Foreign Investors Drive KOSPI to All-Time High with 3 Trillion Won Net Buying [3-Minute Brief]

[At a Glance]
1. Foreign investors lead 3 trillion won buying spree... KOSPI hits record high
2. Gold prices soar, gold banking balances surpass 1 trillion won... all-time high
3. Exports up 3.8% from the 1st to the 10th... Exports to the US down 8.2% due to tariffs

MARKET INDEX : Year to date

○New York stock markets all hit record highs on expectations of interest rate cuts

○Focus shifts from inflation to employment slowdown... 25bp cut in September seen as likely

○Tesla rises 6%... International oil prices fall 2% on oversupply concerns

Top 3 NEWS

■ Foreign investors return in September with "Buy Korea"... SK Hynix sees 1.6 trillion won in full-scale buying

○KOSPI hits an all-time high, an unprecedented milestone
○Foreign investors lead a net buying rally of 3 trillion won
○Close attention paid to the nature of US interest rate cuts and real economic indicators

■ Gold prices at all-time highs spark a "gold rush"... Large sums flow into gold banking

○Gold banking balances surpass 1 trillion won this year
○Number of accounts exceeds 300,000
○Gold prices up 53% over the past year

■ Exports up 3.8% through the 10th of this month... Exports to the US down 8.2%

○Korea Customs Service releases export-import data for September 1-10
○Semiconductor boom drives increased exports to Vietnam and Taiwan
○Exports to the US sluggish due to tariff effects

Graphic News: Plunging earnings and rising bad debt, the balloon effect of household loan regulations

○First half earnings this year halved compared to last year

○Increase in corporate loans due to real estate project financing bad debt

○Continued household loan regulations make portfolio adjustments inevitable

the Chart: KOSPI breaks through the 3,300 mark, securities stocks beam

○KOSPI breaks through 3,300 for the first time in 4 years and 2 months, setting a new record high

○Securities stocks' recent strength supports KOSPI's rise above 3,300

○KRX Securities Index up 12% this month on policy expectations

Today's Key Schedule

○Domestic

○International

03:00 US Federal Budget Balance (August)

07:30 New Zealand Business PMI (August)

15:00 UK GDP (MoM) (July)

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

15:45 France Eurozone Harmonized CPI (MoM) (August)

20:30 China New Loans (August)

23:00 US Michigan 5-Year Inflation Expectations (September)

◇Lunch & Evening Commute Weather

○Lowest temperature: 21°C (▲1°C) ｜Highest temperature: 28°C (▼4°C)
○Chance of precipitation: 10% in the morning | 60% in the afternoon
○Fine dust: Good in the morning | Good in the afternoon

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