Korea Economic Daily

Alibaba unveils self-developed AI chip…attempt to replace Nvidia China's big tech accelerates AI semiconductor competition with government support MetaX, Cambricon and others release alternative chips and see sharp earnings increases Chinese big tech

Trump "Still in effect" intention to appeal The U.S. Court of Appeals for the D.C. Circuit ruled that many of the tariffs imposed by President Donald Trump's administration were illegal. Reuters reported on the 29th (local time) that the U.S. Court o

Personal consumption expenditures, in line with expectations Core inflation up 2.9% year-on-year ↑ "Probability of Fed rate cut 87%" The personal consumption expenditures (PCE) price index, a key indicator the U.S. central bank (Fed) considers when d

KOSPI retreats for the first time in 5 months Hanwha Aerospace down 11% this month Doosan Enerbility down 6% KOSPI securities index also weak Disappointment over tax reform holds back market Trading value down by about 100 trillion won in a month "Se

Shanghai Cooperation Organization meeting to be held on the 31st…China, Russia and India leaders to gather Xi to showcase power with Victory Day and the SCO Efforts to consolidate forces to check US hegemonism Attention on whether a statement critici

UnitedHealth up 21% this month Circle·Figma fell more than 30% Investors targeting 'listing effect' suffer losses Korean retail investors who bet on heavily beaten-down stocks posted favorable results. Meanwhile, investors who bought recently listed

Dissenting opinion arguing for rate cuts at the July FOMC as well "High possibility of additional cuts over the next 3~6 months" Christopher Waller, a Federal Reserve (Fed) governor, suggested that if a clear weakening of the labor market is confirme

In the late July broadcast, warned of "August market risk"…All three declines materialized "Warned in advance while the market was fine"…Emphasized investor preparedness strategies September market: limited rebound at the level of 'geol' or possibili

◆ NVIDIA you can rely on… New York markets close higher The three major U.S. stock indexes closed higher. At the close on the New York Stock Exchange (NYSE) on the 28th Eastern Time, the Dow Jones Industrial Average finished trading at 45,636.90, up

ETF TLT, year-to-date return only 2% U.S. mid- to long-term bond ETFs are posting higher returns than long-term bond ETFs. In a phase when expectations for a U.S. rate cut are rising, long-term bond yields are generally higher, but analysts say a yie

Led by Apple, Alphabet, JPMorgan, etc. U.S. companies are accelerating share buybacks. The size of share buybacks announced this year has surpassed $1 trillion (about 1,390 trillion won). This is the fastest achievement since related statistics began

Mixed reactions to Q2 results Revenue KRW 65 trillion, up 56% year-on-year Data center revenue falls short of expectations Weak H20 chip sales in China weigh on results "Growth potential remains thanks to big tech investment" NVIDIA posted record res

"Discussion of a shared vision for the security of the Korean Peninsula and world peace" President Lee Jae-myung said on the 28th regarding the results of the ROK-U.S. summit, "More than anything, it was meaningful that through candid talks with U.S.

Bessent "Shipbuilding neglected for 40 years An industry that needs self-sufficiency" Scott Bessent, U.S. Treasury Secretary, said on the 27th (local time) that the next target of the Donald Trump administration, which has begun acquiring stakes in d

Successor: Deputy Prime Minister Stefanishyna Ukrainian President Volodymyr Zelenskyy replaced the ambassador to the United States, reportedly in response to complaints from U.S. President Donald Trump. According to Reuters, President Zelenskyy said

Bank of Korea "It was duty-free under the KORUS FTA and then to 15%…impact is large" "Automobiles, metals, machinery hit" As U.S. tariffs that had been exempted under free trade agreements (FTAs) were raised through recent negotiations, an analysis s

The Bank of Korea said it will promote a government program to pay state subsidies totaling 110 trillion won in digital currency as a subproject of the second 'Han River' project. Targeting banks that raised complaints about investment amounts in the

The Bank of Korea said on the 28th that Monetary Policy Board member Shin Seong-hwan voiced a dissenting opinion that "it is necessary to lower the policy rate to an annual 2.25%." With the emergence of the dissenting opinion, assessments have come o

The Bank of Korea on the 28th forecast that the Korean economy will grow by 0.9% this year. The Bank held a Monetary Policy Board meeting on the direction of monetary policy that day and announced this revised economic outlook after keeping the base

On the 28th, the Bank of Korea held the base rate at 2.50% per annum. The Bank said it made this decision after holding a meeting on the direction of monetary policy of the Monetary Policy Committee at the Bank of Korea headquarters on Namdaemun-ro,

NVIDIA Q2 earnings release and conference call Revenue $46.74 billion · EPS $1.05 "AI infrastructure spending could reach $3 to $4 trillion by 2030" "Efforts to resolve geopolitical issues with China"… China excluded from Q3 guidance Global AI chip l

The major indices on the New York Stock Exchange closed higher. Optimism regarding NVIDIA's earnings improved investor sentiment. However, NVIDIA's announced results only slightly beat expectations. On the 27th (local time) at the New York Stock Exch

NVIDIA, the leading artificial intelligence (AI) company, saw its stock weaken in after-hours trading. The company posted strong results that only slightly exceeded expectations, which fell short of investors’ heightened hopes. On the 27th (local tim

Long-term Treasury Yields Rise Daily Due to Mid-to-Long-Term Inflation Concerns NVIDIA Shares Expected to Move 6% Up or Down Tomorrow After Earnings Announcement Ahead of NVIDIA's earnings announcement, the biggest event this week on the US stock mar

Trade Agreement Formalized per EU-U.S. Joint Statement on the 21st The European Union (EU) is pushing to swiftly pass legislation that would abolish all tariffs on U.S. industrial goods by this weekend. Bloomberg News reported on the 27th (local time

AI-driven surprise rally in the Chinese stock market… Fundamentals remain questionable Shanghai Composite Index hits a 10-year high… Global leader in growth rate Ongoing weakness in Chinese economic indicators Shanghai Composite up 12% since July Dri

Lee Chan-jin, the newly appointed Governor of the Financial Supervisory Service, will hold his first roundtable with cryptocurrency exchange CEOs on the 30th of next month. The key agenda is expected to include the introduction of KRW stablecoins and