Global TradFi & Macroeconomics

According to Zhitong Finance, Xiaomi Group in Q2 2026 reported total revenue of 108.9 billion yuan, up 9.9% quarter-over-quarter, with adjusted net profit of 6.2 billion yuan, up 2.4% QoQ. The stock rose 5.04% to 27.5 Hong Kong dollars. Amid elevated memory component costs, the company optimized pro

Robin Brooks, former Goldman Sachs FX analyst, stated on local time 18th via his blog that fiscal policy normalization and debt reduction are necessary to address the recent global surge in long-term interest rates. Brooks diagnosed that major countries' fiscal policies have deviated from normal

Japanese stocks opened lower on the 19th, with the Nikkei 225 index falling 2,061.83 points (3.06%) to 65,398.90 at 9:17 AM, marking the second consecutive day of decline and dropping below the 65,000 level. The selloff was triggered by a sharp plunge in US semiconductor stocks overnight, as the

The St. Louis Federal Reserve Bank released a report on the 18th (local time). The analysis showed US effective tariff rates declined from a peak of 11% late last year to below 7% in May this year, following federal court restrictions on Trump administration tariff policies. Before February this yea

According to Reuters, preliminary data shows only six vessels transited the Strait of Hormuz on Tuesday, indicating shipping traffic through the critical chokepoint remains at depressed levels.

According to Odaily, Hong Kong chip stocks declined on Aug 19, with Techdata Smart Chip (09903.HK) down 11%, Huahong Semiconductor (01347.HK) down over 9%, Semitech Holdings (02166.HK) down over 7%, and Giga Device (03986.HK) down 6.8%.

According to Robin Brooks, former Goldman Sachs foreign exchange analyst, global long-term bond yields have surged in recent days, with Japan's 10-year forward rates rising most sharply over the past 10 days, followed by the UK, France, and Italy. Brooks attributed the rises to fiscal policy

According to Korean Economic TV, Hanwha Aerospace won a contract for prototype development of the U.S. Army's next-generation self-propelled howitzer modernization program on Aug 19. The company's stock surged 4.62% to 1,192,000 Korean won by late morning, with intraday gains reaching

According to Korea Exchange, South Korea's KOSPI index dropped 329.74 points (4.80%) to 6,540.09 on August 19, as a sharp spike in U.S. long-term Treasury yields triggered a market selloff. The decline activated a program trade circuit breaker halting sell-side orders. Semiconductor stocks, which

According to Jin10 Futures, as of 10:15 on August 19, the CNEX overall money market sentiment index reported 49, up 2 points from 08:45. Large banks, mid-sized banks, and non-bank institutions reported sentiment indices of 48, 50, and 48 respectively, each rising 2 points.

Xiaomi (01810-HK) announced its second-quarter financial results on August 18, reporting adjusted net profit of approximately 6.2 billion yuan, down 42.6% year on year and below the 6.6 billion yuan forecast compiled by LSEG analysts; revenue fell 6.1% year on year to 108.9 billion yuan. According to data from research firm Omdia, Xiaomi's smartphone shipments fell 26% year on year to 31.2 million units in the second quarter, marking a decline for the second consecutive quarter. Xiaomi Q2 Financ

Cerebras Systems (NAS:CBRS), an AI chip and infrastructure manufacturer, launched its latest CS-4 rackscale system claiming 30 times higher token processing throughput per user compared to existing GPUs, according to Yahoo Finance. The company released the system to intensify competition with

According to Jin10, Shanghai gold spot prices opened at 945.27 yuan per gram on Wednesday, August 19, trading 0.02 yuan per gram above international gold prices at 945.25 yuan per gram.

Hong Kong Exchanges and Clearing Limited (HKEX) announced on August 18 that it will optimize the methodology of the HKEX Tech 100 Index. The optimized methodology and related constituent changes will be implemented after market close on September 11 and officially take effect on September 14. The optimization will update the eligibility criteria for technology companies and constituent stocks, as well as the definitions of technology-related fields, to cover opportunities related to the AI indus

President Trump announced today he has suspended 50% tariffs on Canada for a three-day period.

The term premium on US 10-year Treasury bonds reached 89.48 basis points (bp) on August 17, the highest level since late May last year, according to the New York Federal Reserve Bank's model. The premium surged 12.37bp on July 29 during the Federal Open Market Committee (FOMC) press conference led b

According to F&Guide and Shinhan Investment Securities, South Korea's KOSPI market faces a significant double-counting issue in 2026, where parent and subsidiary companies listed simultaneously distort earnings calculations. The duplicate earnings are

According to Trump's Truth Social post on Tuesday (August 18), the U.S. will not hold talks with Iran and claimed the Strait of Hormuz is now open with all mines cleared or destroyed. However, a foreign tanker came under attack by unidentified munitions in the strait the same day, sustaining

According to Morgan Stanley's August 18 internet sector report, major tech stocks posted declines last week, with Amazon and Google falling 4% and 2% respectively. Amazon, Google, and Meta currently trade at 20x, 17x, and 19x 2026 forward P/E, representing 7-14% discounts to their respective

According to Yonhapinfomax, on August 19, South Korea's government bond futures opened with modest gains as U.S. Treasury yields fell overnight. The 3-year bond futures advanced 3 ticks to 103.16, while 10-year futures gained 5 ticks to 105.12. The rally followed a decline in U.S. bond yields