$350 Billion, 15%... Dramatic Korea-US Tariff Deal Reached [3-Minute Brief]

① Mutual tariffs set at 15%... Korea-US trade talks, summit to be arranged within two weeks
② Benefiting from autos and semiconductors, but June economic recovery remains "unclear"
③ Fed holds benchmark rate at 4.25-4.5% for fifth consecutive time

MARKET INDEX : Year to date

○All three major New York stock indices closed down

○Mutual tariffs set to take effect on August 1

○Microsoft, following Nvidia, hits $4 trillion market cap during trading

Top3 NEWS

■ Korea to invest and purchase $630 trillion in the US, lowering mutual and auto tariffs to 15%... "Korea-US summit within two weeks" (Comprehensive)

○Trump: "15% tariffs on Korea"
○Korea pledges $630 trillion in investment and energy purchases
○Same 15% as Japan and the EU, but... Korea-US FTA effectively nullified

■ Slight rebound in production and consumption in June, but investment continues to deteriorate... Weak economic recovery (Comprehensive)

○June Statistics Korea industrial activity trends
○Production up 1.2%, consumption up 0.5%
○Investment posts 'minus' for fourth consecutive month

■ US Fed holds rates again with 'two dissenting votes'... Powell: "September rate path undecided" (Comprehensive)

○Two members support rate cuts under Trump pressure
○Powell: "Need to monitor tariff-induced inflation"
○Hawkish comments push September rate hold forecast up to 34%

Graphic News: Large-cap stocks 'stir' while partners 'jump'... Different winners in order jackpot

○KOSPI giants like Samsung Electronics and LG Energy Solution secure consecutive big deals

○While large-caps see single-digit gains, partner companies hit upper price limits

○Spread of buying sentiment from large-caps to small and mid-caps is a positive sign

the Chart: Ship engines outpace shipbuilders... HD Hyundai Marine 'on a roll'

○Up 179% year-to-date... Engine division utilization rate at 86.1% in Q1

○Production capacity expected to expand as engine demand rises

○"Increased deliveries likely boosted both sales and profits"

Today's Key Schedule

○Domestic

KOSPI listing of Daehan Shipbuilding on the 1st, final IPO price at 50,000 won

09:00 Korea trade balance (July)

○Overseas

16:50 France Manufacturing PMI (July)

16:55 Germany Manufacturing PMI (July)

18:00 Consumer Price Index (YoY) (July)

21:00 Brazil Industrial Production (YoY) (June)

21:30 US Average Hourly Earnings (MoM) (July)

21:30 Nonfarm Payrolls (July)

21:30 Unemployment Rate (July)

22:45 US Manufacturing PMI (July)

◇Lunch & Evening Commute Weather

○Lowest temperature 27°C (▼1°C) ｜Highest temperature: 36°C (0°C)
○Precipitation probability: 10% in the morning | 20% in the afternoon
○Fine dust: Good in the morning | Good in the afternoon

Just 3 minutes for essential, high value-for-time economic news. Published daily at 8:00 AM.