Global TradFi & Macroeconomics

According to Korean Economic Daily, South Korean refiner stocks surged in July as geopolitical tensions drove refining margins sharply higher. S-Oil rose 37.87% for the month to 146,700 won on July 20, while SK Innovation and GS each gained over 23%. The combined refining margin jumped from $29

According to Ukraine's Ministry of Economy, the country's GDP grew 0.8% year-over-year in May.

According to Herald Economy, on July 22, markets will shift focus to earnings reports from hyperscale data center operators as semiconductor stocks face mounting peak-out concerns. SK Haikuli's stock has plunged 40% despite the company posting record profits, reflecting a broader paradox where semic

According to ChainCatcher, Swedish public company Bitcoin Treasury Capital has launched Europe's first Bitcoin-backed preferred shares on Spotlight Stock Market under the ticker BTC PREF. The product offers a 10% annual dividend paid

According to Korea Exchange, the KOSDAQ index fell 5.33% to close at 749.64 on July 20, with intraday lows reaching 747.00, marking a new 52-week low. Market capitalization dropped below 420 trillion won. The index has declined 38.9% from its April 27 peak of 1,226.18. Trading volume hit 4.79 trilli

WTI crude oil declined over 1% intraday to $81.50 per barrel, while Brent crude fell 0.64% to $86.19 per barrel on July 20.

According to Mitsubishi UFJ Bank's Lee Hardman on July 20, sterling is unlikely to see significant further gains despite rising inflation-adjusted real yields and easing fiscal concerns. Hardman noted that following recent strong appreciation, the market has priced in substantial positive

According to China Coal Transportation and Sales Association, output and sales of monitored coal enterprises both declined in early July due to tightened safety regulations, mine maintenance, and rainfall. Demand from power plants weakened as increased hydroelectric and renewable energy output

KOSPI ranked last among major global stock indices in one-month returns as of July 16, falling 24.75% from June 18 to July 16, according to Investing.com data reported on July 20. The index closed at 6516.27 on July 20, down 4.46%. The decline was driven by intensified selling pressure in

Duksan NeoCorus and DTS received preliminary listing approval from the Korea Exchange KOSDAQ market listing committee on the 20th, becoming the first subsidiaries permitted to pursue dual listings under new exception rules. The approvals followed the Financial Supervisory Service and Korea Exchange'

The USD-KRW exchange rate fell to 1,478.40 won as of 3:30 PM on the 20th in Seoul foreign exchange market, down 0.10 won from the previous close of 1,478.50 won, marking the lowest closing level since May 11. The decline occurred despite Middle East geopolitical tensions as selling pressure from

Trump pledged to continue bringing prices down after June CPI fell 0.4%, the largest monthly decline since April 2020, according to Bureau of Labor Statistics data. The president cited falling oil, gas, egg, and prescription drug prices in a Truth Social post, extending a pressure campaign that