Global TradFi & Macroeconomics

Ultragenyx Pharmaceutical (RARE) stock plunged 46% in after-hours trading Wednesday after the company announced its experimental Angelman syndrome drug apazunersen failed a late-stage clinical trial. The stock closed regular trading at $26.53 before sliding into the mid-teens after hours. The late-s

Shares of Ultragenyx Pharmaceutical (RARE) plunged 46% after-hours on Wednesday after the company announced its experimental Angelman syndrome drug failed in late-stage testing. The GTX-102 study, called Aspire, enrolled 129 children ages 4 to 17 and did not meet its primary endpoint or key

According to Korea Exchange, equal-weight ETFs tracking the KOSPI 200 index significantly outperformed market-capitalization weighted counterparts from July 1 to September 1. KODEX 200 equal-weight ETF gained 2.34% during the period, compared to a 22.15% decline for KODEX 200 market-cap weighted, a

According to CNBC, Snowflake (NYSE: SNOW) stock surged 22.30% to $374.04 in after-hours trading on Sept 2, fueled by better-than-expected Q2 results and raised full-year guidance. The cloud data analytics software company reported Q2 revenue of $1.55 billion, up 35% year-over-year and beating

According to Chinese business media, the Chinese yuan weakened slightly against the U.S. dollar on September 2, though it has appreciated overall since the start of 2026. Market observers expect the currency to track higher in the medium term, with two-way volatility remaining the likely

The US dollar weakened on September 2nd as the yen surged and the Canadian dollar strengthened, with USD-JPY falling 0.909% to 158.769. By 4pm Eastern Time, the dollar index declined 0.120% to 99.565. The yen's sudden rally triggered market speculation of a rate check by Japanese authorities,

The US dollar weakened on September 2nd as the Japanese yen surged and the Canadian dollar strengthened, with the dollar index (DXY) falling 0.120 points to 99.565 at 4pm ET. The USD-JPY exchange rate dropped 1.457 yen (0.909%) to 158.769 yen amid speculation that Japanese authorities conducted a ra

According to Yonhapinfomax, as of 4 p.m. ET on September 2, the USD/JPY exchange rate fell to 158.769 yen, down 0.909% from the previous New York close of 160.226 yen. The yen surged overnight, declining to as low as 158.202 yen intraday, prompting market speculation over a potential rate check—a pr

According to the U.S. Energy Information Administration (EIA), American natural gas inventories increased by 31 billion cubic feet last week as of September 3.

According to multiple media outlets, the U.S. Mint on Wednesday, September 2 released one-dollar coins featuring President Trump's portrait, making him the first sitting U.S. president to appear on everyday circulating currency. The coins, minted to commemorate America's 250th anniversary, are

According to Guru Club, on September 3, spot gold traced a V-shaped recovery, falling to a low of $4,282.63 (the lowest since August 7) before rallying 1.38% to approach $4,400 during the U.S. session. The U.S. Dollar Index declined 0.11% to 99.51, recording its largest single-day drop since August

According to Guru Club, WTI crude oil surged to $92.28 on Wednesday, marking its highest level in five weeks, before paring gains to close up 0.88%. Brent crude settled at $95.63, up 1.04%.

According to Dailian, the Korean won fell to 1,368.7 against the U.S. dollar on September 2, marking its lowest level in approximately 13 months. The currency had surged to 1,559 won on July 1, reaching a 17-year high, before declining sharply over two months. Facing persistent volatility, Korean i

According to Treasury Secretary Janet Bessent on Wednesday, Ukraine's drone strikes on Russian energy facilities and petroleum refineries are a primary driver of global energy price increases contributing to elevated U.S. living costs. Speaking on Fox News, Bessent stated the U.S. is experiencing an

According to EMXETF founder Kevin Carter, the asset manager recently launched China AI Tigers LLM ETF (TGRZ-US), a specialized fund targeting China's leading artificial intelligence model developers rather than the broader Chinese tech sector. The launch follows Chinese AI model companies' recent e

On September 2, Venezuela's interim president Rodríguez and U.S. Energy Secretary Wright signed multiple cooperation agreements, including a major oil project accord. According to Trump's announcement, the U.S. obtained majority control over more than 65 billion barrels of Venezuela's proven oil res

US Commerce Secretary Howard Lutnick stated the Trump administration is considering targeted semiconductor tariffs designed to compel chipmakers to establish US production facilities. Lutnick said companies producing semiconductors in the US would avoid tariffs, while those manufacturing abroad

The Trump administration is reviewing targeted semiconductor tariffs to incentivize domestic chip manufacturing, according to Commerce Secretary Gina Raimondo. Companies producing semiconductors in the U.S. would be exempt from tariffs, while those manufacturing outside America would face

US Treasury yields showed mixed movements on September 2 (US Eastern Time), with the 10-year yield reaching an intraday high of 4.8210%—the highest level since November 2023—before retreating to close at 4.7950%, down 0.10 basis points. The 2-year yield fell 0.80 basis points to 4.3860%, while the 3

The Won-Yen exchange rate fell to 854.13 per 100 yen during trading on the 2nd, the lowest level since November 2023, according to Hana Bank. The drop—a 12% decline from the June 5 high of 974.62 won—has driven a surge in Japanese travel bookings and yen deposits among Korean consumers and