Global TradFi & Macroeconomics

Indonesia's rupiah has hit a record low against the Singapore dollar due to rising oil prices and capital outflows from financial markets. Concerns about demand for Singaporean services and export flows to Indonesia are growing. The central bank's interventions aim to stabilize the currency.

Eurozone consumer price inflation rose to 2.6% in March, surpassing February's 1.9% and the initial estimate of 2.5%. Core CPI fell slightly to 2.3%, down from 2.4% in February.

Quantitative trading giant Jane Street Group announced an investment of $1 billion in AI cloud service provider CoreWeave. Its planned total spending is set to reach $6 billion, and it will obtain rights to use NVIDIA Vera Rubin chips. This move is intended to accelerate the development of its AI software. CoreWeave is working to reduce reliance on a single customer and to pivot into an integrated AI infrastructure platform. This investment shows Jane Street strengthening its positioning in the AI space and improving its trading edge with efficient computing power.

Naver plans to IPO Naver Financial after a share swap with Dunamu, targeting a listing within five years. Conditions depend on market and regulatory factors, with a possible two-year extension. Naver will retain control through voting agreements despite new regulations affecting crypto exchanges.

The CEO of the Hong Kong Exchanges and Clearing (HKEX), Chen Yiting, said at the HSBC Global Investment Summit that extending Hong Kong stock trading hours to the U.S. daytime could harm local retail investors and affect market fairness. She emphasized that quality listings and investment opportunities are more important than trading hours, and pointed out challenges related to information disclosure and regulation for listed companies. Chen also mentioned that international companies are showing increased interest in listing in Hong Kong, indicating that HKEX’s structure is becoming more diversified and providing momentum for market development.

Saudi Arabia's PIF invests $550 million in Lucid, while Uber adds $200 million, aiming for a robotaxi launch in 2026. Lucid produces vehicles, Nuro supplies tech, and Uber handles operations, marking a strategic shift from Tesla's model.

Samsung Electronics has requested a court injunction against potential illegal actions ahead of a union strike demanding 15% performance bonuses. A mass rally and strike could disrupt global semiconductor supply, as Samsung's profits rise amid record quarterly earnings.

On April 16, Hong Kong's major indices rose significantly as geopolitical risks eased and positive economic data emerged. The Hang Seng Index climbed 1.72%, driven by gains in tech and lithium battery stocks, notably CATL and Baidu. New IPOs also saw strong performance.

TotalEnergies anticipates strong first-quarter results driven by rising energy prices and increased production outside the Middle East, despite Iran conflict impacts. The company expects growth in oil and gas output and trading, against potential supply disruptions.

Elon Musk's Terafab project seeks to revolutionize chip manufacturing with $20-25 billion investment, targeting 1 terawatt capacity by 2029. While stock prices surged, analysts raise concerns about its feasibility, estimating costs could reach $5-13 trillion.

XRP rose 4% to $1.41, boosted by Ripple's partnership with Kyobo Life and increasing institutional interest. Broader market gains and positive community engagement also contributed, though XRP remains 63% below its peak. Key support is at $1.38.

Madison Air Solutions completed a $2.2 billion IPO, the largest in 2026, pricing shares at $27. Strong demand supported the offering, which reflects growth in data center cooling markets. However, risks include customer concentration and controlled company status.

X-Energy announced its IPO terms, intending to raise $750 million by issuing 42.9 million shares at $16 to $19 each. The Maryland-based company focuses on advanced modular reactors and has a strategic partnership with Amazon for nuclear capacity expansion.

Applied Digital renegotiated its lease with CoreWeave for a North Dakota data center, potentially lowering costs and improving financing terms. Needham maintains a "buy" rating on Applied Digital with a $41 target, noting benefits for Core Scientific as well.

Bitcoin fell below $73,000, its lowest in over three weeks, as long-term holders booked profits and spot ETF demand weakened. This triggered significant liquidations in derivatives, causing a 4% drop in total crypto market capitalization.

Gate News message: According to Gate’s official announcement, the subscription page for Gate Pre-IPOs Phase 1 project SpaceX (SPCX) has been officially launched. This round of subscription supports participation in two currencies: USDT and GUSD. The subscription period is from 2026年4月20日18:00 to 2026年4月22日18:00 (UTC+8). After the subscription is completed, asset certificates will be distributed in a 100% unlocked format. The distribution time has been moved up to 2026年4月22日22:00 (UTC+8). Once assets enter the pre-trading stage on Gate, pre-market trading will begin at 2026年4月24日18:00 (UTC+8). Eligible VIP users and super agent partners can receive additional free Airdrop rewards, distributed in sync with the subscription distribution. SPCX is an imaged security based on SpaceX, used to map its value performance before and after its listing. Users can use the Pre-IPOs mechanism to obtain value exposure in advance before the target company enters the public market.

XRG, the investment arm of Adnoc, is seeking merger opportunities in Europe despite challenges in the petrochemical sector due to high natural gas prices. The company aims for significant LNG capacity by 2035 and has successfully completed major acquisitions.

Gate News: According to the latest Gate TradFi data, COTTON (Cotton) has surged by 4% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.

Taiwan’s stock market is being driven by demand for artificial intelligence, with total market value surpassing $4 trillion and overtaking the United Kingdom to become the world’s seventh-largest stock market. TSMC’s share price hits a new high again, and the weighted index rises by 1.12%. Market confidence is strengthening, and expectations are that Taiwan’s AI hardware supply chain will continue to benefit from expanding capital expenditures.