00:03Kospy closed at 5,342.73, down 32.63 points.
00:13Korea's 10 largest brokerages earned under 1 trillion won last quarter.
00:18Trading cooled and earnings followed.
00:21It's Friday, November 13.
00:24Here's what investors are watching in Korea today.
00:26Korean brokers rely heavily on trading commissions and proprietary investment gains.
00:33Both weakened in the third quarter as market turnover fell.
00:38Regulatory fines added further pressure.
00:41Here's what the numbers show.
00:44999.4 billion won, about $751 million, was the combined third quarter net profit of the top 10 brokers.
00:55That is down 59.6% from 2.47 trillion won a year earlier.
01:03Average daily trading value fell from 55.9 trillion won to 34.7 trillion won, about $26.1 billion.
01:14Separately, Korean retail investors hold about 18 trillion won, or $13.5 billion, in NVIDIA,
01:23as analysts cut targets by up to 60%.
01:26So what does this mean for global market followers?
01:31Earlier, we said trading cooled and earnings followed.
01:34Here's what that actually means for you.
01:36Broker earnings now track turnover closely, so volume data is the lead indicator.
01:43Daily trading value, against the $34.7 trillion won third quarter average.
01:49NVIDIA price moves and Korean retail flows.
01:53Fourth quarter guidance from the large brokers.
01:56That's today's AI Prism Securities Daily.
02:00This episode was produced with AI Assistants based on Seoul Economic Daily reporting and reviewed by a human editor.
02:08AI Prism is a Juan Ifra award-winning series.
02:12We'll be back tomorrow.
02:14AI Prism is a Juan Ifra award-winning series.
02:15AI Prism is a Juan Ifra award-winning series.
02:16AI Prism is a Juan Ifra award-winning series.
02:16AI Prism is a Juan Ifra award-winning series.
02:16AI Prism is a Juan Ifra award-winning series.
