Global TradFi & Macroeconomics

According to CNBC on July 21, short-term U.S. Treasury ETF SGOV (iShares 0-3 Month Treasury ETF) saw net inflows of $47.5 billion year-to-date, the highest among all bond ETFs. Assets under management approached $100 billion, becoming the third-largest bond ETF globally. The shift reflects

On July 22, 2026, a landmark move by a storage-chip sector bellwether drew widespread market attention. SanDisk surged more than 14% in a single day, with its share price reclaiming the $1,500 level; it was temporarily trading at $1,588.88. This rebound began around last week’s low near $1,325 and, within just a few trading days, the cumulative gain has already reached about 20%. Earlier, at the end of June, SanDisk briefly set a record high of $2,353. After a drawdown of roughly 32% from its hi

According to BlockBeats citing Korean Securities Depository Clearing Corp. data, South Korean investors net-purchased Cambricon (寒武纪), an AI compute chipmaker, for $2.857 million during the week of July 13–19, ranking first among Korean-funded A-share tech stock purchases. The same period saw

Korean government bond 30-year yields surpassed 4.6% during trading on the 22nd at 9:34 AM, marking a record high for the benchmark instrument. The movement followed global bond curve steepening trends, with the 26-2 series yield rising 3.0 basis points to 4.600% and briefly touching 4.612% in

According to Yonhap Infomax, South Korea's 30-year government bond yields hit 4.6% on July 22, marking a record high for the benchmark instrument. The 26-2 maturity surged 3.0 basis points to 4.600%, with an intraday peak of 4.612%. Three-year yields rose 2.9bp to 3.895%, while 10-year yields

Jack Mallers stepped down as CEO of Twenty One Capital on July 20, 2026, to focus full-time on bitcoin payments company Strike. The departure coincided with the collapse of a Tether-engineered three-way merger involving Twenty One Capital, Strike, and bitcoin miner Elektron Energy. XXI shares fell o

On July 20, 2026, Jack Mallers stepped down as CEO of Twenty One Capital to focus full-time on Strike, his bitcoin payments company, according to The Block. Raphael Zagury, a former Goldman Sachs and Deutsche Bank executive, was appointed as the new CEO effective immediately. The leadership change c

According to Wells Fargo's Sameer Samana, on July 22, gold's risk-reward structure has shifted following a 20% correction from January's record high, with downside risk narrowing to around $500 while long-term upside could reach $1,500. Samana noted that markets have already absorbed most Fed rate h

Japan's Ministry of Finance announced on July 22 that the country's June exports surged 19.3% year-over-year to 10.929 trillion yen, marking the fastest growth rate since November 2022. The increase was driven by robust semiconductor-related shipments and a weakened yen that enhanced export

South Korea's Democratic Party K-Capital Market Special Committee is reviewing a reduction in the 2x leverage ratio for single-stock leveraged and inverse exchange-traded funds (ETFs), with the beneficiary meeting approval threshold emerging as the primary procedural hurdle. Under Article 190 of the

According to KB Securities, Hyundai Motor's stock price fell to 399,000 KRW on July 22, marking its lowest level in approximately six months after plummeting 49.1% from a peak of 783,000 KRW on July 1. The decline stems from labor strike disruptions and deteriorating second-quarter earnings

According to Japan's Ministry of Finance, the country's June exports rose 19.3% year-over-year to 10.93 trillion yen on July 22, marking the fastest growth since November 2022. Semiconductor exports led the surge, jumping 53.8% as artificial intelligence demand boosted chip demand. Taiwan-bound expo

According to Z FIN announcement, the Hong Kong-listed company received a privatization proposal from controlling shareholder Ou Ya Ping today upon resumption of trading. The privatization will be conducted via scheme of arrangement at HK$6.60 per share in cash, representing a 61% premium to the

According to Yonhapinfomax, LG Display reported an operating loss of 107.7 billion won in Q2 2026 (announced July 22), marking its first quarterly loss in four quarters amid seasonal downturn and workforce restructuring costs. H1 consolidated revenue reached 11.146 trillion won, down 4.3%

According to Yonhapinfomax, Japan's Nikkei 225 index rose 1,026.38 points (1.55%) to 67,258.57 on July 22, driven by overnight strength in U.S. semiconductor stocks. The TOPIX index climbed 35.20 points (0.88%) to 4,050.15. U.S. semiconductor stocks surged 5.21%, with major chipmakers including

According to Yonhapinfomax, on July 22, the dollar-won exchange rate rose to 1,479.70 won, up 6.3 won from the previous day's close of 1,473.40 won. The surge was driven by escalating U.S.-Iran military tensions and the yen hitting a 40-year low. The dollar-yen rate broke above 163 for the first ti

According to investment banking sources, Delivery Hero announced on July 22 that it has halted the Baemin (Baemin) sale process following the execution of a merger agreement between Uber and Delivery Hero. The move marks the culmination of the South Korean food delivery platform's ownership

Toto, Nittobo, and Ajinomoto—Japanese companies known for toilets, textiles, and MSG seasoning—saw their shares surge 78%, 63%, and 61% respectively this year as they supply critical semiconductor components. The three firms reported sharp growth in semiconductor-related businesses for their

According to Bloomberg, Toto, Nittobo and Ajinomoto—companies known for toilets, textiles and seasoning respectively—have seen share prices gain 78%, 63% and 61% this year, rising as they supply critical materials to semiconductor manufacturers benefiting from the AI boom. Toto's advanced

Seven major Korean securities research center heads surveyed by Herald Economy assess the recent KOSPI decline to the 6000 level as an excessive price correction driven by fear and supply-demand factors rather than a deteriorating earnings outlook. The research heads from Mirae Asset Securities,