Global TradFi & Macroeconomics

According to Bank of America research released on July 9, Nvidia's forward P/E ratio of 18.7x is approximately half the 10-year average of 37x, marking its lowest valuation in 11 years. BofA argues that market concerns

Vantage Markets secured a Category 5 licence from the United Arab Emirates' Capital Market Authority, strengthening its regulatory presence in the Middle East as global brokers compete for regional expansion. The approval allows Vantage Global Financial Services L.L.C. to operate as a licensed

Vantage Markets obtained a Category 5 license from the United Arab Emirates' Capital Market Authority, enabling its local entity to operate as a licensed introducer in the UAE. The license allows Vantage Global Financial Services L.L.C. to introduce clients to the broker's regulated services but

According to Zhitong Finance, Hang Seng Index July futures opened at 23,975 points on July 9. As of 17:19 Beijing time, the contract reported 23,953 points, down 24 points or 0.1%, with a discount of 77 points. Trading volume stood at 212

According to Yole Group research, global semiconductor device industry revenue is projected to reach $1.6 trillion in 2026 and approach $2 trillion by 2027. The growth is driven by AI infrastructure, high-bandwidth memory (HBM), advanced packaging, and data center investments transforming the indust

According to Yonhapinfomax, South Korea's FX swap points declined across all maturities on July 9 as asset swap supply outweighed demand. The 1-year maturity closed at -14.80 won, down 0.30 won from opening; the 6-month maturity fell to -7.60 won, and the 3-month maturity settled at -3.60 won.

According to BlockBeats, on July 9, a new round of U.S.-Iran military clashes broke out, blocking Trump's attempts to exit the conflict. The ceasefire agreement remains fragile amid escalating tensions over Hormuz Strait control, while oil prices continued to rise. A Reuters-Ipsos poll released on t

The United Kingdom, European Union, and Switzerland will transition stock settlement cycles from T+2 to T+1 on October 11, 2025, according to London Stock Exchange Group (LSEG) officials. Hong Kong plans a similar shift in Q4 2025. The moves respond to competitive pressure following the United

Zijin Mining Group (HK:02259) reported that profit attributable to parent company shareholders reached approximately $1.4 billion in the first half of 2026, up $880 million or 169% compared to the same period in 2025.

According to the London Stock Exchange Group (LSEG), the UK will transition from T+2 to T+1 settlement cycles on October 11, 2026, in coordination with EU and Swiss markets. An LSEG spokesperson confirmed the implementation remains on track, with preparations already underway since February

According to Herald Economics, Samsung Electronics and SK Hynix have experienced significant share price declines in recent days, pushing their valuations to historic lows relative to their price-to-earnings ratios. However, securities analysts caution against aggressively increasing positions in th

According to Jin10, BP Chief Executive Meg O'Neill said on July 9 that safety remains the company's foremost priority, emphasizing daily operations must be secure, reliable, and cost-effective. O'Neill outlined three key priorities: prioritizing safety, implementing clearer accountability, and

Commodity mining ETFs recorded double-digit losses over the recent 3 months as raw material prices halted their surge and profit-taking sales emerged. Gold mining ETF GDMN fell -28.46% during this period, while silver mining ETFs SLVP and SILJ declined -16.42% and -17.22% respectively. The

According to Seoul Economy, commodity mining exchange-traded funds that topped global ETF returns from late 2025 through early 2026 have posted sharp declines over the past three months. Gold mining strategy ETF GDMN fell 28.46% in the three-month period through July 7, while gold-focused GOEX

According to Yonhap Infomax, NH Investment & Securities signed a strategic investment agreement today (July 9) to acquire a 32.2% stake in Choice Equity Broking Private (CEB), a subsidiary of India-listed financial group Choice, for approximately 142.3 billion Korean won (9 billion Indian rupees).

Korean bank stocks outperformed in July as the KOSPI fell approximately 14%, with Shinhan Financial Group rising 9.60% from 95,800 won to 105,000 won during the month. The rally occurred amid heightened volatility in semiconductor stocks, as investors sought defensive positions with stable

According to Korea Exchange, Shinhan Bank surged 9.60% to 105,000 Korean won on July 9, while KB Financial (up 7.80%), Hana Financial (up 6.98%), and Woori Financial (up 3.62%) also advanced sharply. This marked a stark contrast as KOSPI fell 13.97% in July due to memory chip volatility linked to

South Korean semiconductor TOP2 exchange-traded funds (ETFs) posted losses exceeding 20% from July 1 to July 8, underperforming both the KOSPI index and the KRX Semiconductor Index during the market correction period. The concentrated investment strategy in Samsung Electro-Mechanics and SK Square, a

According to Korea Exchange, on July 9, 19 of the top 20 stocks that surged in the first half of 2026 have declined sharply this month, with semiconductor substrate stocks leading losses. Samsung Electro-Mechanics, which posted the highest H1 gains on the KOSPI, fell 31.64% through July 9, while

According to Korea Economic TV, Naver's stock hit a 52-week low recently. The decline marks a significant pullback for South Korea's leading IT company, despite strong earnings performance.