'Triple Weakness' Risk Rekindled... Will 'Sell America' Continue? [3-Minute Brief]

① Credit rating downgraded amid 'Sell America' concerns
② Banks supply 58.6% of real estate credit
③ LG Energy Solution, Samsung SDI, LG Chem, and EcoPro hit new 52-week intraday lows

MARKET INDEX

○Opened lower but closed higher... Dow up 0.32%
○US Treasury yields stabilize after sharp rise, dollar weakens
○Wall Street: "All negative factors are already known to investors... nothing new"

TOP 3 NEWS

■ 'Sell America' fears spread... Impact on Asian stock markets?

○Even Moody's downgrades US credit rating
○US stock futures all decline
○Concerns over renewed 'triple weakness' risk in currency, bonds, and stocks

■ Banks supply 60% of real estate credit... Need to expand corporate finance by easing capital regulations

○Easier way for banks to raise capital
○Corporate loans are unfavorable for capital soundness
○Limits to easing RWA regulations... Basel III compliance required

■ Secondary battery stocks hit new lows one after another... Stock price recovery remains distant

○LG Energy Solution falls below 300,000 won for the first time since its January 2022 listing
○Investor sentiment weakens due to US policy uncertainty
○Full earnings recovery expected from next year

Graphic News: "It's hard to make a living"... Bad debt surges at the four major financial groups

○Clear increase in non-performing loans at financial holding companies due to economic downturn
○Profitability has improved, but asset quality management is still needed
○Downward trend remains clear even when expanded to the top 10 financial institutions

Money-Making Law

■ Using technology acquired while employed to develop products is not embezzlement unless the materials are critical

○Taking out technology data is not embezzlement
○Supreme Court: "The materials are not major assets"
○"Developing similar products is not a crime"
☞Read the article:  https://www.asiae.co.kr/article/social-general/2025051915471169197

■ Legal services post record-high deficit

○First quarter deficit: $361.3 million
○Up 64% from the same period last year
○High dependence on foreign law firms
☞Read the article:  https://www.asiae.co.kr/article/social-general/2025051915511786010

■ When 'direct payment agreement' is made for subcontract payments, subcontractors gain direct claim rights

○Direct claim right created by direct payment agreement
○Seizure applies to already extinguished claims
○Supreme Court overturns lower court decision
☞Read the article:  https://www.asiae.co.kr/article/social-general/2025051916004440555

※ "Money-Making Law," a content partnership between Asia Economy and Law Times, is published every Tuesday and Thursday.

Today's Key Schedule

○Domestic

KOSDAQ Shinhan No.16 SPAC subscription, final public offering price 2,000 won

KOSDAQ BioVisu listing, final public offering price 9,100 won

○Overseas

10:00 People's Bank of China (PBoC) Loan Prime Rate (May)

13:30 Australia interest rate decision (May)

15:00 Germany Producer Price Index (MoM) (April)

21:30 Consumer Price Index (MoM) (April)

◇Lunch & Evening Commute Weather

○Lowest temperature: 17°C (▲5°C) ｜Highest temperature: 27°C (▼6°C)
○Precipitation probability: 60% in the morning | 20% in the afternoon
○Fine dust: Moderate in the morning | Moderate in the afternoon

Just 3 minutes, essential and cost-effective economic news. Published daily at 8 a.m.