Trump: "$5,000 if we win the midterm elections" + "1 million people to get $500 refund" | Hanwha Aerospace exports 18 Chunmoo to Croatia... 640 billion won scale | Kwon Soon-woo, 3PRO TV Reporting Team Leader

Summary

Kwon Soon-woo, Reporting Team Lead at 3PRO TV, discusses US political spending proposals, Middle East conflict and high oil prices, ECB tightening, and their macro impact on Korean markets. The episode also highlights Hanwha Aerospace's Chunmoo export to Croatia, HD Hyundai Heavy Industries' power-engine and SMR investment, and shortages in MLCCs, batteries, and raw materials. The main market implication is that inflation and supply-chain tightness are supportive for select Korean defense, power-equipment, battery, capacitor, refinery, and commodity-linked exposures.

• Trump proposed $5,000 payments if Republicans win midterms and $500 refunds to 1 million people, raising fiscal inflation concerns.
• Middle East conflict escalation and US-Iran war risks sent WTI above $100 and Brent to $105, supporting oil and refining stocks.
• ECB raised rates by 25bp on inflation and stagflation worries, while long-term US Treasury yields remained elevated.
• Korean market faces macro headwinds from high oil and near-5% 10-year yields, with possible additional KOSPI downside.
• Hanwha Aerospace is exporting 18 Chunmoo systems to Croatia in a roughly 640 billion won deal, expanding Korean defense exports in Europe.
• HD Hyundai Heavy Industries is investing about 1.07 trillion won in power engines and SMRs, tied to AI data-center generator demand.
• MLCC and ESS battery shortages are boosting Korean component and battery makers, with order-to-supply ratios indicating tight capacity.
• Raw materials are described as entering a sixth post-WWII super-cycle, with the FTSE raw materials index up 42% year-to-date.