Home » today » Business » Major News Summary of the Day: Superconductor Stock ‘Warrr’ Plunges, Gold Price Soars, and Moody’s Downgrades US Banks

Major News Summary of the Day: Superconductor Stock ‘Warrr’ Plunges, Gold Price Soars, and Moody’s Downgrades US Banks

© Reuters. [주요] Summary of major news on the 8th, including superconductor-themed stock ‘Warr’ at the announcement of the US research institute

[알파경제=김우림 기자]

◇ Superconductor-themed stock ‘Warrr’ at the presentation of the US research institute

Regarding ‘LK-99’, which the domestic research institute claims to be a room-temperature superconductor, the Condensed Matter Theory Center (CMTC) of the University of Maryland, USA, stated, “LK-99 is not a superconductor,” Deokseong (-29.41%) and Seowon (-24.02%) , Daechang (-18.05%), and LS Cable & System Asia (-12.61%), etc., plunged.

◇ As the financial market fluctuated, the price of gold soared

As the financial market fluctuated for more than a year, including inflation, interest rate hikes, and bank defaults, the price of gold, considered a “safe asset,” rose 8% this year alone, to the current $1,970 per troy ounce (about 2.58 million won). This is close to the previous high of $2069.40 per troy ounce (about 2.7 million won), which was taken in 2020.

◇ Moody’s downgrades the ratings of 10 small and medium-sized banks in the US

International credit rating agency Moody’s announced that it has downgraded the credit ratings of 10 US small and medium-sized banks, including M&T Bank, Webster Financial, and BOK Financial. Moody’s also warned that the ratings of large banks such as US Bancorp, BNY Mellon Bank, State Street and Truest Financial could be downgraded.

In the second quarter of last year, the manufacturing domestic supply index (provisional) was 107.1, down 1.6% from the same period last year (108.8). The supply index showed an upward trend compared to the same period last year from the first quarter of 2021 to the third quarter of last year, but changed to a downward trend from the fourth quarter of last year. The supply of imported products has turned to a downward trend for the first time in three years.

◇ Regulatory Judgment Department Ordered “Relief of Banking Regulations Inconvenient to the Public” The Regulatory Judgment Department under the Office of Government Policy Coordination caused inconvenience to the public, such as excessively demanding the submission of documents when opening a new bank account or strictly limiting the daily transaction limit to 300,000 won. to the extent of minimizing the impact on the policy to eradicate the cannon passbook.

◇ , pushed to the 2570 line after falling for 5 consecutive trading days

The KOSPI started on an upward trend, surpassed the 2600 line, and then turned down, ending the transaction at 2573.98, down 6.73 points (0.26%) from the battlefield. On this day, in the stock market, foreigners and institutions net sold 138.4 billion won and 442.1 billion won, respectively, pulling down the index, while individuals alone net bought 556.2 billion won.

◇ Current account surplus for two consecutive months in June

As imports decreased more than exports and dividends received from overseas increased, the current account balance was recorded as a surplus of 5.87 billion dollars (approximately 7.675 trillion won) in June. However, the service account deficit widened even more, and the overall current account surplus in the first half shrank to one-tenth of the same period last year.

◇ The nationwide apartment occupancy rate in July was the highest this year

The nationwide apartment occupancy rate in July was 68.7%, up 5.1 percentage points from the previous month. This is the highest so far this year. As Seoul, Incheon, and Gyeonggi all rose, the occupancy rate of apartments in the metropolitan area rose 3.5 percentage points from the previous month to 82.0%, and the non-metropolitan area also rose from 60.4% to 65.9%.

◇ July exports to China, lowest in 3 years and 5 months

China’s July exports fell 14.5 percent year-on-year to $281.76 billion (approximately 369.7 trillion won). The monthly export growth rate turned negative again from May (-7.5%), and the decline widened to -12.4% in June. July is the lowest in 3 years and 5 months since February 2020, right after the outbreak of Corona 19.

◇ Instructing the Governor of the Financial Supervisory Service to inspect and respond to intensive inspection and response to “false rumors of theme stocks” Financial Supervisory Service Governor Lee Bok-hyeon said in relation to the recent surge in theme stocks, “Overheating patterns such as excessive concentration of investors in a short period of time, increased leverage (borrowed investment), and short-term trading are appearing.” Their aggressive expansion of credit loans can encourage ‘debt’, so please manage them so they don’t overheat.”

◇ KB Financial Group (KS:) selects 6 candidates for president, including Jeonglim Park, Jonghee Yang, Dongcheol Lee, and In Heo

The KB Financial Group Chairman Candidate Recommendation Committee selected six candidates for the chairmanship. The candidates included Park Jung-lim, head of the general division of KB Financial Group (CEO of KB Securities) and three vice-chairmen of KB Financial Group, Yang Jong-hee, Lee Dong-cheol, and Heo In, and two external candidates were not disclosed at the request of anonymity.

◇ Park Cha-hoon, chairman of Saemaul Geumgo, will be arrested tonight.

Park Cha-hoon (66), chairman of the Saemaul Credit Cooperative Federation, who is suspected of accepting money and other valuables in connection with the fund investment of the Saemaul Credit Cooperative Federation, was interrogated (warrant review) before arrest at 2:30 pm on the same day. Whether or not to arrest him is expected to be decided tonight.

◇ Fair Trade Commission ‘missing reinforcing bar’ LH apartment supervision company investigation into bid rigging

The Fair Trade Commission is investigating alleged violations of the Fair Trade Act by sending investigators to the offices of some supervisory companies in 15 LH apartment complexes where poor construction has been pointed out. The Fair Trade Commission is said to be looking into whether they colluded in the tender for selecting a supervisory company.

◇ SPC subsidiaries Shani factory again caught in accident

A worker in his 50s at Shani Baking Factory in Seongnam City, Gyeonggi Province, an SPC affiliate, was injured when his stomach was caught in a machine while working and was taken to the hospital in a state of cardiac arrest. SPC said that immediately after the incident, the employee was taken to the company’s first aid and hospital, and all production lines at the factory were immediately shut down.

◇ Online ‘murder notice’ arrests 67 people nationwide

The National Investigation Headquarters of the National Police Agency announced that it had arrested a total of 67 authors of the ‘murder notice’ across the country by 9 am on the same day. Thirty-four people, or 52.3%, of the suspects arrested until the previous day were teenagers. A number of juveniles under the age of 14 who do not face criminal punishment were also included.

2023-08-08 11:20:45
#주요 #Top #news #summary #8th #including #superconductorthemed #stock #Warr #announcement #research #institute #Alpha #Economy #alphabiz

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