Global TradFi & Macroeconomics

According to Shanghai Securities News disclosed on July 21, Zhipu (02513.HK) has two key developments: First, Zhipu has officially completed the acquisition of Zhongke Jiah e, which originated from the Compilation Laboratory of the Institute of Computing Technology, Chinese Academy of Sciences. It has long been deeply engaged in heterogeneous computing software stacks and compilation optimizations, and is regarded in the industry as one of China’s top AI infrastructure teams. Second, Zhipu has i

According to Nikkei Asia reported yesterday (July 21), TSMC, the world's largest semiconductor foundry, plans to raise chip manufacturing prices by 5% to 10% starting 2027, citing rising production costs and overseas factory construction expenses. Price negotiations with major customers, including t

Gabia, a cloud and IT infrastructure company, is proceeding with a delisting process through a tender offer conducted by Macquarie Asset Management at 48,000 KRW per share from May 21 to September 17. Macquarie will acquire a 24.4% stake from co-CEO Kim Hong-guk and special related parties, then

According to the Korea Exchange, foreign investors posted net buying across the KOSPI for three consecutive trading sessions this week beginning July 20. The cumulative net purchase amount for July 20 and 21 reached 836 billion won, marking a continuation of buying momentum amid expectations of a

Hong Kong's Hang Seng Index fell 294 points today, closing at 24,955 points, down 0.7%, after declining 10 points in the previous session. The index broke below the 25,000 level at market open and extended losses amid selling pressure in large-cap technology stocks. The Hang Seng Tech Index

According to Herald Economics, Gabia, a cloud and IT infrastructure company, launched a public tender offer with Macquarie Asset Management on July 22 to delist and resolve its dual listing structure. The offer price is set at 48,000 Korean won per share, with the tender period running from July 21

NAVER stock rose by 1,100 won on July 21, up 5.3%. South Korea’s e-commerce competitive landscape is shifting as Coupang suffers repeated major setbacks. Coupang had a large-scale personal data leak last year and was recently hit with a hefty fine of 600 billion won. On July 18, a fire broke out again at its logistics center in Incheon, raising concerns about losses to goods and facilities. NAVER’s Delivery Service Expansion NAVER has recently been focusing on boosting delivery competitiveness a

According to BlockBeats, on July 22, South Korea's KOSPI index rose over 6% during trading, triggering the Sidecar mechanism that halted program trading. SK Hynix surged over 9% and Samsung Electronics rose over 6%, leading the semiconductor rally. Japan's Nikkei 225 index climbed 1.7%, with chip s

Investors have moved capital into short-term US Treasury ETFs while reducing exposure to long-term bonds, following JP Morgan CEO Jamie Dimon's negative assessment of long-term Treasuries expressed in a July 21 interview. The iShares 0-3 Month US Treasury ETF SGOV attracted $47.5 billion in net

According to Yonhapinfomax, South Korea's reserve money showed a surplus of 19.4 trillion won today (July 22), while overnight call rates rose to 2.688% with trading volume reaching 20.7 trillion won. The following day (July 21), the banking system recorded a cumulative reserve adequacy deficit of 1

According to CNBC on July 21, short-term U.S. Treasury ETF SGOV (iShares 0-3 Month Treasury ETF) saw net inflows of $47.5 billion year-to-date, the highest among all bond ETFs. Assets under management approached $100 billion, becoming the third-largest bond ETF globally. The shift reflects

On July 22, 2026, a landmark move by a storage-chip sector bellwether drew widespread market attention. SanDisk surged more than 14% in a single day, with its share price reclaiming the $1,500 level; it was temporarily trading at $1,588.88. This rebound began around last week’s low near $1,325 and, within just a few trading days, the cumulative gain has already reached about 20%. Earlier, at the end of June, SanDisk briefly set a record high of $2,353. After a drawdown of roughly 32% from its hi

According to BlockBeats citing Korean Securities Depository Clearing Corp. data, South Korean investors net-purchased Cambricon (寒武纪), an AI compute chipmaker, for $2.857 million during the week of July 13–19, ranking first among Korean-funded A-share tech stock purchases. The same period saw

Korean government bond 30-year yields surpassed 4.6% during trading on the 22nd at 9:34 AM, marking a record high for the benchmark instrument. The movement followed global bond curve steepening trends, with the 26-2 series yield rising 3.0 basis points to 4.600% and briefly touching 4.612% in

According to Yonhap Infomax, South Korea's 30-year government bond yields hit 4.6% on July 22, marking a record high for the benchmark instrument. The 26-2 maturity surged 3.0 basis points to 4.600%, with an intraday peak of 4.612%. Three-year yields rose 2.9bp to 3.895%, while 10-year yields

Jack Mallers stepped down as CEO of Twenty One Capital on July 20, 2026, to focus full-time on bitcoin payments company Strike. The departure coincided with the collapse of a Tether-engineered three-way merger involving Twenty One Capital, Strike, and bitcoin miner Elektron Energy. XXI shares fell o

On July 20, 2026, Jack Mallers stepped down as CEO of Twenty One Capital to focus full-time on Strike, his bitcoin payments company, according to The Block. Raphael Zagury, a former Goldman Sachs and Deutsche Bank executive, was appointed as the new CEO effective immediately. The leadership change c

According to Wells Fargo's Sameer Samana, on July 22, gold's risk-reward structure has shifted following a 20% correction from January's record high, with downside risk narrowing to around $500 while long-term upside could reach $1,500. Samana noted that markets have already absorbed most Fed rate h

Japan's Ministry of Finance announced on July 22 that the country's June exports surged 19.3% year-over-year to 10.929 trillion yen, marking the fastest growth rate since November 2022. The increase was driven by robust semiconductor-related shipments and a weakened yen that enhanced export

South Korea's Democratic Party K-Capital Market Special Committee is reviewing a reduction in the 2x leverage ratio for single-stock leveraged and inverse exchange-traded funds (ETFs), with the beneficiary meeting approval threshold emerging as the primary procedural hurdle. Under Article 190 of the