Global TradFi & Macroeconomics

According to Farside data, U.S. Bitcoin spot ETFs saw net outflows of $691.7 million yesterday (June 25), while Ethereum ETFs posted net outflows of $81.9 million.

According to the National Energy Administration announced today at a State Council press conference on June 26, China's annual electricity consumption is expected to increase by approximately 600 billion kWh during the 15th Five-Year Plan (2026–2030) period. National Energy Administration Power

On June 26, KOSPI plunged over 7% during the session, and KOSPI 200 futures fell 5%, triggering the sidecar mechanism and suspending trading for 5 minutes. This is the 14th time this year and the 5th time this month. Foreign investors net sold 2.8 trillion won, institutions net sold 580 billion won, and individuals net bought 3.35 trillion won. The won-dollar exchange rate was around 1,549. Analysts pointed out that Apple's sharp drop triggered concerns about capital expenditures for ultra-large data centers and short-term profit-taking.

The first ETF tracking the "HKEX Technology 100 Index" will be officially listed in Hong Kong on June 26; HKEX Group Chief Information Officer Liang Zhenying and Market Department Head Yu Guoqiang held a briefing on Thursday, announcing that HKEX is in talks with issuers in Hong Kong and mainland China to launch more ETFs linked to its proprietary indices, and is exploring product forms from futures to over-the-counter derivatives, with plans to build a complete investment ecosystem around its p

Micron Technology (MU), American Airlines Group Inc. (AAL), and Applied Materials Inc. (AMAT) surged to fresh highs on Thursday as investors piled into the stocks. MU stock soared nearly 16% following its strong third-quarter results, AAL stock closed up 0.77%, and AMAT surged more than 13% after an

Legendary hedge fund manager Michael Burry, the inspiration for the film 'The Big Short,' explained that Hong Kong stocks have underperformed regional markets as capital flows from the city to Korea and Japan in pursuit of semiconductor investment opportunities. In a Substack post, Burry

On Thursday, June 25, Micron Technology (MU), American Airlines Group Inc. (AAL), and Applied Materials Inc. (AMAT) surged to fresh 52-week or annual highs as investors responded to a range of positive catalysts. MU stock soared 16% to an intraday record of $1,255 following its strong

According to BlockBeats citing Hyperinsight data, Goldman Sachs initiated coverage of Intel on June 26 with a neutral rating. The bank cited Intel's forward price-to-earnings ratio exceeding 133x and market concerns over Apple's foundry production timelines requiring 2-3 additional years. INTC

Lingyi iTech, a precision electronic component manufacturer, has completed the pricing of its Hong Kong secondary listing at HKD 10.18 per share, issuing 811.81 million shares and raising approximately $1.06 billion; the stock will begin trading on the Hong Kong Stock Exchange on June 26, 2026. Lingyi iTech provides precision components for technology giants such as Apple, Huawei, and Samsung, and plans to use part of the proceeds to expand AI capabilities. Listing Pricing Details: 811.81 Millio

According to Hyperinsight monitoring, Micron (MU) collapsed overnight on June 26 as PCE inflation exceeded expectations, triggering broad risk-off sentiment. The stock fell 9.6% from its intraday high of approximately $1,255, closing at $1,128 on Hyperliquid with a 24-hour decline of

According to sources, Qatar is offering crude oil for July and August shipments through a tender process. Details regarding volumes and pricing terms were not specified.

Korea's National Pension Service (NPS) faces urgent pressure to rebalance its asset allocation: As of June 23, the total market value of listed stocks in which NPS holds at least a 5% stake reached 495.338 trillion won, more than double the 245.1908 trillion won at the end of last year. According to FnGuide, the Korea Composite Stock Price Index (KOSPI) has surged 116% this year, and industry estimates put NPS's domestic stock holdings at nearly 30%. Total market value of NPS holdings reaches 49

According to Bitget data, the Nikkei 225 index fell 5% on June 26. The Tokyo Stock Exchange declined 2%, with Softbank and semiconductor stocks experiencing sharp losses.

According to Jin10, major Chinese gold jewelry brands kept prices relatively unchanged on June 26, with most brands quoting around 1,220–1,225 yuan per gram compared to the previous day.

Ford (Ford) took the top spot in the mainstream brand category of the 2026 JD Power Initial Quality Study with 152 PP100, significantly improving by 41 points from the previous year. This was the largest year-over-year improvement among all mainstream brands and the first time it has topped the ranking in 16 years. In 2025, Ford ranked 10th among mainstream brands, below the industry average. Ford's overall goal this year is to cut $1 billion in costs. Ford Takes Mainstream Brand Crown with 152

According to BlockBeats, Zhipu stock fell over 10% to 2,090 HKD on June 26, based on trading data.

SK Hynix perpetual futures on Binance ranked 11th by trading volume among USD-M perpetual futures products on the 23rd-25th, according to analysis by Digital Asset on the 26th. The product, which launched on the 2nd, accumulated 8.5 trillion won in cumulative trading volume. Trading volume surged du

According to Jin10, offshore Chinese yuan Hong Kong Interbank Offered Rates (CNH HIBOR) on Friday, June 26, showed multiple tenors rising, with the one-week rate climbing to 1.70000%, its highest level since January 19. The one-year HIBOR advanced to 1.76803%, marking a new high since April 10.

According to MarketWatch, on Thursday, June 25, at least four space industry stocks fell over 50% in June as market enthusiasm following SpaceX's June 12 listing began to fade. Virgin Galactic (SPCE-US), Redwire (RDW-US), Intuitive Machines (LUNR-US), and Momentus (MNTS-US) all declined over 50%,

According to Guy Adami, co-founder of RiskReversal Media and a trader on Fast Money, gold still has upside potential this year despite falling approximately 24% from its historical high. Adami expects global central banks will continue increasing their holdings in coming months, providing support fo