Global TradFi & Macroeconomics

Hong Kong-listed AI companies Zhipu (02513-HK) and MiniMax (00100-HK) experienced divergent stock performance on July 8 and July 9 following the expiry of their first post-IPO share lock-up periods. Zhipu's market capitalization reached HKD 906 billion on July 9, while MiniMax's valuation dropped to

According to Yonhap Infomax, South Korea's Financial Supervisory Service (FSS) expanded its investigation into alleged improper sales of JTBC corporate bonds on July 8, adding Hanyang Securities as a new examination target. The move came six days after the FSS began inspecting the lead underwriter S

Switzerland's June consumer confidence index is scheduled to be released in approximately ten minutes on July 10, 2026.

According to CNYes, Hong Kong AI stocks experienced extreme divergence on July 8-9 following the first share unlocks for Zhipu (02513-HK) and MiniMax (00100-HK). Zhipu's market cap surged to 906 billion HKD after rising 13.35% on July 8 and gaining further strength on July 9 when it announced a shar

According to Binance's official announcement, the exchange's futures platform launched four USDT perpetual contracts today (July 10): GE Vernova (GEV) at 16:30 UTC+8, Vertiv Holdings (VRT) at 16:35, Snowflake (SNOW) at 16:40, and AppLovin (APP) at 16:45. All contracts support a maximum leverage of 2

France's harmonized CPI (year-on-year) for June came in at 2% on a final basis, matching the forecast and remaining unchanged from May. The reading reflects stable inflation trends in the eurozone's second-largest

France's harmonized consumer price index (HCPI) declined 0.3% month-over-month in June, matching both the forecasted figure and the prior month's reading of -0.3%.

On July 10, 2026, South Korean storage-chip giant SK hynix officially began trading on the Nasdaq Global Select Market in the United States. The stock started trading under the temporary ticker code “SKHYV” ahead of the issuance, and is planned to switch to the official ticker “SKHY” on July 13. SK hynix Chairman Choi Tae-won traveled to New York to attend the bell-ringing ceremony. This IPO was priced at $149 per ADR (American depositary receipt), issuing 177.9 million ADRs and raising about $2

According to BlockBeats citing Bitget data, Japan's Nikkei 225 index closed up 1.20% to 68,557.73 points on July 10, gaining 813.88 points. South Korea's KOSPI index rose 2.52% to 7,475.94 points, adding 184.03 points. Samsung Electronics gained 2.5%, while SK Hynix declined slightly in late

POSCO Group announced that its subsidiary POSCO International signed a business agreement with Newcom, a leading Mongolian energy and infrastructure company, in Ulaanbaatar on the 9th for energy project cooperation. The partnership aims to support Mongolia's energy transition initiatives. Mongolia i

According to Yonhap Infomax, POSCO International signed a memorandum of understanding with Newcom, a leading Mongolian energy and infrastructure company, on July 9 in Ulaanbaatar to collaborate on energy transition projects. The partnership will focus on a staged implementation of

According to Korea Exchange, Peptron shares plunged 29.76% to 111,900 KRW on July 10 amid concerns over a dispute with Eli Lilly regarding their collaborative research. The stock hit a daily limit down of 111,600 KRW in early trading. The sharp decline follows remarks by Peptron CEO Choi Ho-il

According to a Goldman Sachs report, on July 7, the People's Bank of China, Hong Kong Monetary Authority, and Securities and Futures Commission announced 11 measures to deepen financial cooperation between Hong Kong and mainland China. Key measures include increasing the total RMB business funding a

Nomura Securities assessed that South Korea's underlying inflationary pressure has eased, according to a report released on July 10. Park Jung-woo, economist at Nomura Securities, noted that June personal services inflation declined to 3.4% year-on-year from May's 3.7%, signaling reduced baseline in

According to Nomura Securities, South Korea's core inflation pressure has eased, prompting the firm to downgrade its inflation forecasts for 2026 and 2027 to 2.6% and 2.0%, respectively, from prior estimates of 2.7% and 2.1% on July 10. Economist Park Jung-woo noted that June personal services infla

According to South Korea's Ministry of Climate and Energy, the ministry signed agreements with 9 energy companies on July 10 to launch a distribution network energy storage system (ESS) project aimed at resolving renewable energy curtailment and grid connection issues in Honam and Jeju regions.

According to Jin10, the CFETS-NEX market-wide fund sentiment index rose to 47 on July 10 as of 2:30 PM, up 1 point from 10:15 AM. By institution type, the sentiment indices for large banks, small-to-mid-size banks, and non-bank institutions stood at 46, 48, and 46 respectively, each rising 1 point.

Goldman Sachs has restricted employee trading on prediction markets over concerns that staff could use sensitive information to bet on financial, political or corporate outcomes, according to reports citing an internal memo. The bank told employees they may participate only in sports and

Keel Infrastructure Corp. (KEEL), TeraWulf Inc. (WULF), Hut 8 Corp. (HUT), and Cipher Digital Inc. (CIFR) are transitioning from Bitcoin mining to AI infrastructure operations, with transformations accelerating between late 2025 and early 2026. The shift reflects growing investor interest in AI

US stocks rose last night with all three major indices advancing, led by a chip stock rebound that pushed the Philadelphia Semiconductor Index up 3.06% to 12960. The Dow Jones gained 139 points or 0.27% to 52487, the S&P 500 rose 60 points or 0.81% to 7543, and the Nasdaq climbed 1336 points or 1.3%