KOSPI's Roller-Coaster: Buy-Sidecar Triggered After Sharp Plunge and Surge [3-Minute Brief]

[At a Glance]

1. KOSPI rebounds sharply, triggering a buy-sidecar

2. Interest rate hike expectations amid volatile international oil prices

3. Exchange rate swings on Iran war concerns... 1,500 won under threat

MARKET INDEX : Year to date

○The New York Stock Exchange closed flat amid conflicting claims about the Hormuz escort issue.

○Most technology stocks ended higher as oil prices continued to decline.

○Gold prices rose as demand increased amid a weaker dollar.

Top3 NEWS

■ This time, a 'buy-sidecar'... KOSPI rebound ignites again

○Trump: "War with Iran will end quickly"
○International oil prices that had surged suddenly plummeted
○KOSPI's decline highlights undervaluation appeal

■ Volatile oil prices, rate cuts disappear... US and Europe in 'tightening mode'

○Possibility of one Fed rate cut this year
○70% probability of two rate hikes in Europe within the year
○Longer war prospects raise inflation concerns

■ Exchange rate threatens 1,500 won... Financial Supervisory Service convenes banks for emergency foreign currency funding review

○Oil price surpasses 100 dollars, pushing the KRW/USD exchange rate above 1,490 won
○Stagflation concerns drive increased demand for the safe-haven dollar
○On the 11th, key bank executives in charge of foreign currency funds are called in

Graphic News: With Middle East turmoil shaking the markets, is the case for rate hikes strengthening?... What to watch at the Monetary Policy Committee meeting in four weeks

○Whether the war drags on is a key factor that could determine the direction of monetary policy.

○The Bank of Korea's inflation outlook of 2.2% is based on an 'annual average oil price of 64 dollars.'

○Attention is on how much the duration of high oil prices will push up this assumption.

the Chart: Last year's per capita GNI was $36,855... Overtaken by Taiwan and Japan

○Per capita GNI stands at $36,855... Flat for three consecutive years due to high exchange rates

○Beneficiary Taiwan from semiconductor boom and Japan, which changed its base year, both surpassed Korea

○Estimated to rank 7th globally among countries with a population of 50 million

Key Schedule for Today

○Domestic

Initial public offering for IMBiologics on KOSDAQ, subscription period March 11-12, expected IPO price 19,000-26,000 won

○International

16:00 Germany Consumer Price Index (MoM) (February)

19:00 OPEC Monthly Report

21:30 US Consumer Price Index (MoM) (February)

23:30 US Crude Oil Inventory

◇Lunchtime & After-work Weather

○Lowest temperature 0℃(▲1℃) ｜Highest temperature: 8℃(▼1℃)
○Precipitation probability: 30% morning｜30% afternoon
○Fine dust: Moderate morning｜Moderate afternoon

All you need in 3 minutes: essential, cost-effective economic news. Published every day at 8 a.m.

This content was produced with the assistance of AI translation services.