Global TradFi & Macroeconomics

KOSPI experienced unprecedented volatility over four trading days from July 28 to July 31, with absolute daily index movements totaling 2164.08 points — a level of turbulence typically seen only during wars or pandemics. The index plunged 1162 points from its July 27 closing level through July 30, t

The won-dollar exchange rate fell 125.4 won in July to close at 1424.0 won on July 31, down from 1549.4 won at the end of June, marking the largest monthly decline since March 2009 during the global financial crisis, according to MPDoctor. The drop occurred despite the KOSPI falling over 22% during

According to Financial News, South Korea's KOSPI index surged 1,001.89 points or 17.91% on July 31, marking the largest single-day percentage gain since the index's inception, eclipsing the previous record of 11.95% set during the 2008 global financial crisis. The rally followed a dramatic four-day

Kim Jun-seok, senior research fellow at the Capital Market Institute, published two reports in January and May analyzing analyst optimism bias in Korean brokerage research. The studies examined approximately 700,000 equity research reports published from 2000 to 2024, concluding that investment

The Korean stock market experienced extreme volatility driven by a triple concentration phenomenon, with the KOSPI volatility index reaching 84.35 by July 31. The index surged 192.37% from 28.85 one year prior, according to Korea Exchange data released on the 3rd. The volatility spike occurred as th

According to the Capital Market Research Institute's reports released in January and May 2026, South Korean securities analysts demonstrate significant optimism bias. Of 740,000 analyzed reports, 95% of those providing target prices assumed stock appreciation, yet only 19% actually achieved their ta

SpaceX will report its first earnings during the week of August 3. The disclosure comes alongside the company lifting its first-stage lock-up period for certain share holders. Meanwhile, the U.S. National Association of Purchasing Managers (ISM) will release its July manufacturing index on August 3

According to E-Daily, in July the Korean won fell over 125 won against the U.S. dollar, marking its largest decline since the global financial crisis. The currency drop coincided with a 22% decline in the KOSPI index, an unusual pattern that breaks the traditional market formula where stock market d

According to Japan's Finance Minister, Tokyo and Washington will announce a joint action to curb yen depreciation on Monday (August 3).

SpaceX reports its first earnings as a public company on Tuesday, August 4, following its June 11 initial public offering that raised $75 billion at $135 per share. The IPO generated approximately $100 million in fees for Morgan Stanley and other underwriting banks. Morgan Stanley's wealth

According to analyst forecasts tracked by Nasdaq, SpaceX is expected to report a loss of 26 cents per share on Tuesday, August 4, marking its first earnings since the company went public in June at $135 per share. The stock has since declined to $108.37 as of July 31, representing a 20% drop from th

South Korea's Financial Services Commission (FSC) is pursuing amendments to the Capital Markets Act to introduce emergency intervention powers targeting single-stock leveraged exchange-traded funds (ETFs), according to financial authorities on August 2. The regulatory initiative aims to enable the F

Several major corporations will release second-quarter earnings reports this week: Palantir and ON Semiconductor on Monday, August 3; SpaceX, AMD, and Caterpillar on Tuesday, August 4; and Novo Nordisk, SanDisk, Western Digital, and Disney on Wednesday, August 5.

Ethereum outperformed Bitcoin in July, gaining 19% compared to Bitcoin's 8% rise over the same period, according to data from CryptoSlate. The shift was driven by stronger Ethereum ETF inflows, renewed corporate buying, and a widening price gap that pushed the ETH/BTC ratio above 0.030 for the

According to CryptoSlate, Ethereum outperformed Bitcoin in July, gaining 19% to reach $1,970 compared to Bitcoin's 8% rise. US spot Ethereum ETFs attracted $365.17 million in net inflows versus $172.43 million for Bitcoin ETFs, per SoSoValue data. Morgan Stanley launched its Ethereum Trust (MSSE), a

On Sunday August 2, President Trump reshared a White House post about restarting California's Sable Pipeline under the Defense Production Act, while OPEC+ simultaneously agreed to pump an additional 188,000 barrels per day from September. However, neither action has yet eased prices; California

Korean financial authorities are reviewing the 2010-2011 ELW (Equity-Linked Warrants) regulatory case as they develop additional measures for single-stock leveraged ETFs, with second supplementary policies announced last month on the 29th. The government determined that initial measures announced on