Samsung Electronics Posts 12.1 Trillion Won in Q3 Operating Profit, Highest in Three Years [3-Minute Brief]

[Quick Take]
① Samsung Electronics posts 12.1 trillion won in Q3 operating profit, up 31.8% year-on-year
② Real estate boom in Seongnam and Hanam, Gyeonggi Province...Investment demand floods into the court auction market
③ Nobel laureates Mokyr and Howitt cite "openness" as the driving force behind Korea's economic growth

MARKET INDEX : Year to date

○The three major U.S. stock indexes closed mixed, with the market fluctuating in response to statements from Trump.

○Trump posted on social media that he is "reviewing the suspension of trade in cooking oil and some other goods with China."

○Tensions are rising ahead of the U.S.-China summit at the end of this month.

Top3 NEWS

■ 'The Beginning of the Semiconductor Supercycle' Samsung Electronics posts 12.1 trillion won in operating profit, recording all-time high revenue

○Operating profit: 12.1 trillion won, Revenue: 86 trillion won
○Operating profit up 31.8% year-on-year
○Samsung cites improvement in memory market conditions as the main factor

■ Bundang below heaven, Hanam below Bundang..."Reconstruction is coming" - Active auctions for old apartments [Real Estate AtoZ]

○Bundang records auction winning bid rates in the 90% range for four consecutive months
○Hanam sees an increase in the number of auction date changes
○Despite restrictions on auction loan financing, the auction market remains overheated

■ Nobel Laureates Mokyr & Howitt: "Korea's only challenge is low birthrate...Cross-border openness is the engine of innovation"

○Joel Mokyr: "Korea's success is due to openness and technology inflow...Low birthrate is the only risk"
○Peter Howitt: "The inflow of new ideas and innovation is the solution to low birthrate"
○Diverging views on AI-Howitt says "regulation is necessary," Mokyr says "it's just a tool"

Graphic News: [Why&Next] First verbal intervention by FX authorities in a year and a half-What’s different from 1,430 won last spring?

○Authorities judge that the level is high and volatility is significant
○Closing at the highest level since April 29 (1,437.3 won)
○The view of '1,400 won as the new normal' is spreading, but... "Variables need to be monitored"

the Chart: "Is the correction over?"...Entertainment stocks rebound

○Despite a strong index in September, entertainment stocks remained weak
○"Uncertainty between Korea and China continues"
○"Expectations are rising for next year's BTS world tour and even Big Bang's return"

Key Schedule Today

○Domestic

08:55 Export value (YoY) (September)

08:55 Import value (YoY) (September)

08:55 Trade balance (September)

12:00 M2 money supply (August)

○International

01:20 U.S. Federal Reserve Chair Powell speech

04:25 U.S. Federal Reserve Governor Waller speech

13:00 Japan industrial production (MoM) (August)

17:00 Speech by Buch, Vice President of the German Bundesbank

18:00 Eurozone industrial production (MoM) (August)

21:30 U.S. New York Empire State Manufacturing Index (October)

◇Lunch & Evening Commute Weather

○Lowest temperature 16℃(▲1℃) ｜Highest temperature: 24℃(▲3℃)
○Chance of precipitation: 30% in the morning｜60% in the afternoon
○Fine dust: Good in the morning｜Good in the afternoon

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