Global TradFi & Macroeconomics

DS Securities analyst Lee Su-rim stated on the 20th that concerns over DRAM oversupply are excessive despite aggressive capital expenditure announcements by memory semiconductor companies. The analyst's mid-to-long term supply-demand analysis through 2035 projects that even if all currently announce

Yoo Seung-min, former Future United Party lawmaker and economist, criticized the introduction of single-stock leveraged exchange-traded funds (ETFs) for Samsung Electronics and SK Hynix on May 19, attributing responsibility to the Blue House. Yoo stated on Facebook that "countless retail investors a

According to Morgan Stanley, Europe faces tightening diesel supply, with inventories declining and refining profits hitting record highs, as stated in a July 19 report. The bank's supply-demand model, presented by analyst Martijn Rats and colleagues, shows European diesel stocks are expected to

According to DS Securities analyst Lee Su-rim on July 20, despite aggressive capacity expansion announcements from major DRAM manufacturers, the market does not face structural oversupply concerns through 2035. The brokerage's supply-demand model projects continued shortages in 2026 and 2027,

According to Hankookilbo, on July 20, former opposition lawmaker Yoon Seung-min criticized the introduction of single-stock leverage exchange-traded funds (ETFs) tracking Samsung Electronics and SK Hynix, blaming the presidential office for the resulting market volatility and retail investor

According to Moody's Analytics on July 20, South Korea's second-quarter economic growth is expected to slow to 0.9% from 1.8% in the first quarter. Exports, particularly semiconductors, will remain the primary driver amid artificial intelligence-driven industry momentum. South Korea's Q2 GDP

According to Zhitong Finance, Defeng Technology's Hong Kong IPO prospectus, filed on January 20, 2026, expired on July 20 after reaching the six-month validity period. China Jinjin Capital serves as the sole sponsor for the

Foreign investors net sold Samsung Electronics and SK Hynix stocks while concentrating purchases on semiconductor value chain stocks during July 1-16. According to Korea Exchange data, foreign investors net sold 6.67 trillion won of Samsung Electronics and 7.00 trillion won of SK Hynix, ranking

Korean retail investors shifted from domestic semiconductor leveraged ETFs to US index ETFs during May 10-16, according to ETF CHECK data. The move followed a sharp KOSPI decline that saw the index fall 19.53% month-to-date through May 16. Individual investors net purchased 161.1 billion won of

U.S. stock index futures for the three major indexes fell on July 20: S&P 500 index futures and Nasdaq 100 index futures each dropped about 0.1%, while Dow Jones index futures fell nearly 0.2%. The trigger was the eighth consecutive day of U.S. airstrikes on Iran. The U.S. Central Command said the operation was intended to weaken Iran’s ability to threaten commercial shipping through the Strait of Hormuz and to quickly punish Iran’s Islamic Revolutionary Guard Corps (IRGC) forces that attacked U

According to Herald Business, starting July 22, major U.S. tech companies including Alphabet, Microsoft, and Meta will release quarterly earnings, with markets closely watching their artificial intelligence capital expenditure guidance as a key indicator for semiconductor stock recovery. Hana

According to Korea Exchange, foreign investors net-sold SK Hynix for 6.9996 trillion Korean won and Samsung Electronics for 6.6697 trillion won during July 1-16, while simultaneously accumulating shares in semiconductor supply chain companies. Top net-buys included LG Innotek (785.2 billion won),

South Korea's government on July 20 announced new regulatory measures for single-stock leveraged exchange-traded funds (ETFs), raising the minimum cash deposit requirement to 3 million won, expanding trading units to 20 shares, and tightening net asset value management standards from 3% to 2%.

According to Citigroup, on July 20, the bank downgraded South Korea's stock market rating from Overweight to Neutral, citing recent volatility in semiconductor stocks and a shift to reduce exposure to artificial intelligence-focused investments. The adjustment comes as investors have faced

According to Shanghai Steel Union data, battery-grade lithium carbonate (MMLC) mid-price fell to 152,200 yuan/ton this morning, down 350 yuan/ton from the previous day's 4:30 p.m. closing price.

China's Ministry of Finance announced today that the 1-month Treasury cash term deposit rate fell to 1.64% from 1.67%, while the 3-month rate declined to 1.67% from 1.69%.

Alibaba (09988-HK) stock has recently seen two developments unfolding in parallel: first, China’s version of Apple Intelligence has been filed with the Cyberspace Administration of China, and Apple will integrate Alibaba’s Tongyi Qianwen large model to deliver core AI capabilities for users in China; second, as the largest industry investor in Chinese DRAM maker CXMT (ChangXin Technology), Alibaba holds nearly 5% of its shares, and based on the market-expected market cap, its investment return r

According to Zhitong Caijing, Hangzhou Yundonong Intelligent Automotive Technology Co., Ltd.'s Hong Kong IPO prospectus, submitted on January 19, 2026, expired on July 19 (yesterday) after reaching its six-month validity period. China International Capital Corporation served as the sole

According to Zhitong Finance, on July 19, 2026, the Hong Kong IPO prospectus filed by Suzhou Jiuwu Intelligent Technology Co., Ltd. on January 19, 2026, expired after six months. China International Capital Corporation and Citigroup served as joint sponsors for the

According to MSX.COM, Hong Kong oil and gas stocks surged on July 20 early morning local time. China National Offshore Oil Corporation (00883.HK) and China National Petroleum Corporation (00857.HK) both rose over 5%, while China Petroleum & Chemical Corporation (00386.HK) rose over 2%, and