Global TradFi & Macroeconomics

Nvidia and NAVER signed a strategic investment agreement today, with Nvidia acquiring a 4.5% stake in the South Korean tech company for $1 billion. Following the announcement, NAVER shares surged 22% in premarket

Retail investors in South Korea moved capital into US index ETFs during the past week amid domestic market volatility, ETF Check data showed on May 27. Daily KOSPI swings exceeded 3% on all but one day last week, despite a 1.91% weekly decline. South Korea's Financial Services Commission raised

According to ETF Check, individual investors shifted heavily into U.S. benchmark index-tracking ETFs last week amid extreme volatility in South Korea's domestic market. TIGER U.S. S&P 500 ETF saw the largest inflows at 120.3 billion won, followed by KODEX U.S. Nasdaq 100 (85.1 billion won), KODEX U.

According to Zhitong Finance, Yueshi Shuzhi's Hong Kong IPO prospectus expired on July 26, 2026, after six months from its submission on January 26, 2026. Guosen Securities Hong Kong served as the sole sponsor for the offering. Yueshi Shuzhi is a digital-driven cold-chain agricultural product provider.

According to Zhitong Finance, Tuobida (Group) Holding Limited's Hong Kong IPO prospectus, filed on January 26, 2026, lapsed on July 26 after exceeding the six-month validity period. China CITIC Securities served as the exclusive sponsor. Tuobida is a Guangdong-based intelligent transportation

According to Zhitong Finance, Changzhou Xingyun Auto Lighting Co., Ltd. (stock code: 601799.SH) Hong Kong IPO prospectus expired on July 26, 2026, six months after its submission on January 26, 2026. Huatai International served as the sole sponsor for the

According to Zhitong Finance App, Weiyuan Energy Technology Co., Ltd.'s Hong Kong IPO prospectus, filed on January 27, 2026, expires on July 27, 2026, after reaching its six-month validity period. CICC served as the sole sponsor for the

According to Zhitong Caijing, Huojia Technology's Hong Kong IPO prospectus expired on July 26, 2026, six months after its submission on January 26, 2026. Morgan Stanley and CICC were the joint sponsors of the

According to ZhiTong Caijing, Beijing Baipuyesu Biotechnology Co., Ltd. (301080.SZ) prospectus for Hong Kong IPO filing submitted on January 26, 2026, expired on July 26, 2026, after reaching its six-month validity period. China Merchants Securities International served as the sole sponsor. Baipuye

According to ZhiTong Finance, Ju Chen Semiconductor Co., Ltd. (SHSE: 688123) had its Hong Kong IPO prospectus expire on July 26, 2026, six months after filing on January 26, 2026. China International Capital Corporation (CICC) served as the sole sponsor for the

Sangsangin Securities raised its target price for Samsung E&A stocks to 61,000 won from 35,000 won while maintaining a BUY rating, citing growth in advanced materials and new energy sectors. Analyst Kim Jin-beom issued the report on the 27th, projecting expanded orders driven by Samsung Group's

Hyundai Mobis reported Q2 operating profit of 975.2 billion won, significantly exceeding market expectations, according to a report released by Hana Financial Investment Securities. The auto parts manufacturer's operating profit increased 12.2% year-over-year despite revenue of 16.3 trillion won (+2

Mirae Asset Securities upgraded JB Financial Group's investment rating from neutral to buy on July 27, citing increased investment attractiveness due to the company's treasury share buyback plan amid stock undervaluation. The brokerage maintained its target price at 35,000 won. JB Financial Group

According to Shinhan Investment Securities analyst Kim Jin-beom, the firm raised Samsung E&A's target price to 61,000 won on July 27, up 74% from the previous 35,000 won, citing accelerating growth in advanced materials and new energy businesses coupled with increased investment from Samsung

According to Mirae Asset Securities, the brokerage upgraded its investment rating on JB Financial Group to buy from neutral on July 27, citing undervaluation amid shareholder return initiatives. The target price remains at 35,000 Korean won. JB Financial reported net profit attributable to

According to Hanwha Investment & Securities, Hyundai Mobis reported Q2 operating profit of 975.2 billion won on July 27, significantly beating market expectations despite challenging macro conditions. The profit rose 12.2% year-over-year, while revenue came in at 16.3 trillion won, up 2.4% but

According to Zhitong Finance, Shenzhen XZB Technology Co., Ltd.'s Hong Kong IPO prospectus will expire on July 27, 2026. The prospectus, filed on January 27, 2026, becomes invalid after a six-month validity period. CITIC Securities and China International Capital Corporation served as joint

According to Zhitong Caijing, Beijing Xincheng Tianhe's Hong Kong IPO prospectus will expire on July 27, 2026, having lost validity six months after its January 27 filing. The company, with China Huatai International as sole sponsor, specializes in enterprise-level AI storage solutions, offering

According to Zhitong Finance, Yuychai Marine Electric's Hong Kong IPO prospectus, filed on January 27, 2026, expired on July 27, 2026. China Merchants International Securities and China Galaxy International were the joint sponsors for the

Samsung Securities lowered Kia Corporation's target stock price from 240,000 won to 210,000 won, reflecting Q2 results that missed market expectations and increased volatility across the auto sector. The revision followed Kia's Q2 operating profit of 2.6296 trillion won, which underperformed