Global TradFi & Macroeconomics

According to Naver Securities, Samcheon Pharmaceuticals crashed to its daily limit-down on July 21, falling 29.92% to 167,600 Korean Won. The stock is now down 86.4% from its March 30 intraday peak of 1.233

JP Morgan maintained its Overweight investment rating on Korean stocks in a report released on the 21st, setting a 12-month KOSPI target of 12,500 despite the index falling 28% from its peak. The global investment bank attributed recent market volatility to leverage unwinding rather than

Gate News: According to the latest Gate TradFi data, ZHIPU (ZhiPu 02513.HK) has surged by 40% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

According to Jin10 market data compiled on July 21, U.S. gasoline prices surpassed the $4-per-gallon mark for the first time in a month, while U.S. strategic petroleum reserves fell to their lowest level since March 1983. The combination of tightening supply and increased energy demand has

According to JP Morgan on July 21, South Korea's main stock index KOSPI has fallen about 28% since its June 19 peak of 9,385.59, with the decline largely driven by deleveraging of leverage exchange-traded funds (ETFs). JP Morgan's analysis shows that leverage ETF liquidation is approximately 75%

According to WSJ and the Bank for International Settlements (BIS), since mid-2025, major tech giants including Google, Microsoft, Amazon, and Oracle have accumulated over $1 trillion in deferred revenue from long-term supply contracts, more than double previous levels. Oracle alone holds $638

Japan's 40-year government bond yield rose 1.5 basis points to 3.890% on July 21.

Citigroup maintained its KOSPI target of 10,000 despite the recent sharp decline in Korean stocks, calling the downturn a technical correction. The investment bank stated on local time that most negative factors surrounding the market have peaked. KOSPI closed at 6,516.27 on the previous trading

Rep. Lee So-young of the Democratic Party of Korea, who proposed the Stock Price Suppression Prevention Act in May 2025, stated at a forum on the 21st that the bill addresses tax disparities between listed and unlisted companies in inheritance and gift scenarios. Lee explained the legislation

According to CNBC, Citigroup maintained its KOSPI target at 10,000 points on July 21, citing the recent sharp decline in South Korea's stock market as a technical correction rather than deterioration in fundamentals. The target implies over 50% upside potential from July 20's closing price

Big Tech companies including Alphabet, Tesla, Texas Instruments, and Intel are releasing Q2 earnings reports this week starting on the 22nd (local time), according to the Korean financial investment industry on the 21st. The market has shifted from growth expectations to earnings-based evaluation

According to Yonhapinfomax, Lee So-young, a Democratic Party lawmaker, addressed the background of a proposed bill to prevent stock price manipulation on July 21 during a parliamentary hearing. Lee stated that tax assessment differs based solely on whether a company is listed or unlisted,

According to Korea Exchange, Samchundang Pharmaceutical's stock plunged 29.92% on July 21, hitting the daily lower limit of 167,500 won after surging to 254,000 won the previous day. The sharp reversal came after investors reassessed the significance of the company's receipt of an FDA Pre-ANDA

According to Bloomberg, BlackRock's iShares MSCI Korea ETF (EWY) received record inflows of $2.8 billion during July 13–17, 2026, marking the fund's largest weekly capital influx since inception. The surge in global investor interest follows SK Hynix's launch of American Depositary Receipts (ADRs) o

Kiwoom Securities saw its stock price drop 11.27% over one month from June 19 to July 20, falling from 346,000 won to 307,000 won, according to Korea Exchange data released July 21. The decline stems from falling retail market share in the brokerage's core business and a Financial Supervisory

Hanwha Group has emerged as the largest shareholder of US real-world asset (RWA) tokenization firm Securitize with a 9.6% stake, according to a US Securities and Exchange Commission (SEC) filing. The shareholding was confirmed on local time 1st following the completion of Securitize's merger with

According to Jin10 Futures on July 21, product-to-sales ratios for Shandong independent refineries' gasoline and diesel reached 105% over the past week, up 11 and 6 percentage points respectively from the prior week. Gasoline prices surged 527 yuan per ton, while diesel prices jumped 987 yuan per to

According to The Fact, Kiwoom Securities' stock fell 11.27% from 346,000 won on June 19 to 307,000 won on July 20. The decline comes as the brokerage faces multiple headwinds: retail market share dropped from 26.5% in Q4 2025 to 24.7% in May 2026, while the broader securities sector underperformed a

In May, UK average wages including bonuses grew 4.3% year-over-year, down from 4.4% in the prior period.