Global TradFi & Macroeconomics

IBK Securities issued a 'buy' investment rating and a target price of 400,000 won for Alteogen on the 21st, citing expected benefits from global pharmaceutical companies' conversion to subcutaneous injection (SC) formulations. Analyst Jeong Yi-su of IBK Securities explained that demand for SC conver

Korea Investment & Securities raised its target price for Cosmax stocks to 340,000 KRW from 300,000 KRW on 21일 while maintaining a 'BUY' rating, citing expected export volume increases as the US enters its main shopping season. Analyst Kim Myung-joo stated that increased orders are anticipated

IBK Investment Securities cut its target price for Kakao stocks from 73,000 won to 53,000 won on the 21st, following the company's human demerger announcement. Kakao revealed on the 21st of last month it would split into Kakao X and Kakao AI to strengthen AI competitiveness, with the demerger

According to Evercore ISI and Wall Street analysts, Japan's central bank raised its benchmark rate by 0.25 basis points on Friday but signaled a dovish tone, with two board members voting against the hike. BOJ Governor Kazuo Ueda stated the bank would act preemptively on inflation while avoiding

According to Financial News, Doosan's board of directors approved on September 17 the cancellation of 2.568 million treasury shares, representing 12.18% of issued shares, with execution scheduled for October 2. The company simultaneously approved 968.4 billion won in additional investment for its el

According to overseas brokers, USD/KRW 1-month NDF rose to 1,386.80 won (MID) on Sept 18, local time, up 3.95 won from Seoul's previous close of 1,383.30 won when accounting for the 1-month swap point of negative 0.45 won. Bid was quoted at 1,386.60 won and ask at 1,387.00 won. The Bank of Japan

According to DailyAn, Meritz Securities' application for commercial paper issuance business authorization is set for final review at the Financial Services Commission's regular meeting on September 23. The approval comes after Samsung Securities obtained authorization on September 9, confirming the

According to IBK Investment & Securities, Alteogen received a new 'Buy' rating on September 21 with a target price of 400,000 Korean won. The research analyst cited expanding demand from global pharmaceutical companies converting intravenous drugs to subcutaneous (SC) formulations. ALT-B4, Alteogen'

According to Wells Fargo, on September 18, analyst Stephen Kahale downgraded Netflix to Underweight from Equal Weight and cut the price target to $57 from $80. The downgrade reflects a 1.6-hour decline in daily average viewing time per subscriber in the first half of 2026, representing an 8%

According to IBK Investment Securities, the firm downgraded Kakao's target price from 73,000 Korean won to 53,000 won on September 21, citing uncertainty over the execution of the company's spinoff plan. The brokerage maintained its buy rating despite the 27% price target cut. Market sentiment has t

According to Wind data, China's central bank will face 272 billion yuan in 7-day reverse repo maturities this week (Sept 21-24). Experts noted that the People's Bank of China has maintained flexible and precise liquidity provision with sufficient injection capacity to offset major disruptions. The m

On September 20, 2026, from 22:00 to 22:15 (UTC), BTC edged up over the 15-minute period, posting a return of +0.45%, with a price range of 80,781.4–81,299.0 USDT and an amplitude of 0.64%. The current price is $81,161.4, up just +0.10% over the past 24 hours, while the daily candlestick closed down -0.20%. Filled Amount was only 177.45 BTC, an extremely low level indicating severely insufficient market participation; the price stability stems from a liquidity standoff rather than consensus. The

Korean listed companies increased shareholder returns through expanded dividends and share buybacks since the government launched its corporate value-up program in 2024. Major conglomerates including Samsung Electronics and SK Hynix announced large-scale return plans, while 756 companies disclosed v

Cryptocurrency-related stocks rallied last Friday as Bitcoin surged past $80,000, while steel stocks declined on weak Q3 guidance. Strategy (MSTR) jumped 16.39%, Coinbase Global (COIN) rose 11.66%, and Robinhood (HOOD) gained 9.12%. Nucor (NUE) fell 6.32% and Steel Dynamics (STLD) dropped 4.11%

US stock indices closed mixed on Friday as the S&P 500 rose 0.17% and Nasdaq gained 0.39% while the Dow fell 0.18%. The session coincided with triple witching day when futures and options expired simultaneously, with Citadel Securities reporting a near-record $7 trillion in expiring options

According to Business Insider, DoubleLine Capital Chief Investment Officer Jeff Gundlach warned recently that rising U.S. Treasury yields pose significant risks to the economy and financial markets. The 10-year yield recently broke above 5% for the first time in years, and Gundlach cautioned it

Warren Buffett stepped down as chairman of Berkshire Hathaway after leading the company for over 60 years. Buffett sent a letter to shareholders stating he would transition to chairman emeritus while remaining on the board of directors. Greg Abel continues as CEO, and Buffett's son Howard Buffett as

According to South Korea's stock exchange and the Capital Market Research Institute, major chipmakers significantly expanded shareholder returns in August 2026. Samsung Electronics announced a 90-110 trillion

On Friday, September 19, U.S. stock indexes closed mixed as Treasury yields surged and options expiration triggered mechanical selling. The S&P 500 gained 0.17% while the Nasdaq rose 0.39%, but the Dow Jones fell 0.18%. The day coincided with major derivatives expiration, with options totaling

The Philadelphia Semiconductor Index rose 2.78% following a prior 3.14% gain, sustaining a rally despite US 10-year Treasury yields surpassing 5%. Approximately $100 million flowed into semiconductor call options on Thursday, with similar volumes on Friday targeting Micron, SanDisk, and Marvell