Global TradFi & Macroeconomics

Korean energy companies, battery manufacturers, and AI firms actively utilized the Green, Social, and Sustainability (GSS) bond market from January to July, according to Swedish think tank AFII. GSS bond issuance in Asia during this period reached approximately $151 billion, representing about 55% o

According to Bloomberg, Franklin Templeton announced it has received the first U.S. regulatory approval to integrate digital-native products into traditional investment funds. The company plans to embed its tokenized money market fund as holdings or collateral within ETFs and mutual funds,

Japan's manufacturing purchasing managers' index (PMI) for August came in at 55.1, up from 54.5 in July, signaling continued expansion in the sector.

According to Counterpoint Research, Apple's European smartphone market share surged to 34% in Q2 2026, tying Samsung and claiming co-leadership of the region. Apple gained 9 percentage points from 25% year-over-year, while Samsung rose 3 percentage points from 31%. The two companies combined now

Japan's services sector purchasing managers' index rose to 52.3 in August from 51.2 in July, according to the preliminary reading released today.

Japan's August composite PMI initial reading came in at 53.4, up from 52.7 in July, according to the latest data release.

According to MSX.COM data, U.S. stocks closed higher on August 21 in semiconductor and optical communications sectors. SK Hynix rose 4%, Micron Technology gained 3%, and SanDisk climbed 2%. Applied Optoelectronics surged 5% while Lumentum advanced 6%. Meanwhile, Walmart plummeted 9.2%, marking its l

According to financial industry sources, on August 19, South Korea's five major banks' time deposit balances reached a record 1.0003 quadrillion won, with 15.09 trillion won flowing in over just three weeks. The rapid inflow reflects a shift in investor funds from volatile stock markets back to

Korea Exchange faces legal challenges from three listed companies over accelerated market capitalization delisting rules, with the first court hearing held on the 21st following submission of preparatory documents on the 18th and 19th. The companies argue the revised 500 billion won minimum market c

KOSPI opened down 1.35% at 6759.95, while KOSDAQ fell 2.00% to 824.05, as investor sentiment weakened following overnight declines in US markets. The drops were triggered by a surge in US 10-year Treasury yields above 4.70% and Walmart's 9% plunge on disappointing earnings. Foreign and

According to Herald Economics, on August 21, three listed companies filed interim injunctions against the Korea Exchange, challenging the market cap delisting threshold recently implemented by the exchange and financial authorities. The disputed standard centers on a market capitalization threshold

Mark Connors, Chief Investment Officer at Risk Dimensions, predicted on the 20th (local time) that Bitcoin could rally toward $180,000 if the US Treasury expands its long-term bond buyback program, according to CoinDesk. The forecast is based on the expectation that increased Treasury buybacks

Morgan Stanley upgraded Merck stocks from Equal-weight to Overweight on May 20 (US time), raising its price target from $116 to $179. Analyst Terence Flynn stated in a report that Merck's next-generation drug pipeline will fully offset the patent expiration cliff of its flagship cancer drug

According to NH Investment & Securities analyst Yoon Yu-dong, Korea Financial Group (KFG) pursues the acquisition of KDB Life Insurance on August 21, with a double leverage ratio of 123% requiring capital-raising alongside internal funds to finance the deal. The analyst flagged concerns over

According to CNBC, Morgan Stanley analyst Terrence Flynn upgraded Merck (MRK) on August 20, raising the investment rating from Equal-weight to Overweight and lifting the price target from $116 to $179. Despite near-term pressure from Keytruda's patent expiration next year, Flynn forecasted that Merc

Fahmi Quadir, founder and Chief Investment Officer of Safkhet Capital, known as 'The Assassin of Wall Street' for short-selling strategies, announced a shift to long activist investing in South Korea. Safkhet Capital is raising a minimum $300 million fund to target undervalued Korean stocks, with

Five active exchange-traded funds (ETFs) in South Korea were delisted within a two-month period due to correlation coefficient violations, prompting asset management industry calls for regulatory reform. TIME US Dividend Dow Jones Active, managed by Timefolio Asset Management, was delisted on

According to Economist, as of late July, profitable companies were included among KOSDAQ-listed firms facing delisting designation under enhanced regulatory criteria, triggering industry concerns. Among 149 KOSDAQ firms with market capitalization below 2 billion won, 45 were profitable,

According to Sapphire Capital founder Pami Kadir in an interview with Yonhapnews on August 21, the hedge fund is raising a minimum of $300 million for long-term activist investments in South Korea. Kadir, known for short-selling campaigns that exposed accounting issues at companies like Wirecard