Global TradFi & Macroeconomics

According to Korea Exchange, on August 25, KOSPI recovered to 6700.02 level, up 0.05%, after falling 2.4% at market open earlier in the day. The index had dropped to the 6400 level in early trading but rebounded on individual and institutional investor buying pressure throughout the afternoon

According to Korean Economic TV, Anthropic is preparing for an October IPO with a target valuation exceeding $2 trillion. If the company offers 3–5% equity stake, it would raise a minimum of $60 billion to a maximum of $100 billion, surpassing SpaceX's $85.7 billion offering in

According to Daniel Morris, chief market strategist at BNP Paribas Asset Management, global government bond yields rose in sync on August 25, with investors seeking explanations for the synchronized move. While inflation concerns and worries over government debt sustainability are cited as

According to Jin10 data, U.S. Treasury yields rose slightly during Tuesday's Asia trading session on August 25 as markets assessed the Treasury Department's consideration of using its general account to fund

Barclays raised its forecast for South Korean government bond issuance next year to 221.5 trillion won, a significant increase from its previous estimate of 185.6 trillion won. The upward revision stems from a substantial transfer of tax revenue to the Future Response Fund (FRF), driven by an AI

According to Jin10 data, Japan's central bank reported on August 25 that core inflation excluding fresh food and government measures rose 2.3% year-over-year in July, surpassing its 2% target. This contrasts with

Morgan Stanley increased its Bitcoin holdings by approximately 100 BTC, bringing its total position to over 7,000 BTC for the first time, according to recent market reports. The move signals continued institutional interest in cryptocurrency amid broader market

According to Commonwealth Bank of Australia economist Belinda Allen on August 25, the Reserve Bank of Australia views inflation risks as skewed upward, and debate over the appropriate policy response has intensified. She suggested the central bank committee may be losing patience or using forward gu

According to Jin10 Futures, CME data from August 24 showed mixed performance across energy and precious metals. Gold and copper saw increased trading volume and open interest, while silver and WTI crude oil recorded declines in both metrics. Brent crude oil and natural gas exhibited higher trading a

According to Kiwoom Securities' analysis released on August 25, high-net-worth clients with deposits of 1 billion won or more surged 80.7% year-over-year as of July 31, while the firm's overall individual client base reached 9.05 million, up 11% from a year earlier. Top holdings shifted from

South Korea's KOSPI 200 index (benchmark equity index) recovered to positive territory today (Aug 25), reversing earlier losses that had reached 4.3% during the session.

According to YonhapNews, South Korea's KOSPI index fell as much as 4% during intraday trading on August 25 but narrowed losses significantly by afternoon. As of 1:57 PM, the KOSPI was down 0.48% or 32.01 points at 6,664.95, as declines in Samsung Electronics and SK Hynix eased. The KOSDAQ index

Summary: TSMC stands as AI chips’ print-and-pack leader, with supply capacity and price power despite shortages, and plans $60–64B capex; it captured 73% of Q1 2026 third-party spending. Abstract: The article profiles Taiwan Semiconductor Manufacturing Co. (TSMC) as the biggest beneficiary of AI semiconductor growth due to its central role in printing and packaging chips for hyperscale data centers. It argues that no other manufacturer matches TSMC’s capacity, though the company faces near-term supply constraints. AI workloads demand the most advanced manufacturing technology, and TSMC maintains its lead by prioritizing high R&D and capital expenditure, with capex raised to $60–$64 billion this year aided by AI pricing power. The narrative describes a virtuous cycle: winning large contracts, expanding capacity, investing in R&D, and securing ongoing AI business, supported by a stock multiple around 24.5x forward earnings and an expected ~30% EPS growth over two years. In Q1 2026, TSMC accounted for 73% of all third-party manufacturing spend.

According to UBS on August 24, Broadcom will report second quarter results on September 2, with third quarter AI revenue forecasted at approximately $16 billion and fourth quarter at $21–22 billion. UBS lowered its 2027 AI revenue forecast for Broadcom from approximately $135 billion to $130 billion

According to Jin10, China's A-share benchmark indices surged in afternoon trading on August 25. The Shanghai Composite Index rose 0.26%, the Shenzhen Component Index gained 0.23%, and the ChiNext Index turned positive after declining over 2% in early trading.

Korean retail investors purchased $4.384 million of the iShares 20+ Year US Treasury Bond JP Hedged ETF listed in Japan this month through the previous day, according to Korea Securities Depository data released on the 25th. Despite increased trading activity - recent week purchases of $1.924 millio

Strive Inc. (ASST) purchased 1,110 Bitcoin (BTC) at an average price of $73,409 per BTC between Aug. 17 and Aug. 21, according to a filing with the Securities and Exchange Commission. Shares surged more than 9% overnight following the disclosure. The purchase accounts for about $81.5 million and

According to Yonhapnews on August 25, domestic investors' net purchases of the iShares 20+ Year US Treasury Bond JP Hedged ETF listed on Japanese exchanges totaled $4.384 million as of August 24. While one-week buying increased to $1.924 million (double the prior week's $774,000), the absence of

According to CCTV Financial News, Shenzhen's Waterbe market, a bellwether for China's gold jewelry sector, saw a surge in gold bar sales last weekend as international gold prices rallied. Consumer preferences shifted toward lightweight, aesthetically refined products with intricate craftsmanship as