KOSPI Wavers at 4,000... Sidecar Triggered Amid Sell-Off [3-Minute Brief]

[At a Glance]
① KOSPI breaks below 4,000 amid 'AI bubble' fears... Sidecar triggered for the first time in 7 months
② Bitcoin continues its downward slide, finally falling below $100,000... First time since June
③ Foreign exchange reserves reach $428.8 billion, the highest in 21 months... Reclaiming 9th place globally

MARKET INDEX

○The New York Stock Exchange rebounded, shaking off concerns over an 'AI bubble.'

○Perceptions of excessive declines attracted bargain hunters.

○Expectations for the approval of Elon Musk's $1 trillion compensation plan sent Tesla shares soaring by 4%.

TOP 3 NEWS

■ KOSPI breaks below the 4,000 mark... Warning lights for 'simultaneous correction' in asset markets

○Sharp declines in US tech stocks and foreign investor selling weighed on the market.
○KOSPI sidecar triggered... KOSDAQ also fell below the 900 mark.
○Experts say, "Foreign investors are not betting on further declines... The plunge is excessive."

■ [Bitcoin Now] Bitcoin falls below $100,000... 'Tech stock shock' amid triple whammy

○Expectations for US interest rate cuts have receded.
○Anxiety persists after large-scale liquidations in October.
○A 'hacking incident' has also shaken the foundation of trust.

■  Foreign exchange reserves rise above $428.8 billion... Largest in 2 years and 9 months

○At the end of October, foreign exchange reserves stood at $428.82 billion.
○Up $6.8 billion from $422.02 billion at the end of the previous month.
○Increase driven by higher investment returns and new issuance of foreign currency stabilization bonds.

the Chart: KakaoBank's cumulative net profit for Q3 reaches 375.1 billion won... 'All-time high'

○Interest income increased due to household loan regulations.

○Non-interest income also boosted performance.

○Overseas expansion is progressing smoothly.

Money-Making Law

■ "Coin discounts, guaranteed profit"... Series of heavy sentences for 'leading room' scams

○Four defendants sentenced to 3-8 years in prison.
○Promoted sales at discounted prices.
○Fraudulently obtained 3.7 billion won after promoting mergers and acquisitions and backdoor listings.
☞Read the article:  https://www.asiae.co.kr/article/lawtimes/2025110515373916930

■ Hyeonamsa halts production of large law books... Small law books for exam takers remain

○Production of 'Small Law Book' and 'Tax Law' also discontinued.
○Driven by rising digital demand.
○Uncertainty over public institution budgets for law book purchases.
☞Read the article:  https://www.asiae.co.kr/article/lawtimes/2025110515441938102

■ "WBG legal team goes beyond support to lead development issues," says Chief Legal Officer and Senior Vice President Stephans

○Preference for experienced professionals in relevant fields.
○Talent recruited from law firms worldwide.
○"An efficient legal ecosystem is key to economic development."
☞Read the article:  https://www.asiae.co.kr/article/lawtimes/2025110515540463048

※ 'Money-Making Law,' a content partnership section between The Asia Business Daily and Law Times, is published every Tuesday and Thursday.

Today's Key Schedule

○Domestic

KOSDAQ Green Optics subscription; expected public offering price: 14,000-16,000 won

KOSDAQ The Pinkfong Company subscription; expected public offering price: 32,000-38,000 won

○International

00:00 US ISM Non-Manufacturing Purchasing Managers Index (October)

00:00 US Department of Labor JOLTS (Job Openings and Labor Turnover Survey) (September)

00:30 US crude oil inventories

09:30 Japan Services Purchasing Managers Index (October)

16:45 France Non-Farm Employment Index (QoQ) (Q3)

18:30 UK Construction Purchasing Managers Index (October)

21:00 UK interest rate decision (November)

22:30 US initial jobless claims

◇Lunch & Evening Weather

○Lowest temperature: 7°C (▲1°C) ｜Highest temperature: 19°C (▲1°C)
○Precipitation probability: 0% in the morning｜10% in the afternoon
○Fine dust: Moderate in the morning｜Moderate in the afternoon

Just three minutes for the essential, high-value economic news. Published daily at 8:00 a.m.