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External broker reports(aggregated public sources)

Macroeconomics

<ul><li>Production continued growing after Typhoon Yagi: In 10M 2024, the overall IIP and manufacturing IIP increased 8.3% YoY and 9.6% YoY, respectively.</li><li>We expect that the recovery in new orders reported in the latest PMI report could support production towards year-end while more firms could return to full capacity towards the holiday season (Christmas, the New Year, and Lunar New Year).</li><li>Retail sales posted decent growth: Total retail sales rose 8.5% YoY in 10M 2024. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Production continued growing after Typhoon Yagi: In 10M 2024, the overall IIP and manufacturing IIP increased 8.3% YoY and 9.6% YoY, respectively.We expect that the recovery in new orders reported in the latest PMI report could support production towards year-end while more firms could return to full capacity towards the holiday season (Christmas, the New Year, and Lunar New Year).Retail sales posted decent growth: Total retail sales rose 8.5% YoY in 10M 2024. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Macro Update - Macro Data Remains Solid in October