Elon Musk Voices Support for Republican Senators Opposing the "Big and Beautiful Act"
According to Jinse Finance, during the Senate vote on the "Big and Beautiful Act," U.S. Republican Senator Rand Paul, who voted against the bill, stated on social media, "Throughout the voting process, I worked through the night to prevent Congress from increasing our debt. I met with Vice President Vance and reiterated my proposal that if the bill included a 90% reduction in the debt ceiling, I would be willing to vote in favor." "I am fighting for the American people, standing against our out-of-control debt." Musk commented "Bravo" to express his support for Paul.
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In the third quarter, Korean retail investors made net purchases of US stocks worth approximately 10.15 trillion won, marking a complete reversal from the previous pattern in the first half of the year, when they made net purchases of nearly 100 trillion won in KOSPI stocks. In September alone, the sell-off amount reached as high as 14.2 trillion won. Analysts attribute this shift to a combination of factors: a sharp decline in KOSPI at high levels, the continued strength of the US stock market driven by AI themes, and the appreciation of the Korean won reducing currency exchange costs.
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