Global TradFi & Macroeconomics

According to Shanghai Stock Exchange announcement, Citic Securities terminated market-making services for 6 QDII funds on July 20. The affected funds include exchange-traded index funds tracking Korean semiconductors, Japanese Nikkei 225 index, and U.S. Nasdaq 100 index. Citic Securities

South Korean retail investors holding Samsung and SK Hynix leveraged ETFs are facing heavy losses following a sharp reversal in technology stocks. The single-stock leveraged exchange-traded funds were introduced on May 27, after which Korean individual investors purchased a net 14 trillion won,

According to KB Financial Group, South Korean retail investors lost heavily after Samsung and SK Hynix leveraged ETFs plunged following a semiconductor sector reversal beginning in June. The KODEX SK Hynix Single Stock Leverage ETF, designed to generate twice the daily movement of SK Hynix shares, f

Nigeria's regulatory authority aims to double oil production by 2030, according to the agency's announcement.

According to PANews, on July 20, Tether Gold (XAU₮) was designated as an "Accepted Spot Commodity" by Abu Dhabi Global Market (ADGM). Licensed ADGM institutions can now provide XAU₮-related services to clients subject to applicable regulatory

Strategy sold approximately $263.5 million worth of MSTR shares between July 13 and July 19, according to an 8-K filing with the Securities and Exchange Commission on Monday. The bitcoin treasury company sold 2,732,318 MSTR shares during the period but did not buy or sell any bitcoin. Proceeds

According to Korea Exchange, on July 20, Samsung Electronics and SK Hynix fell 26.95% and 33.43% respectively this month, with the KOSPI down 23.13%, while the Philadelphia Semiconductor Index declined 18.06% amid concerns over AI investment continuity. Investors are focusing on three metrics

According to SEC 8-K filing, Strive acquired 21 Bitcoin during July 13–17 at an average price of approximately $63,221 per BTC. As of July 17, the company's cumulative Bitcoin holdings reached 19,921 BTC, along with 505,000 shares of Strategy STRC preferred stock (fair value approximately $43.07

Chip Intelligence Holdings (HK02166) forecasted that its mid-year profit ended June 30 will grow by at least 4.6 times compared to 48.58 million yuan in the same period last year. The company attributed the profit increase to rising overall demand for integrated circuit chips, particularly

Freedom Capital upgraded Nebius (NBIS) to 'Buy' from 'Hold' and raised its price target to $200 from $159, citing the stock's over 40% decline from its recent peak as creating a more attractive entry point. NBIS shares were up 4.1% in pre-market trading on Monday. The upgrade follows the AI cloud

According to Freedom Capital, the firm upgraded Nebius (NBIS) to 'Buy' on Monday, lifting its price target to $200 from $159, noting the stock has fallen more than 40% from its June 22 all-time high of $299.86. The analyst argues that "enough risk has been squeezed out" and expects strong

According to reports, Houthi forces announced a maritime blockade on Saudi Arabia on July 20, triggering sharp crude price increases. Brent crude rose $1.22 per barrel to $88.14, while WTI crude gained $1.04 per barrel to $81.27, both within a 5-minute

According to the Shanghai Gold Exchange, on July 20 evening, Gold T+D rose 0.25% to 872.9 yuan/gram, while Silver T+D increased 1.04% to 13,866.0 yuan/kilogram.

From 11:30 to 11:45 (UTC) on July 20, 2026, BTC surged rapidly over the course of 15 minutes, briefly topping out at 64,935.1 USDT. It ultimately closed near 64,346.5 USDT, with the 15-minute Return % reaching 0.91% and an Ampl of 0.91%. The price jumped from around $64,300 to nearly $65,000, and short-term volatility noticeably increased as market attention quickly warmed up. The core driver behind this sudden move is the sharp escalation of the U.S.-Iran geopolitical conflict. The United State

July 20, 2026, 11:00–12:00 (UTC): BTC traded in a tight range of 64,272.0–64,444.4 USDT, with an Ampl of 0.27%. It ultimately closed up 0.12%. Due to limited price movement, market participation was low: the filled amount totaled only 148.48 BTC. Overall, trading sentiment was one of wait-and-see. The key driver behind this deviation was an escalation in geopolitical tensions between the US and Iran. The US carried out military strikes against Iran for the ninth consecutive night. Iran threatene

According to Ted Oakley, founder and managing partner of Oxbow Advisors, the S&P 500 index is trading approximately three standard deviations above its historical average and would need a 40-45% decline just to return to the mean. Speaking on July 16, Oakley warned that while markets could rally

According to Bloomberg, South Korea's KOSPI index correlation with Nasdaq-100 has risen to 0.46 over the past 60 days, approaching a two-year high and roughly three times the five-year average of 0.16. The correlation reached its highest level since 1990 on July 7, signaling that global fund

According to UBS, AMD will hold its annual "Advancing AI 2026" conference on July 22-23 in San Francisco. The investment bank expects the event to focus on demonstrating technology rather than disclosing new customer or financial details. UBS anticipates AMD will present latest developments on

South Korea's KOSPI index fell 4% and the KOSDAQ index fell over 5% during the Constitutional Day holiday break, amid a sharp decline in U.S. semiconductor stocks. The KOSPI dropped to the 6,500 level. Market attention is now turning to U.S. tech giants' earnings reports expected later this

Individual investors in South Korea net purchased 161.1 billion won of TIGER US S&P500 ETF from the 10th to the 16th, ranking first among all ETFs in individual net purchases according to ETF CHECK. The shift occurred as the KOSPI fell 19.53% during the period up to the 16th this month, with