KOSPI Breaks Above 3,200 Intraday... KOSDAQ Also Reclaims 800 Mark [3-Minute Brief]

[At a Glance]
1. KOSPI breaks above 3,200 for the first time in 3 years and 10 months
2. Four major domestic defense companies expected to surpass 1 trillion won in Q2 operating profit for the first time
3. Next year's minimum wage set at 10,320 won... a 2.9% increase

MARKET INDEX : Year to date

○ The three major U.S. stock indexes closed lower.

○ Trump imposed a 35% tariff on Canada and around 20% tariffs on other countries.

○ Risk aversion sentiment is spreading.

Top3 NEWS

■ KOSPI's 'unstoppable rally' breaks above the 3,200 mark intraday for the first time in 3 years and 10 months

○ KOSPI surpassed the 3,200 level for the first time in 3 years and 10 months.

○ KOSDAQ also reclaimed the 800 mark, while SK hynix surpassed 300,000 won.

○ Policy momentum and liquidity are driving the stock market rally.

■ Defense industry's 'Big 4' on track to surpass 1 trillion won in quarterly operating profit for the first time

○ Sales in the 9 trillion won range.

○ This year's operating profit is expected to exceed 2 trillion won.

○ The government's defense export target of $20 billion appears achievable.

■ Next year's minimum wage set at 10,320 won... First labor-management agreement in 17 years

○ First agreement in 17 years since 2008.

○ Labor community expresses concern over the low rate of increase.

○ Management says, "This agreement is to overcome a complex crisis."

Graphic News: The 'silent' tax hike on salaried workers... Income tax brackets need adjustment

○ Since last year, labor income tax has exceeded corporate tax.

○ The basic deduction should be expanded.

○ Some income tax brackets need to be raised.

the Chart: KT&G, active shareholder returns on the back of K-tobacco's popularity... Target prices raised by securities firms

○ Overseas cigarette sales are increasing rapidly.

○ K-tobacco is enjoying strong popularity.

○ 3.7 trillion won in shareholder returns... An additional 1 trillion won is expected through real estate cash generation.

Today's Key Schedule

○Domestic

On the 14th, Dowinsys KOSDAQ subscription, final public offering price set at 32,000 won.

○International

12:00 China Trade Balance (USD) (June)

13:30 Japan Industrial Production (MoM) (May)

19:00 Germany Buba Monthly Report

19:00 Eurozone Finance Ministers Meeting

19:00 China New Loans (June)

◇Lunch & Evening Commute Weather

○ Lowest temperature: 23°C (▼1°C) ｜ Highest temperature: 34°C (▼1°C)

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

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

All you need in 3 minutes: must-know, value-for-time economic news. Published daily at 8 a.m.