Market Trend

Between May 3rd and May 17th, MCI index plummeted 434.3 points from 7837.0 points to 7402.7 points. First, affected by the European debt crisis, global stock market tanked. Even with the €750 billion emergency bailout proposed by the EU, the debt crisis increased uncertainty toward the future economy, and will likely affect the purchasing power in the European market. In addition, beginning in April, panel prices have been falling sequentially due to market pressure. Hence, brand vendors scaled back their product pull-in, and have been digesting their inventory in April and May while they wait for panel prices to bottom out. As a result of the European debt crisis and the decline in price and shipmen volume among panel makers, MCI index plummeted more than 400 points.