Global TradFi & Macroeconomics

Korean Treasury futures showed mixed performance in overnight trading as US Treasuries weakened. The 3-year futures closed unchanged at 103.13 while 10-year futures rose 21 ticks to 105.32, according to the Seoul bond market. The divergence reflected foreign investor net buying across both tenors

According to Yonhap Infomax, South Korean government bond futures showed mixed movement overnight on August 22 as U.S. Treasuries declined. The 3-year bond futures closed at 103.13, matching the previous day's session, while 10-year futures gained 21 ticks to 105.32. Foreign investors bought 24

US biotech firm Moderna triggered significant volatility in Korean pharmaceutical and biotech stocks following a clinical trial announcement. On August 19, Moderna surged 176.97% after announcing its personalized mRNA cancer treatment 'Intismaran Autogene,' co-developed with Merck, met primary

On Friday (August 21), U.S. 30-year Treasury yields rose to 5.276%, approaching the 5.3% level, marking the second consecutive trading day of gains despite the Treasury Department's announcement earlier in the week to expand buyback operations for long-dated securities. The 10-year yield also

According to Yonhapnews, on August 21, South Korea's KOSPI index fell 92.63 points (1.35%) to close at 6,759.95, while KOSDAQ declined 16.84 points (2.00%) to 824.05. The decline came as biotech shares, which surged on August 20 following Moderna's 176.97% single-day spike on successful mRNA

In the past three months, stricter tracking error management standards for exchange-traded funds (ETFs) and exchange-traded notes (ETNs) have impacted a broader range of products than previously expected. According to application of the new standards to closing price tracking errors, 129 products ex

Moderna stock surged 176.97% on the 19th (local time) to close at $174.38 following the announcement of Phase 3 clinical trial success for its personalized mRNA cancer vaccine developed jointly with Merck, marking the company's largest single-day gain and highest price level in three years. The

Apple Inc. (AAPL) is eliminating more than 200 positions across its Siri digital assistant, software engineering, and Vision Pro teams as it redirects focus toward artificial intelligence and future hardware, according to a Bloomberg report. The job cuts affect approximately 100 positions in the Vis

According to E Daily, Moderna's personalized mRNA cancer vaccine Intisema Autogene met primary efficacy endpoints in a Phase 3 trial involving over 1,100 high-risk melanoma patients on August 19. The milestone sent MRNA stock soaring 177% to $174.38 in a single trading session, marking the highest l

BCA stated in a strategic report on the 22nd that recent US Treasury yield increases under Bessenomics differ fundamentally from historical rate increases, reflecting rising fiscal and inflation premiums rather than core real rate increases. Bessenomics refers to the economic policy of US Treasury S

Bitcoin and Ethereum posted double-digit weekly gains as of the previous day, driven by expectations surrounding US cryptocurrency policy and easing pressure from long-term interest rates. According to crypto data analytics firm Zangle on the 22nd, Bitcoin rose 15.97% week-over-week to $73,033,

According to BCA's August 22 strategy report, recent U.S. Treasury yield increases reflect rising fiscal and inflation premiums rather than stronger economic growth expectations. The latest rate rises show a different pattern from past cycles—while core real rates typically climb when growth

According to Yonhapinfomax, on Aug 21, President Donald Trump said Iran wants a deal but is not prepared to make the right one. Speaking to reporters while traveling to South Carolina from Andrews Joint Base, Trump stated that the U.S. completely controls the region around the Strait of Hormuz,

According to BCA's latest strategy report released on August 22, U.S. Treasury yields rising above 4.5% in the next 1-2 months will exert pressure on equity markets, as sustained concurrent rises in both Treasury yields and stock

South Korean retail investors known as 'Seohak Gaemi' invested 85.61 million USD (approximately 118.5 billion KRW) in Roundhill Memory ETF during the May 14-20 period, according to Korea Securities Depository data released on May 22. The investment was driven by a recovery in memory semiconductor st

According to Korea Securities Depository portal SaveRo, South Korean retail investors (so-called 'Western School Ants') purchased $85.61 million of Roundhill Memory ETF during the week of Aug 14-20, marking the second-largest foreign investment after Alphabet ($89.12M). Roundhill Memory ETF

According to FNGuide data, Samsung Electronics and SK Hynix stock prices slumped 34.18% and 48.35% respectively from July 1–30, yet brokerage target prices remained significantly elevated through August 21. Among 20 brokerages covering Samsung, the average target price stood at 486,750 Korean won de

According to Guru Club, LME zinc futures rose 1.7% to $3,823 per ton on August 22, reaching the highest level in over four years amid signs of tightening supply.

The Bank of Korea is forecast to raise its base rate by 25 basis points to 3.00% at its monetary policy committee meeting scheduled for the 27th, according to Shinhan Investment Securities on the 22nd. Analysts Kim Chan-hee and Ko Da-young expect the rate hike decision to pass but anticipate 2 commi

According to Shinhan Investment & Securities analysts Kim Chan-hee and Ko Da-young, South Korea's central bank is expected to raise its base rate by 25 basis points to 3.00% at the monetary policy meeting scheduled for August 27. The analysts anticipate that the dot plot midpoint will be