Global TradFi & Macroeconomics

According to the Korea Exchange, the KOSPI index plummeted 11.29% during trading yesterday (July 27), triggering simultaneous circuit breakers in both KOSPI and KOSDAQ markets, which halted trading for 20 minutes. The index has declined approximately 28% so far this

The Dow Jones Industrial Average gained 1% on Tuesday (July 28) for the third consecutive session, while the S&P 500 added 0.2% and the Nasdaq 100 fell 1% amid continued weakness in chipmaker stocks. The VanEck Semiconductor ETF (SMH) declined 3.3% for the fourth straight day, pressured by

According to Zhitong Caijing, Tyligand Bioscience Ltd.-B's Hong Kong IPO prospectus expired on July 29, 2026, six months after its submission on January 29, 2026. CITIC Securities served as the exclusive sponsor for the offering. The clinical-stage biopharmaceutical company, founded in 2017,

According to Zhitong Finance, Xianle Health Technology Co., Ltd.'s Hong Kong IPO prospectus, submitted on January 29, 2026, will expire on July 29, 2026, after reaching the six-month validity period. China International Capital Corporation served as the company's exclusive sponsor for the

According to ZhiTong Finance, Zhejiang Rongtai Electric Materials Co., Ltd. (603119.SH) Hong Kong IPO prospectus expires tomorrow, July 29, after being filed on January 29. The prospectus has been valid for six months. CITIC Securities served as the sole sponsor for the

NVIDIA acquired a 4.5% stake in Naver for 1.48 trillion won, making the GPU maker Naver's third-largest shareholder, the companies announced on the 29th. The investment positions Naver as NVIDIA's strategic AI infrastructure partner in Asia rather than a simple customer relationship, according to

According to Korean Economic TV, overnight, U.S. stock indices closed with mixed performance: Dow Jones rose 1.03%, S&P 500 gained 0.21%, while Nasdaq-100 fell 0.22%. The decline in technology stocks reflected broader weakness in semiconductor investment sentiment amid strong corporate earnings

Apple reclaimed the world's largest market cap position from NVIDIA and briefly exceeded $5 trillion during trading on July 29 (Korean time), as US stocks showed mixed performance with the Dow rising 1.03% and the S&P 500 gaining 0.21% while the Nasdaq fell 0.22% and the SMH semiconductor index

South Korea's Seoul Foreign Exchange Market will replace its current Market Average Rate (MAR) methodology with a Time Weighted Average Price (TWAP) system for calculating the USD-KRW base exchange rate from January 1, 2027. The

According to Yonhap Infomax, Nvidia invested approximately 1.48 trillion Korean won to acquire a 4.5% stake in Naver through direct equity issuance on July 24, making the chipmaker Naver's third-largest shareholder. The investment was structured as a direct stake in Naver rather than through a

Microsoft Corp. is set to report quarterly earnings after the closing bell on Wednesday, but Deepwater Asset Management's Gene Munster urged investors to focus on longer-term challenges rather than quarterly results. Munster said the software giant faces headwinds from artificial intelligence and ne

CNBC's Jim Cramer said Tuesday that Wall Street is taking profits in AI infrastructure stocks and rotating into companies with growth drivers away from data centers. Cramer stated investors are redeploying capital as stocks tied to AI data center buildout, which dominated

According to Jim Cramer on CNBC Tuesday, investors are taking profits in artificial intelligence infrastructure stocks and rotating capital into companies with alternative growth drivers. Memory chip makers including Western Digital, Micron, and Seagate have pulled back sharply after peaking in

Covered call exchange-traded fund (ETF) investors in South Korea are capitalizing on extreme market volatility as total net assets in the sector surpassed 25 trillion won in July. On the 28th, circuit breakers halted trading on both the KOSPI and KOSDAQ after sharp declines in Samsung Electronics an

Iljin Global Group chairman Lee Dong-seop completed his ownership succession through approximately 1 trillion won in stock cancellations across group companies between 2023 and 2024, following the death of founder Lee Sang-il in June 2023. The buyback strategy enabled Lee Dong-seop to consolidate co

According to Asia Economic Daily, Korean covered call exchange-traded funds surpassed 25 trillion won in net assets in July as market volatility reached historic levels on July 28. The number of covered call ETF products expanded to around 50, up from just six years ago, as investors sought stable d

According to Seeking Alpha, Taiwan Semiconductor Manufacturing Company (TSMC, 2330-TW) reported Q2 earnings with revenue of $40.2 billion, up 33.7% year-over-year, and earnings per share of $4.31, exceeding market expectations by $0.37. The company raised its full-year capital expenditure guidance t

WTI crude oil rose 4.0% intraday to $82.44 per barrel on July 28, following media reports that Iran struck U.S. military bases in Jordan. The price movement came after leaders of the United States, Israel, and Ukraine held