Global TradFi & Macroeconomics

Hong Kong stocks closed with divergent performance on July 21, as the Hang Seng Index fell 10.76 points or 0.04% to 25,132.29 points while the Hang Seng Tech Index rose 62.68 points or 1.32% to 4,814.83 points. The divergence reflected stronger performance in technology stocks compared to

According to Korea Exchange, South Korea's KOSDAQ index hit a 52-week low of 731.82 during trading on July 21, falling 15.63 points (2.09%) as of 9:37 a.m. to 734.01. The previous trading day's close at 749.64 marked the first time the index fell below the June 4, 2025 inauguration level of 750.21 u

Samsung Electronics executives received treasury stock grants as long-term incentive compensation, according to a July 21 disclosure on the Financial Supervisory Service's electronic filing system. The company distributed 1,132,477 common shares to 928 executives and employees as Long-Term

According to South Korea's Financial Supervisory Service, Samsung Electronics distributed 1.13 million shares as long-term incentives to 928 executives on July 21, with a total value of approximately 288.2 billion won. The per-share allocation price was set at 254,500 won. CEO Roh Tae-moon

According to BIT market data, optical communications stocks rose broadly in premarket trading on July 21. Marvell Technology (MRVL) led the gains with a 6.24% increase, followed by Coherent Corp. (COHR) up 5.23%, Lumentum Holdings (LITE) up 5.15%, Applied Optoelectronics (AAOI) up 5.07%, Ciena

According to Nikkei Asia, TSMC has begun discussing 2027 foundry price increases of 5-10% with customers to offset rising manufacturing and production costs. Negotiations started in June, with price bands finalized this month. The adjustment covers both advanced and mature process semiconductors and

According to Grayscale's July 21 filing with the SEC, the asset manager proposed the first U.S. Worldcoin ETF, set to trade under ticker GWLD on Nasdaq. The fund would hold WLD tokens and track prices through the CoinDesk Worldcoin Benchmark Rate, with BitGo

US-listed spot Bitcoin ETFs recorded five consecutive days of net inflows, with Monday's $226.9 million marking the strongest single-day figure since July 6, according to SoSoValue data. The streak, the longest since a six-session period from April 30 to May 5, brought total inflows over five days t

According to Guru Club, on July 21, 42 Chinese steelmakers cut waste steel procurement prices, with reductions ranging from 10 to 40 yuan per ton, while 9 steelmakers increased their prices.

According to SoSoValue data, US spot Bitcoin ETFs recorded $226.9 million in net inflows on Monday, the strongest single-day figure since July 6. The five-day winning streak generated approximately $727.3 million in total net inflows and marked the longest consecutive positive flow period since

Arthur Hayes purchased 1,332.5 ETH worth $2.53 million in a recent transaction, following an earlier July accumulation of approximately 1,939 ETH through two OTC-style transactions. The purchases totaled over $5 million and reversed Hayes's June sale of 6,000 ETH, which resulted in an

According to Deutsche Bank's latest research note, market concerns about Microsoft's capital expenditure surge, AI investment returns, and OpenAI order concentration are significantly overblown; the stock offers attractive valuation. The bank maintains a "buy" rating with a $550 price target. Deutsc

The London Stock Exchange plans to launch LSE 24, an overnight trading venue, in the first half of 2027 to extend access to selected securities beyond conventional market hours. The new venue will operate from 5 p.m. to 7:50 a.m. London time with a 30-minute pause from 6:30 p.m. to 7 p.m. for end-of

According to Lantaro Technology's investor relations disclosure, the company saw significant increases in DDR5 RCD chip shipments in H1 2026, with third and fourth-generation products gaining market share. New interconnect offerings including MRCD/MDB, PCIe Retimer, CKD, and CXLMXC chips also

According to Singapore Exchange, the bourse will launch three Singapore Depositary Receipts (SDRs) for U.S.-listed companies Grab, Sea, and SpaceX on July 22 at market open. This marks SGX's first offering of U.S. market SDRs, allowing investors to trade the underlying assets in Singapore

According to the Financial Times, U.S. President Donald Trump is planning to impose new tariffs on dozens of countries as early as this week.

South Korean government bond yields fell on the 21st, led by short- and medium-term maturities, while long-term yields showed mixed movements and ultra-long yields rose, steepening the yield curve. Bond buying dominated from a supply-demand perspective, driven by execution funds following the Bank o

IRS rates in the Seoul bond market fell across all tenors at 4:27pm, driven by strong foreign investor receive demand and a decline in the dollar-KRW exchange rate. The 1-year IRS rate dropped 1.50 basis points to 3.4200%, while the 5-year tenor fell

According to Yonhap Infomax, South Korea's bond market saw short-to-mid-term treasury yields decline today (July 21), with the 3-year yield falling 2.8 basis points to 3.867% and the 10-year yield dropping 0.8bp to 4.328%. Longer-dated yields rose, with the 30-year jumping 4.4bp to 4.564%,

According to Yonhap Infomax, South Korea's interest rate swap (IRS) rates fell across all tenors on July 21, with the 1-year rate declining 1.50 basis points to 3.42%, the 2-year dropping 5.00bp, 3-year down 4.50bp, 5-year falling 3.75bp to 4.0375%, and 10-year decreasing 2.50bp to 4.15%. A