Global TradFi & Macroeconomics

According to Goldman Sachs research published recently, the investment bank upgraded China BAK Battery (Zheng力新能, 03677) to Buy with a 12-month price target of HKD 13.0, implying 139% upside from recent levels. The company trades at

Four petrochemical companies in South Korea's Yeosu industrial complex received approval on the 22nd for a major restructuring plan that will create a single integrated entity. Yeocheon NCC, Lotte Chemical, Hanwha Solutions, and DL Chemical submitted the final 'Yeosu Project 1 Restructuring Plan'

Tesla (NAS:TSLA) stock closed at $378.93 on July 21 local time, up 2.53%, ahead of its Q2 earnings release scheduled for after market close on July 22 local time. Wall Street expects the electric vehicle maker to report $26.21 billion in revenue, a 16% increase from the prior year, and adjusted earn

According to Korea Exchange, South Korea's KOSPI index surged 5.96% to 7,150.26 as of 9:15 a.m. on July 22, reclaiming the 7,000-point level. The rally was driven by gains in semiconductor stocks, with major chipmakers leading the market

Hana Materials is projected to achieve strong Q2 2024 earnings, according to Shinhan Investment & Securities. The South Korean semiconductor etching component manufacturer received a 43% target price upgrade to 83,000 won, with Q2 operating profit forecast at 23.4 billion won, representing 176%

According to Korea Economic TV, Samsung Electronics rallied 5.79% to 274,000 Korean won at market open on July 22. The stock has risen over 10% across two consecutive trading days, rebounding after three days of

The South Korean government confirmed a support package exceeding 700 billion KRW for the Yeosu petrochemical industrial complex restructuring project on the 22nd, according to the Ministry of Trade, Industry and Energy. The package centers on 650 billion KRW in financial support to

According to Yahoo Finance, Tesla reported Q2 earnings on July 22 after market close, posting revenue of $26.21 billion (up 16% year-over-year), adjusted earnings per share of $0.50, and EBITDA of $4 billion, compared to $2.3 billion in the prior year period. The company delivered 483,986 vehicles i

According to South Korea's Ministry of Industry, Commerce and Energy, on July 22, Lotte Chemical, Hanwha Solution, and DL Chemical completed a merger to establish a unified entity in the Yeosu petrochemical complex. The three companies will hold equal 33.3% stakes in the new firm, with Hanwha and DL

According to Shinhan Investment Securities on July 22, Hana Materials' Q2 operating profit is expected to surge 176% year-over-year to ₩23.4 billion, with revenue reaching ₩93 billion. The brokerage raised its target price 43% to ₩83,000 and maintained a buy rating, citing improved semiconductor

According to Korea Exchange, SK Hynix surged 8.44% on July 22 morning, recovering the 2 million won price level intraday. The rally was driven by broad strength in U.S. semiconductor stocks overnight on Wall Street, with SK Hynix's American Depositary Receipts (ADR) posting double-digit

According to Jin10 data, as of July 21 (Tuesday), Chinese stock indices posted strong gains. The Shanghai Composite Index rose 1.79% to close at 3,864.37 points, the Shenzhen Component Index surged 4.81% to 14,264.29 points, and the ChiNext Index climbed 7.05% to 3,685.97 points. The Sci-Tech 50 Ind

Five major Korean defense stocks averaged an 11.68% gain year-to-date as of the 22nd, significantly underperforming the KOSPI index's 56.58% rise over the same period, despite ongoing Middle East conflict since February 28. The underperformance stems from concerns over delayed new contract

Korean retail investors net purchased $1.8526 billion worth of SOXL, a 3x leveraged semiconductor ETF, from July 1 to July 20, 2026, according to Korea Securities Depository. The buying surge occurred as KOSPI plunged 21% from 8,300 to 6,500 during the same period, with Samsung Electronics and SK

Daishin Financial Group held its first large-scale integrated strategy meeting under new CEO Jin Seung-wook on the 22nd at Wirye Training Center, with Chairman Lee Eo-ryong and Vice Chairman Yang Hong-seok in attendance. The meeting aimed to review business operations across all subsidiaries and

According to the Korea Exchange, on July 22, South Korea's five major defense contractors—Hanwha Aerospace, LIG Defense & Aerospace, Hyundai Rotem, Korea Aerospace Industries, and Hanwha Systems—posted an average year-to-date gain of 11.68% as of that date. However, this significantly lags the

According to Yonhapinfomax, Daesin Financial Group held its first comprehensive group strategy conference on July 22 at Wiryeae Training Center under new CEO Shin Seung-uk, with group chairman Lee Eo-ryong and vice chairman Yang Hong-seok in attendance. Hundreds of executives and department heads

According to Jin10 Futures, on July 22, crude oil continued to rally, lifting fuel oil market prices as refineries showed reluctance to sell at lower levels. Downstream buyers maintained cautious sentiment with limited purchasing activity, keeping market momentum

Brent crude oil spiked toward $92 per barrel Tuesday as the U.S.-Iran conflict entered its tenth day, with the Strait of Hormuz recording only 127 vessel transits for the week ending July 19—a nearly 50% drop from 248 transits the prior week. The price surge followed U.S. military strikes on

According to The Block, Ark Invest purchased 16,665 shares of Securitize (SECZ) on Tuesday for approximately $125,654. The stock closed at $7.54, up 13.9% for the day.