Global TradFi & Macroeconomics

According to The Block, Ionic Digital, a bitcoin mining and AI infrastructure company, surged 25% in its Nasdaq listing debut today, with shares approaching $63 and an implied valuation of approximately $2.75 billion. The company currently holds 2,861

A survey of eight financial institutions projects South Korea's July exports will reach $97.83 billion, marking a 61.11% year-over-year increase and the second consecutive month exceeding $90 billion. Yonhap Infomax conducted the survey on the 29th, collecting customs-based export and import

The Bank of Korea (BOK) submitted a report to parliament on May 29 stating that the domestic stock market will remain sensitive to external factors, but strong corporate fundamentals will limit downward pressure on stock prices. The assessment comes as the KOSPI index experienced sharp corrections f

According to Yonhap Infomax, citing Hyundai Securities analyst Kim Jae-seung, South Korea's KOSPI index fell more than 10% on July 29 amid concerns over China's semiconductor rise and a sharp sell-off in U.S. chip stocks including Nvidia. Market recovery prospects now depend on the Federal Reserve's

According to BlockBeats, on July 29, South Korea's presidential policy office suggested a comprehensive review of the capital market structure, stating that leverage exchange-traded funds are not the sole driver of KOSPI volatility. Policy office director Kim Yong-beom attributed market weakness to

The Chinese yuan appreciated against the U.S. dollar today, with the midpoint rate climbing 29 basis points to 6.7899, marking the strongest level since February 10, 2023, according to the China Foreign Exchange Trade

On July 29, China's interbank foreign exchange market set the USD/CNY midpoint rate at 6.7899, down 29 pips, reflecting yuan appreciation. EUR/CNY rose 56 pips to 7.7175, while GBP/CNY fell 89 pips to 9.0052. AUD/CNY declined 111 pips to 4.7269, and JPY/CNY (per 100 yen) dropped 34 pips to 4.1393. C

GS Engineering & Construction reported second-quarter operating profit of 91.3 billion won, falling short of market expectations as the housing division declined amid reduced construction activity. The South Korean construction firm announced on July 29 that Q2 revenue reached 2.7799 trillion won, d

According to the Bank of Korea's report submitted to Parliament on July 29, KOSPI rose 60.3% year-to-date, outperforming major markets including Taiwan, Japan, the U.S., and Europe. The central bank expects the domestic stock market to remain sensitive to external factors such as AI investment

According to Yonhap Infomax's survey of eight financial institutions on July 29, South Korea's July exports are projected to reach $97.83 billion, up 61.11% year-over-year and marking the second consecutive month above $90 billion. The forecast reflects sustained strong semiconductor demand driven b

According to a research note from Yide Futures on July 29, the EC2608 container shipping futures contract rallied sharply in late Tuesday trading as the market priced in expectations for Maersk's weekly 33 rate announcement. Maersk's wk33 opening price settled at $4,600/FEU and $2,760/TEU,

July 29, Bitcoin edged higher to around $64,000; earlier that same day, the Iranian Islamic Revolutionary Guard Corps launched multiple ballistic missiles from within Iran at the U.S. military’s Al-Azraq air base in Jordan. The U.S. Central Command said all missiles were successfully intercepted. The news quickly reversed oil prices: Brent crude had already fallen to around $83.75 per barrel, while WTI dropped to about $78.55 per barrel. Iran attacks U.S. base in Jordan, shipping risk in the Str

WTI crude oil prices rebounded over 4% on the 29th following reports of an Iranian attack on a US military base in Jordan. September delivery West Texas Intermediate (WTI) crude traded at 83.52 USD, up 4.11% from the previous session, as of 7:52 AM. The price surge reversed a three-day decline

According to Yonhapinfomax's survey of nine domestic and foreign financial institutions on July 29, South Korea's July consumer price index is projected to rise 2.92% year-over-year, marking the first decline to the 2% range in three months following June's 3.2% increase. Forecasts from surveyed in

According to BlockBeats, Seagate Technology's management delivered a forceful rebuttal to market pessimism on July 29 during an earnings call. CEO Dave Mosley committed to achieving revenue growth in FY2027 exceeding FY2026 levels, with an expected increase of 34% year-over-year. CFO Gianluca

SK Hynix completed long-term supply agreement (LTA) negotiations with approximately 10 customers including core clients, securing memory demand on a multi-year basis, the company disclosed during its May 29 earnings conference call. The South Korean chipmaker is shifting memory transactions from

Seo Eun-jong, Head of Global Markets at BNP Paribas Seoul Branch, stated on the 29th that foreign investor interest in the Korean won and won-denominated assets has reached its highest level since he began trading in 2002. In an interview, Seo assessed the government's won internationalization

Morgan Stanley, previously known as the 'semiconductor grim reaper' for repeated pessimistic forecasts on Korean semiconductors, has issued an optimistic outlook on the artificial intelligence industry. According to Morgan Stanley Research, AI infrastructure-related stocks including semiconductor