Global TradFi & Macroeconomics

US optical communication stocks surged on August 4 (local time), led by Lumentum Holdings rising 8.92% to $849.47. Coherent jumped 12.35% and Applied Optoelectronics (AAOI) gained 19.44% the same day. The rally was driven by reports that the Trump administration is preparing to ban Chinese optical t

Market experts expressed a 75% positive response to corporate value enhancement policies in a survey of 48 respondents, according to survey findings. The results indicate policy effectiveness depends on voluntary corporate change and improved communication from companies. However, the survey's

Block reported a 31% year-over-year decline in bitcoin ecosystem gross profit during the second quarter, down to $72 million from $105 million a year earlier. The company attributed the decline to its "strategic decision" to reduce fees on certain bitcoin transactions through Cash App, alongside a s

According to filings disclosed on August 4 with South Korea's Financial Supervisory Service, YASE's largest shareholder and director Jung Gwang-ho saw his shareholding slashed from 42.58% to 18.07% following forced liquidation triggered by the late-July market crash. Jung held 5.56 million shares

According to Korea Exchange (KRX), on August 5, KOSDAQ-listed mid-cap growth stocks experienced increased rotation trading as semiconductor concentration eased and single-stock leverage restrictions redirected flows. Institutional capital inflows have accelerated in the sector. Securities analysts c

According to Financial News, South Korea's KOSDAQ 150 index saw its market capitalization drop 26.6 trillion won (9.52%) through August 5 compared to July 6, with the index falling 8.48%. The losses in the KOSDAQ 150 accounted for 74% of total losses across the broader KOSDAQ market, as benchmark-tr

According to Reuters, U.S. optical communications companies' stocks surged on August 4 (local time) following reports that the Trump administration is preparing to ban imports of Chinese optical transceivers. Lumentum Holdings jumped 8.92% to $849.47, bringing its 4-trading-day gain to 41.02%.

MSCI will release its August index adjustment announcement on August 12, with detailed rebalancing information to be provided to clients immediately after the summary announcement is published.

On Wednesday (Aug 5) New York close, offshore yuan (CNH) traded at 6.7482 against the U.S. dollar, down 2 pips from Tuesday's close. The pair fluctuated within a range of 6.7449 to 6.7501 during the session.

US stocks diverged sharply on local time, with the Dow Jones Industrial Average rising 263.24 points (0.49%) to close at 54,349.12, marking its fifth consecutive day of gains and a new record high. The S&P 500 fell 0.17% to 7,723.55 and the Nasdaq Composite dropped 0.83% to 26,363.44, ending a

According to CNBC, on August 4, investor Michael Burry warned of potential major stock market decline in a Substack post. The investor, known for predicting the 2008 global financial crisis and serving as a model for the film "The Big Short," stated "we may still be near a major top." The warning co

On August 5, spot gold surged 4.11% to $4,245.39 per ounce, reclaiming levels above $4,200 for the first time in recent sessions. Prices climbed steadily from Asia-Pacific market open, hitting an intraday high of $4,267.78 earlier today. Spot silver rallied 4.12% to $62.0075 per ounce, also

According to SpaceX's latest earnings report, the company's stock plunged 13% to $108.27 per share on Wednesday (August 5), erasing $225 billion in market value. While second-quarter revenue of $78.1 billion exceeded expectations and net losses narrowed, investor concerns over massive capital

Capital B's shares saw trading volume more than double within two hours of its debut on Cboe Europe on August 5, signaling strong demand from European investors for easier access to the French Bitcoin treasury company. The Cboe Europe listing quickly outpaced trading on the firm's original

Capital B's trading volume more than doubled within two hours of its debut on Cboe Europe on August 5, quickly surpassing activity on its original Euronext Growth Paris listing under ticker ALCPB. The secondary listing on Europe's largest pan-European stock exchange provided European institutional i

On Wednesday, August 5, the U.S. storage chip and semiconductor supply chain index fell 2.87% to close at 197.07. Component stocks declined broadly, with SanDisk down 5.4%, Western Digital dropping 5.36%, and Teradyne, Rambus, and Seagate Technology falling up to 3.51%. Micron Technology

Celestica announced a $3 billion equity offering. The electronics manufacturing services company did not disclose additional details regarding the offering structure or timeline in the announcement.

KOSDAQ exchange-traded funds posted double-digit weekly returns as the KOSDAQ index rose 13.28% over the past week ending on the 5th, according to Korea Exchange data. Active ETFs outperformed passive index-tracking funds, with MIDAS KOSDAQ Active recording a 28.24% weekly return based on dividend r

US Treasury Secretary Scott Bessent on the 5th (local time) publicly criticized Wall Street Journal Federal Reserve reporters on X (formerly Twitter). Bessent accused journalists like WSJ's Nick Timiraos of being 'stenographers pretending to be journalists' who report Fed 'backroom gossip.' He

On August 5, U.S. Treasury Secretary Scott Bessent posted on X that WSJ reporter Nick Timiraos and other journalists covering the Federal Reserve lack independent analytical capability. In his post, Bessent said these reporters operate as "stenographers masquerading as journalists," relying