Daily BriefsMacro

Daily Brief Macro: End of Mandatory Lock-Up Periods for 52 Companies in Korea in April 2023 and more

In today’s briefing:

  • End of Mandatory Lock-Up Periods for 52 Companies in Korea in April 2023
  • CX Daily: Four Things to Know About How China’s PE Funds Are Helping Revive Real Estate
  • EA: HICP Crashes to Our Mar-23 Forecast
  • Türkiye Election Watch: Erdogan’s Swan Song?

End of Mandatory Lock-Up Periods for 52 Companies in Korea in April 2023

By Douglas Kim

  • We discuss the end of the mandatory lock-up periods for 52 stocks in Korea in April 2023, among which 4 are in KOSPI and 48 are in KOSDAQ.
  • These 52 stocks on average could be subject to further selling pressures in April and could underperform relative to the market. 
  • Among these 52 stocks, the top 5 market cap stocks include Ssangyong Motor (003620 KS), Classys (214150 KS), Jeio (418550 KS), EN Plus (074610 KS), and Nano TIM (417010 KS).

CX Daily: Four Things to Know About How China’s PE Funds Are Helping Revive Real Estate

By Caixin Global

  • Four things to know about how China’s PE funds are helping revive real estate.

  • Beijing reaffirms Taiwan could adopt own social system after reunification.

  • China’s short-video app users top 1 billion.


EA: HICP Crashes to Our Mar-23 Forecast

By Phil Rush

  • Flash EA inflation crashed by 163bp to 6.88% in Mar-23, precisely as we forecasted, but below the consensus. A more resilient core offset downside energy price news.
  • Spain’s fall was understated by the consensus, despite being symptomatic of the flat seasonals. Surprises skewed higher across the small member states for us again.
  • Inflation will likely rise temporarily in April while underlying inflationary pressures remain too high. We still expect two more ECB rate hikes and no cuts until 2024.

Türkiye Election Watch: Erdogan’s Swan Song?

By Mikkel Rosenvold

  • Geopolitically, no election can contest the significance of the dual Turkish Presidential and Parliament elections this year. 
  • Incumbent president Erdogan has never lost an election (national, local or referendum) in his 21 year reign, but right now polls predict a toss-up between him and the opposition coalition.
  • The countdown is on to May 14th! We are giving you the key insights in our new Turkey Election Watch Series. Come along for the ride.

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