Global TradFi & Macroeconomics

According to Daishin Securities analysis on September 3, South Korea's 2026 tax reform plan will serve as a long-term structural variable reshaping market liquidity and corporate governance rather than a near-term index catalyst. The cumulative tax revenue effect from 2027 to 2031 is projected at 3.

According to Commerce Secretary Howard Ruttnik in a CNBC interview yesterday (September 2), the Trump administration is reviewing plans to expand semiconductor tariffs from chips themselves to finished products including data center servers and laptops, while offering tariff reductions for

According to Morgan Stanley's Sept. 3 research report, Asian banks are positioned as net beneficiaries amid two key regional trends: AI deployment and population aging. Stock strategists Daniel Blake and Jonathan Garner noted in their client note that Hong Kong and Singapore lenders face the

According to BlockBeats, South Korea's KOSPI index opened 1.14% higher on September 3 (Thursday), gaining 75.08 points to 6637.8. Samsung Electronics and SK Hynix both rose more than 1.5%. Japan's Nikkei 225 index gained 251.73 points, or 0.39%, opening at 64577.37.

Stocks and bonds declined simultaneously since late last month, reversing their typical inverse relationship. KOSPI fell 3.8% while the 10-year Korean treasury yield rose 0.1 percentage point during this period. The simultaneous drop stems from rising oil prices, central bank monetary tightening, an

According to Baichuanyingfu data, China's argon prices surged to 2,459 yuan/ton as of September 2, jumping over 240% from 720 yuan/ton in early May. The price acceleration occurred primarily during July and August, with some regions posting significant daily

According to the Financial Supervisory Service, on September 3, South Korea's Financial Supervisory Commission (FSC) delayed the scheduled subcommittee meeting to review penalties for five banks' improper sales of Hong Kong-linked equity-linked securities (ELS). The proposed fine has been reduced to

According to Yonhapinfomax, South Korea's Industrial Bank of Korea completed a $2 billion global bond offering on September 1-2, pricing fixed-rate notes at record-low spreads of 36-48bp over SOFR. The offering comprised $1 billion each of 3-year and 5-year tranches. The bank achieved zero

According to Chosun Ilbo, stocks and bonds fell simultaneously on September 2, with South Korea's Kospi index down 3.8% since late August and the 10-year Treasury yield hitting 4.818%, the highest level since November 2023. This breaks the traditional inverse relationship between the two assets.

According to BBC, Uber CEO Dara Khosrowshahi announced on September 2 that the ride-hailing and delivery platform will reduce its global workforce by approximately 10%, affecting around 3,000 employees. The restructuring aims to streamline decision-making and focus resources on autonomous vehicles a

On Wednesday (September 2), Uber announced approximately 3,300 job cuts globally, representing 10% of its total workforce—the largest layoff since the COVID-19 pandemic. The company aims to streamline management layers and accelerate decision-making, reinvesting savings into ride-hailing,

According to Goldman Sachs, Venezuela's crude oil production is forecast to remain constrained by aging infrastructure and power grid instability, with output at 1.1 million barrels per day in July, making it difficult to recover to pre-2018 levels above 2 million barrels daily. The country's crude

According to Grayscale, U.S. households' direct and indirect stock holdings reached 46.71% of financial assets as of end-2025, up from 43.99% a year earlier. Grayscale research director Zach Pandl noted that elevated stock concentration and valuation levels increase the case for crypto assets in

SK Securities issued a research note on Hana Materials (stock code 166090) projecting continued performance improvement from silicon parts demand growth. The analyst forecasts revenue acceleration through 2028 as new fab ramp-ups drive silicon parts consumption. Demand increases stem from memory

According to SK Securities, Hana Materials is expected to see accelerated earnings growth through 2028 as memory chip production capacity expansion drives increased demand for silicon-based etching equipment consumables. The brokerage projects 2027 revenue at 447.3 billion won, up 20%

According to CNN citing U.S. officials, the U.S. military on Tuesday escorted 40 merchant vessels carrying 18 million barrels of oil through the Strait of Hormuz, marking a wartime record. The operation deployed multiple air, sea, and space assets to counter Iranian attacks on shipping lanes and

In the week ending August 28, Japanese investors turned net buyers of foreign stocks, purchasing 35.8 billion yen of overseas equities, a reversal from the previous week's net outflow of 869 billion yen.

Foreign investors made net purchases of 509.1 billion yen in Japanese bonds during the week of August 28, up from 435.2 billion yen the previous week.

According to Glassnode, on Aug. 19, short liquidations totaling $1.74 billion triggered bitcoin's breakthrough past $80,000, marking the single largest volume of single-day short liquidations in the blockchain analytics firm's records since tracking began in 2019. During the squeeze window, short