Economy21 대경 본부장 Headquater of Daegu GB Branch
Joined September 2009
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Pio Chun retweeted
BREAKING: Stock markets in 7 places are breaking at the same time.
This is what 2008 looked like in week 1. A few markets. A few red days. Nobody called it a crisis.
1/ Japan: the Nikkei fell 5.8% today. It is now 20% below its high. Officially a bear market.
2/ South Korea: the KOSPI fell 5.3% yesterday and 4.6% more today. It is down 44% from its 2026 high.
3/ Taiwan: down 4.5% today, 20% below its high. The island that makes the world's AI chips is in a bear market.
4/ Europe: the main index sits 1% under its record. Under it, sector after sector is breaking. Chip makers Infineon and STMicro -48%. Luxury houses -36% to -41%. Carmakers -31% to -62%. Defence giant Rheinmetall fell 16% in one day.
5/ Crypto: Bitcoin is at $75,482. 30% below its high.
6/ Big Tech: Nvidia -24% from its high. Meta -22%. Alphabet -30%. Oracle -54%. All in bear market territory.
7/ USA: the Nasdaq 100 fell 6.4% yesterday, its WORST day since the COVID crash. Chip stocks fell 12% in one session. The S&P 500 has lost more than $4 trillion since early October.
Now zoom out.
In 2020 the world printed money to stop the COVID crash. The Fed's balance sheet went from $4.2 trillion to about $9 trillion. Stocks went from record to record.
Then prices never cooled. US inflation is 3.7%. Europe is at 4%. The Iran war pushed oil up 64% this year.
So rates are going UP again. The Fed raised in September. Australia raised this week. The ECB raised twice this year.
And the AI giants are spending up to $828 billion this year. 4 of the 5 biggest spenders burned more cash than they made last quarter.
In 2020 the money printer delayed the crash. Nobody is calling this a crisis yet. But central bankers already plan for the day prices stay high. They are still raising rates into the fall.
The Bank of England raised rates yesterday, its first hike since 2023. The Richmond Fed president said the Fed "will have to raise interest rates further."
You gonna regret now following me.
Pio Chun retweeted
🤖 TOP 20 COUNTRIES BY INDUSTRIAL ROBOT DENSITY
1. 🇰🇷 South Korea — 1,220
2. 🇸🇬 Singapore — 818
3. 🇩🇪 Germany — 449
4. 🇯🇵 Japan — 446
5. 🇸🇪 Sweden — 377
6. 🇩🇰 Denmark — 329
7. 🇸🇮 Slovenia — 315
8. 🇺🇸 USA — 307
9. 🇹🇼 Taiwan — 302
10. 🇨🇭 Switzerland — 294
11. 🇳🇱 Netherlands — 293
12. 🇦🇹 Austria — 272
13. 🇨🇦 Canada — 241
14. 🇮🇹 Italy — 237
15. 🇧🇪 Belgium — 232
16. 🇨🇿 Czechia — 216
17. 🇸🇰 Slovakia — 210
18. 🇫🇷 France — 195
19. 🇫🇮 Finland — 183
20. 🇪🇸 Spain — 183
World average — 132
Source: IFR, World Robotics 2025
Pio Chun retweeted
Annual spending on US data center construction reached a record $96.5B in September, up 90% in a year.
That’s ~2.1x the rate for office construction.
Over the same period, US private construction overall fell ~4%.
'냉면이 목구멍에 넘어 갑니까' 리선권, 최고인민회의 부의장서 해임된 듯 (출처 : 네이버 뉴스) naver.me/xRgrwpn3
Pio Chun retweeted
La buena noticia del PIB 👇
📈 Productividad por hora: +0,4% interanual (−0,2% en el 2T)
📈 Por puesto de trabajo: +1,1% (0,3% en el 2T)
El PIB crece más que el empleo. Esperemos se confirme con el dato definitivo y se afiance los próximos trimestres
#PIB
Pio Chun retweeted
[EXCLUSIVE] REUTERS: CHINA'S YMTC WANTS 70% HOMEGROWN CHIPMAKING EQUIPMENT IN ITS NEXT NAND FAB
Reuters reports that YMTC plans to begin building its fourth factory in Wuhan in 2027, targeting advanced NAND chips with more than 300 layers.
The company aims to source 60% to 70% of its equipment domestically, up from just over 50% at its third fab.
A major step in China's semiconductor self-sufficiency push.
How quickly can Chinese equipment makers close the technology gap?
And what does this mean for Samsung and SK Hynix?
More semiconductor news from Korea and beyond on Antfeed. Free on iOS and Android!
#YMTC #NAND #Samsung #SKHynix #China #Semiconductors #Chipmaking
5천선 턱걸이 한 코스피…美 '블루쓰나미' 후폭풍 직격탄 (출처 : 네이버 뉴스) naver.me/GT4RoVoH
Pio Chun retweeted
대한민국 독립영화의 매력을 소개하는
〈영화로운 K｜독립영화 즐겨찾기 EP.02〉✨
두 번째로 소개할 작품은
🎞️ 정다희 감독 〈옷장 속 사람들〉
🎞️ 정혜윤 감독 〈졸음쉼터〉입니다.
두 편의 작품을
〈독립영화 즐겨찾기〉에서 미리 만나보고,
11월 1일부터 15일까지 운영되는
인디그라운드 온라인 상영관에서
전편을 감상해 보세요!
이 밖에도 다양한 독립영화가 상영될 예정이니,
많은 관심 부탁드립니다.🥰
🍿인디그라운드 온라인 상영관 안내🍿
🧷상영 기간: 11월 1일(일) ~ 11월 15일(일)
🧷관람 방법: 인디그라운드 회원 대상 무료 관람
🧷관람 링크: indieground.kr
#영화로운K #영화로운케이
#대한민국독립영화 #독립영화 #한국독립영화
#문화체육관광부 #문체부
#영화진흥위원회 #인디그라운드
Pio Chun retweeted
The Taiwan line at 220% of GDP is mostly price, not flow, I'd suggest. When market caps double on an AI re-rating, this ratio moves without a single net inflow. The pullback at the end rather confirms it.
Pio Chun retweeted
Renewed nervousness of the BOJ's ability to hike is in keeping with the pattern since 2024.
Pio Chun retweeted
All the supply:demand indicators show Japan's labour market v tight. Wage data aren't so consistent. Headline wage growth is 4% YoY, which is robust. But another cut of the same data show wages rising 3%. That's reasonably high, but not necessarily accelerating.
Pio Chun retweeted
Taiwan – inflation still over 2%
CPI is being affected by cross-currents including very high upstream price inflation, government subsidies and holidays. The underlying picture is inflation of around 2%, which by Taiwan standards is high. I think an economic slowdown is needed to prevent it moving higher.
eastasiaecon.com/tw-cpi-nov-…
Pio Chun retweeted
Region – chart pack
Monthly (-ish) regional update of cycles and market themes.
eastasiaecon.com/region-char…
Pio Chun retweeted
Foreign direct investment is retreating.
Remittances are rising.
In 2024, global FDI was back near its 2005 level. Since 2005, remittance inflows have grown by 240%.
The architecture of development finance is changing: blogs.worldbank.org/en/opend…
Pio Chun retweeted
Caribbean statistical systems are improving.
Across eight upper-middle- and high-income Caribbean countries, the average SPI score rose from 42.8 in 2016 to 60.1 in 2024.
But the region still trails its income peers.
What needs to happen next: blogs.worldbank.org/en/opend…
