Global TradFi & Macroeconomics

According to HSBC strategists, the timing of Asia's deleveraging and retail selloff remains difficult to determine, while semiconductor stock technicals are approaching oversold territory but have not yet reached extreme levels. The bank prefers European equities, equal-weight S&P 500

From 15:00 to 15:15 UTC on July 20, 2026, BTC rapidly surged in the short term. Within 15 minutes, the return rate reached +0.88%. The price rose from 64,415.9 USDT to 64,985.7 USDT, with an amplitude of 0.88%. Over the past 24 hours, BTC is up about 0.77%, recovering from a low near $63,734 to around $64,955, with the overall trading range remaining at $63,733.8–$65,106.6. The main driver of this unusual move is the continued escalation of the military conflict between the US and Iran, which ha

According to HSBC strategists led by Max Kettner, sentiment and positioning indicators are displaying early warning signs for risk assets on July 20, 2026. The team's report noted that long-only investor positioning has risen, signaling elevated risk appetite. While Middle East tensions have

Benchmark maintained its Buy rating on Exodus Movement after the crypto wallet provider announced Friday it would lay off 25% of its workforce. Analyst Mark Palmer lowered his price target to $12 from $23 while keeping the Buy rating, citing a weaker crypto market but noting investors are

South Korea's National Pension Service purchased approximately 370 billion won worth of SK Hynix stocks in July, according to Korea Exchange data released on July 20. The pension fund's buying activity occurred as SK Hynix shares declined 33.43% this month amid semiconductor peak-out concerns,

According to Seoul Stock Exchange, KOSPI plunged 4.46% (304.33 points) to close at 6,516.27 on July 20, marking another sharp decline as Chinese AI startup MoonShot's release of its Kimi K3 model triggered market turmoil. The index fell 28.02% over the past month, significantly underperforming

According to Korea Exchange data released on July 20, South Korea's National Pension Service and affiliated pension funds purchased approximately 370 billion won worth of SK Hynix shares this month despite semiconductor sector weakness. The purchase reflects the fund's view that SK Hynix's stock

Yemen's Houthi rebels announced a maritime blockade against Saudi Arabia on May 20 (local time), with spokesman Yahya Sarim Sari declaring immediate enforcement of the measure. The blockade represents retaliation for Saudi Arabia's nearly 12-year blockade of Yemen, which the Houthis claim has

According to Bitget market data, on July 20, Nasdaq-100 components showed mixed intraday performance. Semiconductors, storage, and AI infrastructure sectors led gains, with Lumentum surging 7.37% on strong AI data center interconnect demand, Teradyne rising 5.27%, and Western Digital

Morgan Stanley named Nvidia Corp. (NVDA) and Broadcom Inc. (AVGO) as its top picks in AI compute following the recent semiconductor sell-off. The firm identified memory stocks as a 'compelling entry point' after their pullback, according to a CNBC report citing analyst Joseph Moore's note on

According to Morgan Stanley, on Monday analyst Joseph Moore said the firm's preferred AI investments remain Nvidia Corp. (NVDA) and Broadcom Inc. (AVGO), while identifying memory stocks as a "compelling entry point" following the recent pullback. The VanEck Semiconductor ETF (SMH) fell 9% last

UK 10-year gilt yields rose to 5.025% intraday on July 20, marking the highest level since July 14, up 7 basis points for the day.

According to UAnalyze/Industry Data Center, Alphabet will report Q2 2026 earnings on July 22 (July 23 early morning Taiwan time), with market attention centered on the company's artificial intelligence data center and infrastructure capital expenditure plans. Intel is slated to report earnings on Ju

The XRP Ledger recorded an 8x surge in tokenized U.S. Treasuries from April 2025 to April 2026, growing from $50 million to $418.5 million according to Trensik, a platform tracking verified real-world assets on XRPL. The growth reflects increasing institutional demand for regulated,

According to Trensik, a platform tracking verified real-world assets on the XRP Ledger (XRPL), tokenized U.S. Treasuries surged from $50 million in April 2025 to $418.5 million by April 2026, marking an 8x increase in one year. The sharp rise reflects growing institutional demand for regulated,

The USD-KRW exchange rate traded in the early 1,480 KRW range during the New York session on the 20th. At 9:35 PM, the rate stood at 1,482.30 KRW, up 3.80 KRW from the previous session, according to the foreign exchange market. The rate reversed earlier declines driven by SK Hynix's American

According to SoSoValue, global listed companies (excluding mining firms) made net bitcoin purchases of just $1.33 million in the past week as of July 20, down 98.4% from the previous week. Strategy did not increase its BTC holdings, while Japanese-listed Metaplanet similarly made no

According to Yonhapinfomax, the USD/KRW exchange rate rose to 1,482.30 won on July 20, up 3.80 won from the previous session. The dollar index climbed to 100.890 after Houthi forces announced an immediate maritime blockade of Saudi Arabia, raising geopolitical risk appetite for the U.S.

According to the European Commission, nine construction chemicals companies from France, Germany, and Spain received formal objections on suspicion of price-fixing cartel activity. The companies, including Sika, Cemex, Chryso, Mapei, Master Builders Solutions, MC Bauchemie, TAM, Liesen, and Remel, a

According to Shanghai Nonferrous Metals, the import copper premium over domestic copper widened to $100 per ton last Friday, up from $20 per ton in late January and marking the first time the premium has reached three digits since May last