine dust: Moderate in the morning | Moderate in the afternoon

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