Global TradFi & Macroeconomics

According to Hana Securities, South Korea's KOSPI index opened down 2.60% (77.02 points) at 6,643.58 on July 20, continuing its recent downtrend. Analyst Lee Jae-man flagged upcoming U.S. hyperscaler earnings reports beginning late July as pivotal for domestic semiconductor stock recovery.

According to Jim Chanos, founder of Chanos & Co., the incremental capital returns for major cloud operators including Google, Meta, Amazon, Microsoft, and Oracle have dropped from approximately 40% about 18 months ago to roughly 20% currently. Chanos warned that if capital spending growth

The Office of the President of South Korea’s National Policy Director Kim Yong-beom stated on July 19 on the Korean Broadcasting System (KBS) news program that the government will not delist single-stock leveraged stock products related to Samsung Electronics and SK Hynix. The reason is that investors have already put more than 10 trillion Korean won (about $6.72 billion) into these leveraged products, and delisting would create too large an impact on the market. Kim Yong-beom: Won’t delist Sams

On the 20th, foreign exchange dealers in the Seoul foreign exchange market forecast the dollar-won exchange rate would rise to the 1,480 won range but remain range-bound with limited upside. Middle East geopolitical risks intensified as the US Central Command announced on the 17th (local time)

Bank of America forecasted on the 18th (local time) that the US dollar will maintain its upward trajectory in the second half following a 2.5% appreciation in the first half, driven by three reinforcing factors. The bank attributed the dollar's strength to Middle East geopolitical tensions,

Global semiconductor exchange-traded funds have attracted $24.7 billion in new capital since June 22 despite suffering declines ranging from 20% to 61% from their peaks. According to ETF.com on July 17 (US local time), investors are treating the sharp downturn as a buying opportunity rather than a s

According to Bitget, on July 20, Zhipu (02513.HK) dropped over 13%, with MINIMAX-W (00100.HK) falling over 4%.

According to Herald Economy, KOSPI fell 1.70% to 6704.51 as of 10 a.m. on July 20 during South Korea's Constitutional Day holiday period, weighed by weakness in U.S. markets. The index opened 2.60% lower at 6643.58, with early morning losses reaching 4.40%, testing support levels

According to Bank of America, released on July 18, the U.S. dollar is forecast to continue strengthening in the second half of 2026 after gaining 2.5% in the first half. The bank attributed the first half appreciation to increased foreign investor exposure to U.S. tech stocks and rising rate

According to ETFdotcom, on July 17, major semiconductor ETFs experienced significant price declines since their June 22 peak, with Roundhill Memory ETF (DRAM) falling 40%, iShares Semiconductor ETF (SOXX) down 24%, and 3x leveraged SOXL plunging 61%. Vanguard Semiconductor ETF (SMH) declined 20%.

Today, the Hang Seng Index opens up 272 points (1.1%), reaching 24,835 points and reclaiming the 50-day moving average after Friday's 446-point decline below the 25,000 level. The National Index opens up 116 points (1.4%) at 8,252, while the Tech Index rises 101 points (2.2%) to

According to China International Capital Corporation (CICC), ANTA Sports (02020) maintained its outperform rating with a target price of HK$110.91 as of July 20, 2026, implying 50% upside. CICC kept its 2026-27 EPS forecasts unchanged at 4.98 and 5.37 yuan respectively, translating to 20x and 18x fo

Since taking office as chair in May, FED Chair Kevin Warsh has clearly said he will reduce external communications and reshape how forward-looking guidance is delivered, prompting Wall Street to rapidly adjust its policy-implied forecasting tools. This week, F/m Investments rolled out an AI tool called “WarshGPT.” It analyzes nearly 1,800 documents and speech transcripts from Warsh, aiming to help users understand how he may view issues related to the economy and monetary policy. Warsh’s shift i

Bank of America appointed executives to lead its digital assets and artificial intelligence divisions on the 18th (local time). Sonali Theisen was named head of the Global Digital Assets Platform, while Kevin Milsom was appointed head of Platforms AI Transformation. The appointments aim to

According to Jin10, as of 09:30 BJT on July 20, WTI crude oil futures rose 2.23%, while U.S. natural gas futures declined 0.79%.

According to Reuters and Bloomberg, Bank of America on July 18 appointed senior executives to lead its digital assets and artificial intelligence initiatives. Sonali Theisen was named head of the Global Digital Assets Platform, overseeing platform design, development, and governance while

IBM, Micron, and SanDisk stocks received divergent assessments following last week's declines, with IBM labeled 'dead money' unlikely to recover soon, according to Yahoo Finance reporting on the 19th local time. IBM's stock plunged 25% on the 14th after the company reported second-quarter revenue

According to Grayscale Research Chief Zach Pandl on July 15, 2026, if Bitcoin forms a solid bottom but trades sideways before recovery, a covered call strategy can generate income from Bitcoin volatility while managing spot price exposure. Assuming a spot price of $65,000 and 40% implied volatility

According to BlockBeats, on July 20, the Southbound Double Long Haixi (07709.HK) and Southbound Double Long Samsung Electronics (07747.HK) both opened 15% higher.