Global TradFi & Macroeconomics

According to Yonhap Infomax, the Korean won strengthened against the U.S. dollar on July 10, with the USD/KRW rate falling to 1,505.50 as of 11:12 a.m. Seoul time, down 0.60 won from the previous close of 1,506.10 won. The currency retreated after South Korea's Deputy Minister for International

According to Bloomberg, New Hampshire's Executive Committee rejected a proposal to introduce Bitcoin-backed bonds into the municipal bond market. The bond issuance was being managed by Jefferies through a private

Bank of Communications International forecasts that the peak of Hong Kong stock lock-up releases will occur in July and September 2026, involving approximately HKD 300 billion and HKD 500 billion respectively; the average return on exit from IPOs is around 50-60%, with top performers nearing 80%, making selling after lock-up expiration a natural phenomenon. Zhipu's first-day trading volume reached HKD 16.9 billion, with a 13% rebound in stock price, but selling pressure remains; MiniMax's lock-up ratio is 63%, and selling pressure still exists. Related-party IPOs are affected by non-market interventions; southbound funds through Hong Kong Stock Connect for Hong Kong stocks experienced net outflows in May. Foreign investors' focus has shifted to the AI industry chain in Taiwan, South Korea, and Japan, and a return of capital requires signals of GDP and consumer recovery.

According to Guru Club, domestic gold jewelry prices rose approximately 13 yuan per gram today (July 10) compared to yesterday. Multiple domestic brands' pure gold jewelry are currently quoted in the range of 1,250-1,256 yuan per gram.

According to the National Bank of Kazakhstan, the country's net foreign exchange and gold reserves declined to $60.161 billion in June, down 7.8% compared to the previous month.

According to The Fact, South Korea's digital asset market is undergoing rapid consolidation through strategic mergers and acquisitions between brokerage firms and cryptocurrency exchanges. Mirae Asset received approval from the Korea Fair Trade Commission to acquire Cobit, while Korea Investment

Rocket Lab (RKLB) shares rose over 1% in late Thursday overnight trading after William Blair analyst Louie DiPalma identified the company as among the most 'competent, capable and innovative' rivals to SpaceX in the commercial space race. The analyst's commentary came as RKLB stocks declined 1%

Alibaba (09988-HK) is set to release its FY2027 Q1 financial results; according to Citibank’s latest analysis report, the total Q2 revenue forecast has been fine-tuned to RMB 269.8 billion, up about 8.9% year over year and above market consensus. Citibank has raised its cloud computing business growth forecast to 45%, expecting quarterly revenue to reach RMB 48.4 billion. However, based on a sum-of-the-parts valuation approach, it has lowered Alibaba’s Hong Kong stock target price to HK$191, whi

According to William Blair analyst Louie DiPalma via Bloomberg, Rocket Lab (RKLB) shares rose over 1% in late Thursday trading on July 9, with the analyst calling the company among SpaceX's most capable and innovative competitors in the commercial space race. DiPalma acknowledged strong market

According to SmartFin, the Hang Seng Index rose 1.86% to 24,476 points (up 446 points) on July 10 during morning trading, while the Hang Seng Tech Index gained 2.69%. Trading volume reached 188.4 billion Hong Kong dollars. The Hang Seng Biotech Index surged 5.77% following the release of a new

According to Goldman Sachs strategist Shawn Tuteja, semiconductor and momentum stocks have pulled back nearly 20% due to technical and market structure factors, presenting a tactical opportunity to establish positions. Tuteja noted that as overall market leverage declines and institutional

South Korea's exchange activated its Sidecar mechanism today as KOSPI 200 index futures surged 5%, triggering automatic suspensions on program buying. Seoul's benchmark index rose nearly 5% in the session.

Gate News: According to the latest Gate TradFi data, KR200 (Korea Composite Stock Price Index 200) has surged by 4% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

According to China's National Energy Administration, the agency issued its Energy Efficiency and Carbon Reduction Action Plan for 2026-2028 on July 10. The plan mandates that the refining industry maintain capacity reduction through balanced replacement and ensure new refineries meet benchmark

According to ChainCatcher citing SoSoValue data, Bitcoin spot ETFs recorded net outflows of $95.30 million yesterday (July 9). Fidelity FBTC experienced the largest single-day outflow at $63.25 million, though its historical cumulative inflows remain at $10.15 billion. Among inflows, VanEck HODL

According to Jin10, China's National Energy Administration released the Energy Sector Energy Conservation and Carbon Reduction Action Plan (2026-2028) on July 10. The plan targets a 1 percentage point annual increase in non-fossil energy consumption share by 2028 and aims to raise the proportion

According to Jin10 Data, on July 10, offshore yuan Hong Kong Interbank Offered Rates (CNH HIBOR) showed mixed movements on Friday. The one-week HIBOR fell to 1.45000%, reaching its lowest level since June 16. The overnight HIBOR remained flat at 1.42848%, while the two-week HIBOR rose slightly to 1.

According to Jin10, India's ONGC board approved expanding the nation's strategic crude oil reserves by 1.75 million tons on July 10. The expansion will be built at Mangalore in Karnataka state and managed by the Strategic Petroleum Reserves Limited. The project is considered of "national

WTI crude oil rose 1.00% during intraday trading on July 10, reaching $72.48 per barrel.

Bank of America diagnosed that for robust US consumption to deteriorate amid the Middle East situation, the US stocks market would need to maintain a decline of more than 20%. According to Yahoo Finance on the 9th (local time), BofA explained that for a negative wealth effect on consumption to