Global TradFi & Macroeconomics

According to UBS Asset Management, on July 20, the company released an outlook predicting global equities will receive support from three positive factors despite market volatility. With approximately 10% of S&P 500 companies having reported earnings, nearly 90% exceeded earnings per share (EPS)

According to Yonhapinfomax, on July 21, Macquarie Asset Management initiated a take-private bid for Gavia, a cloud and IT infrastructure company, through its special purpose vehicle DCK Investment. The bid

According to The Block, Grayscale has submitted a Worldcoin ETF registration statement to the U.S. SEC on July 21. The Grayscale Worldcoin ETF will hold the World Network's native token WLD as a passive investment vehicle, with each share value designed to reflect the WLD holdings minus fees and

Nvidia filed a Schedule 13G disclosure with the U.S. Securities and Exchange Commission on July 20, revealing beneficial ownership of 22.26 million shares of AI cloud services provider Nebius Group, representing a 9.3% stake. The disclosure includes 1.19 million common shares previously reported in

Nikkei 225 index futures rose 1.6% during early trading today.

Citi strategists declared the era of the 'Magnificent 7' large-cap technology stocks over in a recent client note on 20일 (local time), stating the concept has lost its vitality as a framework for evaluating large-cap growth stocks. The assessment comes as the Magnificent 7 group has underperformed t

JP Morgan issued a bullish call on semiconductor stocks on the 20th (local time), stating the sector will form a bottom soon despite recent sharp declines, as AI-related company earnings and industry conditions remain robust. Strategist Mislav Matejka explained that meaningful supply expansion is

Wall Street investment banks issued positive outlooks on major technology stocks this week as New York markets enter earnings season. Cantor Fitzgerald, Morgan Stanley, Bank of America, Mizuho Securities, and Barclays released reports ahead of Big Tech earnings announcements, maintaining or

According to Citigroup strategists, the era of the 'Magnificent 7' large-cap technology stocks has ended today, as the Roundhill Magnificent 7 ETF has risen only 1% year-to-date, underperforming the S&P 500's 9% gain. The strategists noted in a client note that the Magnificent 7, which dominated

According to JP Morgan strategist Misleav Matejka on July 20, semiconductor stocks will likely bottom out supported by strong earnings fundamentals, and investors should resume buying this summer. The iShares Semiconductor ETF (SOXX) has declined approximately 13% over the past month amid concerns a

According to Benzinga, UBS issued a "significantly reduce risk" warning on artificial intelligence-related semiconductor stocks in June amid concerns about crowded positioning. The warning has proven partially accurate: AI chip leaders including Micron, AMD, and SanDisk have experienced notable

According to Shanghai Steel Union data, on July 20, battery-grade lithium carbonate spot prices fell to 152,200 yuan per ton, down 7,200 yuan from early July and 25,000 yuan from early June. Despite strong order demand from downstream lithium battery producers and tight near-term supply amid

Samsung Electro-Mechanics is forecast to achieve a sharp increase in operating profit for Q2, driven by AI server component demand. Yonhap Infomax compiled reports from 15 major domestic securities firms that issued forecasts within the last month, projecting Q2 revenue of 3.3237 trillion won and op

NH Investment & Securities will suspend its mobile and mobile web non-face-to-face account opening services on the 25th from 9:30 AM to 10:30 AM for approximately one hour. The suspension is due to system work for introducing a foreign stock omnibus account service aimed at improving foreign

According to industry sources, NH Investment Securities will temporarily halt non-face-to-face account opening services via its mobile trading system and web platform on July 25 from 9:30 to 10:30 a.m. for system maintenance. The suspension is tied to the deployment of an omnibus account system

According to 15 major Korean brokerages, Samsung Electro-Mechanics' second-quarter operating profit is forecast at ₩410.4 billion, up 92.7% year-over-year, while revenue is expected to reach ₩3.3237 trillion, up 19.4%. Growth is driven by increased demand for AI server-related products,

The won-dollar exchange rate fell to the 1470 won range following a peak of 1560 won on the 1st, with analysts attributing the decline to SK Hynix's American Depositary Receipt (ADR) listing on Nasdaq. According to financial investment industry sources on the 21st, KB Securities researcher Oh

According to Korea Economic TV, SK Hynix listed its American Depositary Receipt (ADR) on the Nasdaq on July 21, raising approximately $26.5 billion. The offering has coincided with a significant strengthening of the South Korean won against the

According to U.S. officials, the Trump administration announced it will impose 50% tariffs on certain Canadian goods including dairy, hockey sticks, and cement, effective in 30 days under Section 338 of the 1930 Tariff Act. Energy, potash, fish products, and critical minerals are exempt, as are good

According to The Wall Street Journal on July 21, BlackRock is leading debt financing of at least $12 billion to support Meta's new data center in El Paso, Texas. BlackRock and its infrastructure and private credit divisions will hold 80% equity in the project, while Meta holds the remaining 20%. The