Global TradFi & Macroeconomics

Three-Circle Group released mid-year earnings guidance on July 21, projecting H1 net profit of 17.9-20.4 billion RMB, representing 45-65% year-on-year growth. The stock surged 12.7% to HK$102, with intraday high at HK$105 and trading volume exceeding 150 million shares. The growth is driven by

According to Daol Investment Securities on July 21, ship engine manufacturers Hanwha Engine and HD Hyundai Marine Engine posted record order volumes in the first half of 2026, yet their stock prices have fallen sharply. Hanwha Engine received 1.435 trillion Korean won in orders—nearly matching its f

According to MSX.COM data, China-Korea Semiconductor ETF (513310) hit limit-up at close on July 21, with trading volume exceeding CNY 23.8 billion.

USD/JPY rose 0.03% to 162.488 yen as of 1:42 PM on July 21 in Tokyo trading, according to Yonhap Infomax. The currency pair opened at 162.555 yen and maintained modest gains throughout the session. The yen weakened due to corporate dollar-buying demand from Japanese importers following the July 20 h

Japanese stock indices rose on the 21st, with the Nikkei 225 climbing 2,091.07 points (3.26%) to close at 66,232.19 and the TOPIX gaining 95.74 points (2.44%) to finish at 4,014.95. The rally was driven by rebound buying in semiconductor and artificial intelligence stocks that had declined sharply t

The Bank of Korea confirmed the official name of its offshore won settlement system as 'BOK-Wire Int' and announced it is proceeding with construction work targeting a September pilot launch. Four banks — Kookmin, Woori, Hana, and Shinhan — will participate in the pilot operation. The system aims

According to the Norwegian Petroleum Directorate, Norway's crude oil production for June reached 1.827 million barrels per day based on preliminary data.

According to Yonhap Infomax, the dollar-yen exchange rate rose 0.03% to 162.488 yen on the Tokyo market on July 21, at 1:42 p.m. local time, with the pair opening at 162.555 yen. The yen weakened as escalating U.S.-Iran tensions drove safe-haven demand into dollars, following U.S. President

According to Yonhap Infomax, South Korea's central bank confirmed on July 21 that it will officially name its offshore won settlement system 'BOK-Wire Int' and proceed with trial operations targeting September 2026. Four domestic banks—Kookmin, Woori, Hana, and Shinhan—will participate in the

The KOSPI Korean stock index has experienced sharp volatility after falling below the 7000 level, with securities firms attributing the swings to the outsized influence of semiconductor stocks Samsung Electronics and SK Hynix, which account for 54% of the index's market capitalization. The index

Palladium futures contracts rose over 4% intraday today, trading at 305.80 yuan per gram.

Korean stocks with price-to-book ratios below 1x increased from 567 companies to 597 over the past year despite the KOSPI index more than doubling, according to analysis presented at a forum on the 21st at the National Assembly Members' Office Building in Yeouido, Seoul. Kim Min-guk, CEO of VIP Asset Management, attributed the persistent undervaluation to South Korea's inheritance and gift tax law, which evaluates listed stocks based on average prices during the two months before and after inher

According to Zhitong Caijing, Weizhao Semiconductor, China's largest WLCSP MOSFET supplier, submitted a fresh listing application to the Hong Kong Stock Exchange recently. The company, ranked sixth among non-IDM power semiconductor device suppliers in China by 2025 revenue, faces significant

Samchundang Pharmaceutical hit the upper price limit on the 20th before plunging to the lower limit on the 21st. The stock experienced a 60% swing over the two trading days. The initial surge followed the company's announcement of receiving a Pre-ANDA response from the U.S. Food and Drug

According to Bizwatch and VIP Asset Management CEO Kim Min-guk, companies trading below their book value on South Korea's KOSPI index increased to 597 on July 21, up from 567 a year earlier, even as the KOSPI nearly doubled. The average KOSPI price-to-book ratio rose from 1.07x to 1.95x over the

According to Jin10, China's ChiNext 50 Index surged over 10% today (July 21), marking its largest single-day gain this year, compared to 8.41% on July 9. Three constituent stocks—Gekewei, Hua Hong Semiconductor, and Zhongke Feice—hit the 20% daily limit-up

According to Jin10 data, Pakistan and Bangladesh were forced to purchase liquefied natural gas at multi-year highs on July 21 due to Middle East supply disruptions. Pakistan's state-owned LNG company bought a cargo on Monday at approximately $21.88 per million British thermal units, the highest

Gabia, a cloud and IT infrastructure company, launched a tender offer from May 21 to September 17 at 48,000 won per share in partnership with Macquarie Asset Management to delist and resolve its dual-listing structure. Macquarie will acquire the 24.4% stake held by Gabia co-CEO Kim Hong-guk and

Foreign investors classified as overseas institutions received preferential stock allocations in South Korean IPOs without mandatory lock-up commitments, while domestic institutional investors faced stricter holding requirements. In the HLGenomics IPO scheduled

SpaceX stock closed at $119.85 on the 20th (local time), down 3.34%, marking the 10th consecutive day of decline and falling below its IPO price of $135 for the first time since listing last month. The company, which debuted on the New York Stock Exchange in what was described as the largest IPO in