Global TradFi & Macroeconomics

According to JPMorgan and CFRA, on August 10, JPMorgan raised its S&P 500 year-end target to 8,000 from 7,800, implying roughly 3% upside from Friday's close of 7,757.64. CFRA lifted its year-end target to 8,050 and its 12-month target to 8,650. Both strategists cited strong earnings and

Korean retail investors shifted trading activity to 3x leveraged exchange-traded funds following a July 31 regulatory restriction on single-stock leveraged ETFs. Data from the Korea Securities Depository for the six trading days from July 31 to August 7 showed the Direxion Daily Semiconductor

SK Hynix shares declined for two consecutive days following its quarterly dividend announcement on the 7th, as the 375 won per share payout matched last year's amount despite the stock price exceeding 1.4 million won. The unchanged dividend disappointed investors, resulting in a dividend yield

Hana Securities forecasts KOSPI will follow a 'square root (√)' shaped recovery pattern after the recent historic crash, according to a report issued on the day before the 11th. The securities firm predicts price and interest rates will drive an initial rebound, followed by a secondary rise led by c

SpaceX (SPCX) stocks closed 4% higher on Monday, climbing back above the company's IPO price of $135 after trading below that level since July 16. The rally followed ARK Invest's latest newsletter dismissing the 14% post-earnings drop last Wednesday as short-term noise, with the firm highlighting Sp

Korean stock investors increased margin debt by approximately 2 trillion KRW over three trading days ending the 7th, reaching 29.23 trillion KRW, as Samsung Electronics and SK Hynix shares declined and investors sought to buy the dip. The surge followed a KOSPI rally of 17.91% on the 31st of last

Bond-mixed exchange-traded funds (ETFs) holding Samsung Electronics and SK Hynix stocks declined over 13% in the recent one month period as of the 10th, according to data from KOSCOM ETF CHECK. The four ETFs, classified as safe assets in retirement pension accounts allowing 100% allocation,

According to News1, following regulatory restrictions on single-stock leveraged ETFs by South Korean authorities on July 31, domestic retail investors shifted capital to 3x leveraged index products. SOXL (Direxion Daily Semiconductor Bull 3x ETF) became the most-traded overseas stock among Korean in

According to Hana Securities report on August 10, South Korea's KOSPI index, which has declined 33.3% from its June high, is expected to stage a square-root (√) shaped recovery rather than a sharp V-shaped bounce or prolonged L-shaped downturn. The index closed August 10 at 6,299.66 points,

According to Chosun Biz, SK Hynix shares fell for two consecutive days after announcing on August 7 a quarterly dividend of 375 won, unchanged from the previous year. The lack of dividend growth disappointed investors, as the company's annual dividend remains at 1,500 won despite a stock price

According to News 1, Samsung Electronics and SK Hynix bond-mixed ETFs fell 13% in one month as of August 10, pressured by recent semiconductor sector weakness. Four of these products, which allow 100% allocation in South Korean retirement accounts, reached 5.6 trillion KRW in total net assets by Aug

According to the Financial Investment Association, Korean retail investors are increasingly purchasing U.S. stocks on August 10 amid domestic market weakness and policy disappointment. The government's tax reform proposal, including revisions to Individual Savings Accounts (ISA) and measures to

Gold prices declined modestly while silver prices firmed in early U.S. trading Monday, as precious metals markets consolidated Friday's payroll-driven rally ahead of this week's U.S. inflation data releases. Spot gold traded near $4,329.20 an ounce, down 0.28%, while spot silver traded at $63.800, u

On Monday, August 10 (4:59 a.m. Beijing time on Tuesday), the offshore Chinese yuan (CNH) closed at 6.7460 against the U.S. dollar in New York, down 31 points from Friday's close (non-farm payroll day). The currency traded between 6.7419 and 6.7481 throughout the session, moving away from its

According to Kitco News, spot gold was trading at $4,329.20 an ounce, down 0.28%, while spot silver rose to $63.80, up 0.55%, in early Monday U.S. trading as markets await this week's inflation data. The consolidation follows Friday's nonfarm payroll shock, when July employment fell by 23,000

According to the Korea Exchange, foreign investors recorded net outflows of 1.4886 trillion won in KOSPI yesterday (August 10). The index remains stuck around the 6,000-point level, trading at historically low valuation levels. Market analysts suggest foreign investor sentiment recovery is key to KO

According to Chosun Biz Money Move, Hong Kong-based private equity firm Anchor Equity Partners faces refinancing difficulties for its approximately 400 billion Korean won acquisition financing of Kakao Entertainment on August 10. The firm initiated refinancing procedures ahead of year-end

JBS reported second-quarter adjusted EBITDA of $1.43 billion, surpassing analyst expectations of $1.42 billion. The company also posted net revenue of $23.9 billion, above the estimated $22.97 billion.

On Monday (August 10), spot gold rose 1.1% to $4,389.38 per troy ounce, while spot silver surged 3.2% to $65.71 per troy ounce. COMEX gold futures advanced 1.1% to $4,448.20 per ounce, approaching June highs. COMEX silver futures climbed 3.8% to $65.91 per ounce, outpacing gold

US stocks closed lower on the 10th (local time) as the Dow Jones Industrial Average fell 60.95 points (0.11%) to 53,975.98, the S&P 500 declined 4.53 points (0.06%) to 7,753.11, and the Nasdaq dropped 85.25 points (0.32%) to 26,605.35. The declines followed stalled US-Iran negotiations over