Global TradFi & Macroeconomics

According to Herald Economy, South Korea's fund industry recently disputed the notion that single-stock leveraged exchange-traded funds (ETFs) are the primary cause of recent market volatility. The remarks come as Samsung Electronics and SK Hynix shares experienced sharp price swings, prompting mark

According to Kobeissi Letter, the auction yield on U.S. 30-year Treasury bonds rose to 5.06% on July 20, marking the highest level since 2007. The increase pushes long-term Treasury yields above the 5% threshold, up from approximately 2% in early 2022. Rising risk-free rates are expected to increase

According to Korea Financial Supervisory Service filings on July 20, Alutec, the largest shareholder of KOSDAQ-listed KPTYU, launched a tender offer for 1 million shares (17.46% stake) at 4,000 won per share. Local media reported that internal company funds were traced flowing to the shareholder's s

Samsung Securities analyst Shin Seung-jin released a weekly investment strategy report on the 20th recommending investors consider additional purchases of AI-leading stocks following recent market corrections. The KOSPI index fell approximately 25% from its peak over the past month, driven by

Kiwoom Securities raised the target price for TES, a semiconductor equipment company, from 62,000 won to 250,000 won, a 303% increase, and maintained its 'buy' rating on the 20th. The adjustment reflects anticipated accelerated memory facility investments by Samsung Electronics and SK Hynix.

According to Hana Securities analyst research on July 20, SK Hynix stock has fallen 43% to 2022 crisis levels, despite resilient underlying market fundamentals. DRAM spot prices rose 2% week-over-week and 7% month-over-month, while DRAM-focused ETFs saw inflows of $4.5

According to Kiwoong Securities, the brokerage raised semiconductor equipment maker Tes' target price to 250,000 Korean won on July 20, up 303% from the previous target of 62,000 won. The stock was trading at 194,300 won as of the previous close. Analyst Park Yu-ak attributed the upgrade to

According to Zhitong Caijing, Aodong New Energy filed with the Hong Kong Stock Exchange main board on July 19, with Zhaoyin International as sole sponsor. The company is the third-largest battery-swapping operator in China by 2025 revenues from battery-swapping station operation services,

According to Chosun Biz, South Korea's KOSDAQ-listed NQ Chem announced on July 19 that its subsidiary NQ Chem America will undergo a reverse merger with Merger Sub, Inc., a newly formed subsidiary of NASDAQ-listed THE GROWHUB LIMITED. Under the transaction structure, NQ Chem will become a

According to Kobeissi Letter data, leveraged semiconductor ETF assets fell to $100 billion on July 20 from a June peak of approximately $163 billion, representing a 39% decline. Semiconductor ETFs accounted for roughly 63% of all U.S. leveraged ETF outflows during

Hanwha Asset Management ETF Strategy Team leader Lee Su-jin announced on the 20th the team's expansion from 5 to 8 members and plans to launch new active ETF products in the second half. Lee, who joined Hanwha Asset Management last month, leads the team responsible for 'PLUS' ETF research and active

Hanwha Asset Management is expanding its ETF strategy team from five to eight members as the Korean exchange-traded fund market approaches 500 trillion won in assets. Lee Su-jin, who joined the firm last month to lead the ETF strategy team, oversees research and active product management under the

According to Yonhap Infomax, on July 20, TSMC raised its 2026 capital expenditure guidance to $60–64 billion, up from previous forecasts, as artificial intelligence demand drives expansion. The company allocated 70–80% to advanced process technologies and 10–20% to advanced packaging and testing. TS

According to Yonhapinfomax, Hana Asset Management expanded its ETF strategy team from 5 to 8 members on July 20, as the company moves to strengthen active ETF capabilities. The expansion aligns with South Korea's recent regulatory easing that exempts active ETFs from correlation coefficient

According to financial investment industry sources, on July 16, the Bank of Korea's Monetary Policy Committee raised the base rate by 0.25% to 2.75%, the first increase in 3.5 years. Analysts project the rate hike will have limited direct impact on securities firms' debt securities holdings, as

Korean stocks suffered their steepest single-day decline in months on July 16, with the KOSPI index plunging 463.81 points or 6.37% to close at 6,820.60, triggering the 37th circuit breaker of the year. The selloff was driven by sharp losses in semiconductor heavyweights Samsung Electronics

Samsung Electronics and SK Hynix stocks fell sharply in pre-market trading on May 20, with Samsung Electronics down 4.71% to 243,000 won and SK Hynix declining 5.43% to 1,742,000 won as of 8:07 AM in Nextrade pre-market sessions. The declines followed weakness in US and Japan

According to Seoul Gyeongje reporting, on July 20, Samsung Electronics and SK Hynix fell over 5% in premarket trading. Samsung traded at 242,000 Korean won, down 5.10%, while SK Hynix declined 5.59% to 1,739,000 Korean won. The declines followed overnight weakness in U.S. semiconductor stocks,

Samsung Biologics signed an acquisition agreement with PolyPeptide Group on the 20th for approximately 2.7 trillion won. The deal represents the largest merger and acquisition in Korea's pharmaceutical and biotechnology industry. Samsung Biologics plans to acquire 100% equity through majority

According to TSMC Chief Financial Officer Jonathan Huang, the company plans to distribute dividends in U.S. dollars to foreign investors starting in 2027.