Today's Economic Briefing — 2026-11-04
Volatility is surging in the domestic semiconductor sector as Samsung Electronics and SK Hynix turned downward after opening higher in the November 3 market. Globally, profit-taking is hitting tech stocks broadly as expectations grow for a Federal Reserve rate hike in December, pushing the Nasdaq down by 2.9%.
Today's Economic Briefing — 2026-11-04
Key Market Indicators
| Indicator | Current Value | Change | Source |
|---|---|---|---|
| Nasdaq Index (October) | -5.2% (Monthly) | N/A | |
| International Oil Prices | N/A | -6.5% | |
| Gold Prices | N/A | +1.3% | |
| US ISM Manufacturing PMI | 55.5 | Above expectations |
Domestic Economic Issues
1. Samsung Electronics and SK Hynix Turn Lower Despite Semiconductor Stock Rebound According to the Korea Exchange on the 4th, Samsung Electronics and SK Hynix started the trading session on an upward note before reversing downward around 10:13 AM. Analysts suggest that while they were influenced by the overnight rebound in US semiconductor stocks, it was not enough to lift the domestic market.
2. Bank of Korea Forecasts November Inflation in the "Upper 2% Range" The Bank of Korea projected that the consumer price inflation rate for November will continue in the upper 2% range. This indicates that recent inflationary trends will persist for some time.
3. President Lee Jae-myung Emphasizes "Growth for All" in Budget Speech In his budget speech for the upcoming year delivered at the National Assembly on November 2, President Lee Jae-myung emphasized, "We must apply a new growth formula suited to the changing era and circumstances, achieving a grand transition from growth for the few to 'growth for all.'"
Global Economy and Macro Environment
1. Nasdaq Plummets 2.9% Amid US Fed Rate Hike Concerns As a December rate hike by the US Federal Reserve established itself as the market's base case, heavy selling in tech-heavy stocks, weak Chinese PMI, and rising oil prices combined to send the Nasdaq index down by 2.9%.
2. Oil Prices Plunge 6.5% on Hopes for Iran Diplomatic Negotiations International oil prices dropped sharply by 6.5% on expectations of diplomatic efforts to end the Iran conflict, providing a sense of relief to global stock markets overall.
3. Big Tech AI Investment Jitters Trigger Inflows into Leveraged ETFs With the Nasdaq index sliding 5.2% over the month of October, broad price corrections occurred across technology stocks. Nevertheless, aggressive investor betting continues, with approximately 9 trillion won flowing into leveraged products targeting a semiconductor rebound.
Today's Economic Schedule and Outlook
The following major economic indicator announcements are scheduled in global markets today (Wednesday, the 4th):
- EU October Consumer Price Index (CPI) release
- US October ADP Employment Change (22:15 KST)
- US September Trade Balance (22:30 KST)
- US October S&P Global Services PMI (22:45 KST)
- US October ISM Services PMI release
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