National Pension Service Makes Aggressive Investments in US Stocks... 18.7 Trillion Won in Q3 Valuation Gains [3-Minute Brief]

[At a Glance]
① National Pension Service makes aggressive investments in US stocks... Gains 18 trillion won in Q3
② 'All-in' borrowers reach their limits... Rising interest burdens drive up delinquency rates
③ "Stock market expected to resume upward trend after short-term correction"

MARKET INDEX : Year to date

○US New York stock market falls as concerns over an 'AI bubble' resurface

○Investor sentiment weakens after report of a sharp surge in layoffs in October

○Overall risk appetite declines, pushing down international oil prices

Top 3 NEWS

■ Earned 18 trillion won in three months... What did the National Pension Service buy to achieve such a massive success in US stock 'betting'?

○Focused investments in Nvidia, Apple, and others
○Value of US stock holdings up 11.2%
○New additions include defense and aerospace stocks

■ Aftermath of low-interest ‘all-in’ loans... Mortgage delinquency rates remain high despite rate cuts

○Borrowers who took out ultra-low interest loans five years ago now face high-interest rate repercussions
○Rising interest burden leads to higher delinquency rates: 0.15% to 0.35% over five years
○Mortgage rates remain high even as interest rates fall

■ Expected short-term correction, market projected to rise again from December

○KOSPI drops more than 2% for two consecutive days; falls below 3,900 intraday
○Rapid gains have fueled ongoing concerns over a possible short-term correction
○Short-term corrections during past bull markets tended to last 40 to 50 days

Graphic News: Binggrae's 'Banana Flavored Milk' benefits from the Jensen Huang effect

○The Jensen Huang effect boosts convenience store sales by 14.5%

○Annual sales expected to reach 260 billion won this year, with cumulative sales of 9.9 billion units

○Binggrae actively leverages this in its marketing

the Chart: "Excessive lending to real estate sector... Hinders national resource allocation efficiency"

○Real estate sector lending concentration is the highest among all industries

○Efficiency of national resource allocation is declining

○Risks are increasing, including lower growth rates and heightened financial risks

Today's Key Schedule

○Domestic

KOSDAQ Innotech listing, final offering price: 14,700 won

KOSDAQ Green Optics subscription, final offering price: 16,000 won

KOSDAQ The Pinkfong Company subscription, final offering price: 38,000 won

○International

00:00 Canada Ivey Purchasing Managers Index (October)

01:00 Speech by US FOMC member Williams

02:00 US Atlanta Fed GDPNow (Q4)

08:30 Japan Household Spending (MoM) (September)

16:00 UK Halifax House Price Index (MoM) (October)

19:00 Germany New Car Registrations (YoY)

◇Lunch & Evening Commute Weather

○Lowest temperature: 9℃ (▲2℃) ｜Highest temperature: 20℃ (▲1℃)
○Chance of precipitation: 20% in the morning, 20% in the afternoon
○Fine dust: Poor in the morning, Moderate in the afternoon

Everything you need in just 3 minutes: essential, value-for-time economic news. Published daily at 8:00 AM.