'Inflation Warning Light' Due to High Exchange Rates... Global IBs Raise Inflation Forecasts [3-Minute Brief]

[At a Glance]
① Global Investment Banks: "Korea to Grow 2.0% Next Year... Inflation to Rise on High Exchange Rates"
② Are Foreign Investors Making a Full Return to KOSPI? Net Buying Streak Continues This Month
③ Government Moves to Exempt Preliminary Feasibility Studies... Accelerating Petrochemical Industry's Shift to Specialty Products

MARKET INDEX : Year to date

○The three major U.S. stock indexes ended mixed, remaining flat overall.

○Private sector employment in November decreased by 32,000 jobs... Expectations for a rate cut are rising.

○Attention is focused on the Federal Open Market Committee (FOMC) meeting scheduled for December 9-10.

Top3 NEWS

■ "Concerns Over High Exchange Rates" - Global Investment Banks Raise Their Inflation Forecasts for Korea

○The average projection for Korea's consumer price inflation rate next year is 1.9%
○There are concerns that a high exchange rate could impact inflation after a time lag.
○However, downward trends in international oil prices and other factors are expected to limit upward pressure.

■ Are Foreign Investors Returning? Net Buying Resumes This Month... Buying Semiconductors Again

○Foreign investors recorded net buying for three consecutive days this month.
○They have shifted to buying semiconductors, which they sold heavily last month.
○KOSPI has rebounded to the 4,000 level thanks to net buying by foreign investors.

■ 'Petrochemical Specialty R&D Preliminary Feasibility Exemption' to Be Announced This Month

○The government roadmap, originally scheduled for November, will be released in the third week of December.
○A large-scale R&D package is being prepared to accelerate the transition to high value-added products.
○NCC business restructuring will also be linked... "No support without reduction."

Graphic News: Korea's Exports Narrow the Gap with Japan... 'Golden Cross' Approaching with Only $27 Billion Difference

○This year's export volume is close to reaching $700 billion.

○As of October, the gap is only $27 billion.

○There is growing anticipation for Korea to surpass Japan for the first time ever.

the Chart: 'Chunsdaq' Santa Rally Anticipation... "Watch for Cash-Rich Stocks"

○KOSDAQ's average monthly return is highest in January and February.

○Capital injections are expected from the National Growth Fund, IMA venture capital, and others.

○The key to spotting rally leaders: focus on 'free cash flow.'

Today's Key Schedule

○Domestic

KOSDAQ NH SPAC No. 32 listing, confirmed offering price: 2,000 won

KOSDAQ Meritz No. 1 SPAC subscription, confirmed offering price: 2,000 won

KOSDAQ Acryl subscription, confirmed offering price: 19,500 won

○Overseas

00:00 U.S. Factory Orders (MoM) (September)

00:00 Canada Ivey Purchasing Managers Index (November)

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

13:30 India Interest Rate Decision

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

16:00 Germany Factory Orders (MoM) (October)

◇Lunch & Evening Commute Weather

○Lowest temperature: -6℃ (▲3℃) ｜Highest temperature: 3℃ (▲1℃)
○Precipitation probability: 20% in the morning｜20% in the afternoon
○Fine dust: Moderate in the morning｜Moderate in the afternoon

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