Global TradFi & Macroeconomics

On September 18, the Capital Market Research Institute proposed a 10-year portfolio rebalancing plan for Korean households, recommending a significant shift away from real estate toward financial investment products. The institute targets reducing real estate's share from 64.5% to 50% by 2034,

Bank of Japan Policy Board member Toichiro Asada said recently that the core consumer price index (excluding fresh food) has risen below 2%, adding that one cannot simply conclude the economic situation is strong based on recent CPI

According to Jin10 Futures, China's liquefied natural gas (LNG) factory gate prices averaged 6,212.10 yuan per ton this week as of September 18, up 95.57 yuan or 1.56% week-on-week.

According to the Bank of Japan, inflation expectations have risen moderately as of September 18. The central bank's assessment indicates a gradual uptick in price expectations among economic agents.

According to Lujiang Zhuoer, founder of Laibit Mining Pool, on September 18, BNCB holdings reached $17.28 million. Zhuoer noted that this position size now exceeds comparable holdings in Coinbase and MSTR-related assets, and approaches Tesla-related holdings. He stated that BNCB is equivalent to

According to Jin10 Futures, polyester bottle chip prices in East China rose 5.16% this week to an average of 8,821 yuan/ton on September 18. PTA cost support and tight spot supply drove the gains. Looking ahead, prices are expected to weaken next week as U.S. diplomatic efforts ease Middle East

Morgan Stanley forecasts the Federal Reserve will raise interest rates twice more — in December and March 2027 — bringing the federal funds rate target range to 4.25-4.50%. The investment bank bases this projection on its assessment that current monetary policy remains insufficiently restrictive

Korean banks issued bonds aggressively on the 18th, with Woori Bank confirming 850 billion won in 9-month discount bonds at 3.98%, while KB Bank and Shinhan Bank issued 360 billion won and 410 billion won at 4.23% and 4.32% respectively. The issuance rush stems from deposit maturities at Samsung

Japanese stocks showed mixed performance on September 18, with the Nikkei 225 index rising 0.93% while the Topix index declined 0.23% as of 9:27 AM. The divergent performance came as US stock markets rallied overnight following the Federal Reserve's interest rate hike and Chair Kevin Warsh's

According to UBS Asset Management, on September 17, the asset manager forecasted the U.S. Federal Reserve will likely raise rates again in December, followed by a pause through next year. UBS noted that current bond yield levels appear excessive and maintained its view that bond markets remain

According to industry sources, South Korean banks issued bonds competitively on September 18, with yields significantly above market benchmarks. Woori Bank issued 850 billion won of nine-month discount bonds at 3.98%, approximately 9 basis points above the prevailing market rate. KB Bank and

According to Yonhap Infomax, Japan's Nikkei 225 index rose 596.39 points (0.93%) to 64,732.64 as of 9:27 a.m. on September 18, while the TOPIX declined 9.31 points (0.23%) to 4,084.88. The gains were driven by strength in U.S. equity markets overnight, which recovered investor sentiment following th

According to Morgan Stanley's Andrew Sheets, on September 17, the Federal Reserve will likely raise rates by 25 basis points in both December 2026 and March 2027, bringing the federal funds rate target range to 4.25%-4.50%, and then hold rates at

The Reserve Bank of India launched a Foreign Currency Non-Resident (Bank) deposit facility on June 5, 2026, eliminating hedging costs to attract foreign-currency deposits from the Indian diaspora estimated at 35 to 37 million people worldwide. By early September 2026, the campaign had pulled in a re

According to Jin10 Futures, China's asphalt prices averaged 5,938.57 yuan per metric ton this week (September 18), rising 573.14 yuan per ton or 10.68% week-on-week. The increase was driven by elevated crude oil costs following the attack on Saudi Arabia's east-west pipeline and tight supply, as

According to Jin10 Futures, as of 10:40 AM on September 18, the following commodity options showed significant gains: Coking Coal 2611 Put 1300 surged 183.75% to 22.7 yuan/ton, and Coking Coal 2611 Put 1400 climbed 148.86% to 54.5 yuan/ton. Shanghai Lead 2610 Call 16400 gained 131.58% to 88.0 yuan/t

The Reserve Bank of India launched a targeted campaign in June 2026 to attract foreign-currency deposits from its diaspora, pulling in a record $127 billion in FCNR(B) deposits by early September 2026. The central bank removed hedging costs on these accounts, enabling banks to offer interest rates o

South Korean government bond markets experienced sharp curve flattening on the previous trading day, with the 30-year benchmark yield dropping 7.8 basis points while shorter-tenor yields declined more modestly. The movement triggered stop-loss selling among domestic institutions as positions built o

According to Shanghai United Metal Association, battery-grade lithium carbonate (MMLC) mid-price hit 131,100 yuan/ton today (September 18), up 600 yuan/ton from yesterday's 16:30 close.

SpaceX stock was reported at approximately $152 on September 17, with a marketcap nearing $2 trillion. The company plans to conduct Starship's 14th test flight as early as September 22; this will be Starship's first revenue-generating cargo mission, targeting the deployment of 26 next-generation V3 Starlink satellites. Unlike previous test flights, SpaceX will not attempt to recover the booster or spacecraft. Starship's 14th Test Flight Mission Details: V3 Satellite Deployment, No Booster Recove