Global TradFi & Macroeconomics

On July 13, the Hang Seng Index opened down 0.07%, with the Hang Seng Tech Index declining 0.04%. The semiconductor sector led losses, with Maxim Semiconductor (GigaDevice) tumbling nearly 12% and Montage Technology falling over 3%. In contrast, Zhipu AI rallied nearly 5% after JPMorgan Chase

Bank of America warned on 12일 (local time) that investor bullish sentiment has reached its most extreme level in five years, urging a near-term reduction in equity exposure. Michael Hartnett, the bank's chief investment strategist, stated that extreme bullish positioning signals the need to scale ba

According to Business Insider on July 12, Bank of America's chief investment strategist Michael Hartnett warned that investor sentiment has reached the most extreme bullish level in 5 years, signaling the need to reduce risk asset exposure. BofA's Bull & Bear indicator, which synthesizes hedge

According to The Motley Fool, Nvidia stock has gained only 5% year-to-date through July 7, significantly underperforming its record run in 2023-2025, though analysts attribute this to valuation contraction rather than fundamental weakness. The company's data center segment reached record quarterly r

According to Bloomberg, as of July 9, South Korea's KOSPI index posted a 12-month forward price-to-earnings ratio (P/E) of 6.35x, falling below the 6.82x recorded in October 2008 during the global financial crisis, despite the index surging around 80% year-to-date driven by improved earnings from

According to JPMorgan Chase, the investment bank raised its target price for Zhipu (02513.HK) to 2,400 Hong Kong dollars, marking a 20% increase and the second upward revision within a week. The previous target price of 2,000 HKD was set just last Tuesday. JPMorgan attributed the upgrade to the

According to Guru Club, on July 13, China's energy-related futures rose broadly, with SC crude oil jumping over 3% to 483 yuan per barrel, fuel oil up nearly 5%, benzene up over 4%, styrene (EB) up over 3%, and ethylene glycol (EG) and butadiene rubber each up nearly 4%.

According to its IPO prospectus, Chinatone (芯天下 Technology Co., Ltd) filed its second Hong Kong Stock Exchange application in 2026 as the flash memory industry surged amid AI adoption. The fabless memory chip designer reported Q1 2026 revenue of RMB 224 million, up 77.4% year-over-year, with net pro

CITIC Securities, according to Hong Kong stock disclosures, guided for interim period (H1 2026) net profit attributable to shareholders of 23.343 billion yuan, representing a 70.15% year-over-year increase.

POSCO International is expected to maintain solid earnings performance in Q2 this year, according to a compilation of forecasts from 13 major domestic securities firms submitted within the recent 3 months by Yonhap Infomax on the 13th. The company's Q2 operating profit is projected at 351.6

Han Seung-pyo, founder of major insurance agency Goodrich, notified JC Partners in mid-June of his intent to exercise a call option to recover management rights. JC Partners acquired a 60% stake in Goodrich in 2022 at an enterprise

Korean and Japanese forex authorities have intensified market interventions and coordination signals, causing USD-KRW and USD-JPY exchange rates to retreat from recent highs. On July 10, Korean Vice Finance Minister Moon Ji-seong's verbal intervention drove USD-KRW from an intraday peak

According to industry sources, Han Seung-pyo, founder of South Korea's major insurance agency Goodrich, is pursuing management control recovery through a call option exercise, with the deadline set for mid-September. Han is in discussions with multiple financial investors, including Bayside PE found

According to Yonhapinfomax, POSCO International's operating profit for the second quarter of 2026 is expected to reach 351.6 billion won, up 12.11% year-over-year, based on a consensus of 13 major domestic securities firms' projections. Sales revenue is forecast at 8.4294 trillion won,

The People's Bank of China conducted a 224 billion yuan 7-day reverse repo operation today (July 13), with an interest rate of 1.40% remaining unchanged from the previous operation. Both the tender and successful bid amounts were 224 billion yuan.

According to Bloomberg, global funds sold South Korean bonds on July 13 at volumes not seen in nearly three months, signaling reduced risk appetite among overseas investors in the Korean bond market.

According to Barclays on July 13, inflation forecasts have deteriorated despite oil prices falling sharply from peaks during Iran conflicts. The bank said the Federal Reserve's policy path of maintaining steady rates rather than raising them has narrowed significantly in recent months, though this r

According to Jinlianhuangrun, China's gasoline and diesel are expected to rise by 5 yuan per ton on July 13, with a change rate of 0.14% and reference crude oil at $73.56 per barrel. The next price adjustment window closes on July 17 at 24:00.

According to China's interbank foreign exchange market data released on July 13, the USD/CNY mid-price dropped 17 basis points to 6.7972, reflecting yuan strength. EUR/CNY declined sharply by 312 points to 7.7400, while GBP/CNY fell 307 points to 9.0850 and CHF/CNY dropped 386 points to

According to a report released by East China Securities on July 13, Chinese insurers are shifting their long-bond allocation strategy from extending duration to optimizing asset structure. The report notes that while long-duration bonds remain core to insurer asset portfolios, simply extending