United States of America White House National Security and

Hello, I'm Kyungmin Lee who is in charge of market situation/strategy in the FICC Research Department of Daishin Securities.
[June 12th issue in major countries] I'm sending it to you.

# United States of America
White House National Security and Communication Adviser told a briefing on the G7 summit that he would announce new measures to help Ukraine recover from the damage done by Putin's military and realize the value of frozen Russian state assets. Kirby also said he would announce a set of strong new sanctions and export controls against Russia, adding that such actions would target groups and networks helping Russia procure supplies needed for the war

Bloomberg reports that the U.S. government is considering additional regulations to block China from accessing semiconductor technologies used in artificial intelligence. It turns out that the latest technologies such as GAA and HBM are under discussion. Bloomberg says it is unclear whether the GAA regulations will focus on limiting China's ability to develop its own GAA chips or even block U.S. chipmakers and other foreign companies from selling their products to Chinese companies

# China
The Prime Minister of the State Council of China will visit Australia and New Zealand, the members of Five Eyes, the leading U.S.-led intelligence alliance, this week. Li's visit to Australia is expected to focus primarily on strengthening bilateral trade cooperation. His visit to New Zealand will also focus on strengthening economic cooperation between the two countries. Although New Zealand is a member of Five Eyes, it is assessed that it has shown a very conciliatory attitude toward China

# Korea
The Korea Tire Industry Association and domestic tire manufacturers Hankook Tire, Kumho Tire and Nexen Tire announced that they exported a total of 22,411,000 tires between January and April this year. This is the sum of the exports of tires for passenger cars, small trucks, trucks, and buses. This is a 7.3% increase from the previous year and 90.7% of exports in 2019. If the export growth continues until the end of the year, the annual export volume is expected to reach 70 million this year, the highest in five years.

According to the Korea Economic Daily, 124 of the 1,284 Saemaul Geumgo have received management improvement measures. A high-ranking official of the Ministry of Public Administration and Security said, "The government is instructing individual treasury to sell bad debts even if they lose money."

# Other
The World Bank forecasts 2.6% global economic growth this year, 0.2 percentage point higher than the 2.4% expected in January. The bank said it expected to stabilize for the first time in three years. However, it pointed out that it is still low compared to the average growth rate of 3.1% in the decade before the spread of COVID-19. The World Bank predicts that central banks will cautiously push for easing austerity measures because inflation is slowing globally, but the pace is slower than expected

# economic indicators
U.S. weekly oil association crude inventories - 242.8 million barrels (forecast - 1.75 million barrels, prior estimate 40.52 million barrels)

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