Global TradFi & Macroeconomics

According to Moody's, Argentina's sovereign credit rating has been upgraded to B3 with a stable outlook. The rating upgrade reflects improved credit conditions for the South American nation.

US stock markets rallied on local time July 21, with the Nasdaq Composite surging 1.29% to 25,837.21 as semiconductor stocks rebounded sharply and corporate earnings exceeded expectations. The Philadelphia Semiconductor Index jumped 5.2%, its largest single-day gain in a month, while SK Hynix ADR

JP Morgan stated on the 21st that deleveraging in Korean stocks is nearing completion. The investment bank maintained its 12-month KOSPI target of 12,500 and 'overweight' recommendation. The approximately 28% decline in KOSPI from its June peak resulted primarily from leveraged ETF unwinding and

According to API data, U.S. crude oil production fell 90,000 barrels per day for the week ending July 17, reversing the prior week's gain of 56,000 barrels per day.

According to API data, U.S. refinery crude oil inventories fell to 1.759 million barrels for the week ending July 17, falling short of the 1 million barrel forecast and down 500,000 barrels from the previous week's 2.259 million barrels.

According to API data released for the week ending July 17, US heating oil stockpiles increased by 495,000 barrels, compared with a decline of 73,000 barrels in the previous week.

According to API库欣 data as of July 17, U.S. crude oil inventories at Cushing fell 737,000 barrels during the week, compared to a rise of 238,000 barrels in the previous week.

According to the American Petroleum Institute (API), U.S. crude oil inventories increased by 2.603 million barrels for the week ended July 17, compared to expectations of a 500,000-barrel decline and the previous week's 564,000-barrel

According to API data, U.S. refined oil imports reached 43,000 barrels per day for the week through July 17, compared to negative 188,000 barrels per day in the prior week.

According to the American Petroleum Institute (API), U.S. gasoline inventories declined by 1.379 million barrels for the week ending July 17. The actual draw fell short of the expected 1.81 million-barrel decline and came after a 1.664 million-barrel decrease in the prior week.

According to Jin10, U.S. API crude oil imports surged to 355,000 barrels for the week ending July 17, compared with a decline of 119,000 barrels in the prior week.

According to JP Morgan's July 21 report on South Korean equity market dynamics, a sharp 28% decline in KOSPI since June has been primarily driven by excessive deleveraging and forced liquidations of leveraged positions by hedge funds and retail investors. Leveraged ETF net

Falcon Finance launched the USDf card across more than 90 jurisdictions for verified users, enabling spending of tokenized assets online, in stores, and through supported mobile wallets. The card allows users to mint USDf by depositing approved collateral—including cryptocurrencies, tokenized

The USD/JPY exchange rate broke through 163 yen on the 21st (local time), reaching its highest level in 40 years. According to Yonhap Infomax currency data (screen 6416), the rate stood at 163.137 yen at 2:14 PM on the 21st, up 0.617 yen (0.380%) from the previous close. The last time the USD/JPY ra

According to Yonhapinfomax, the dollar-yen exchange rate broke through 163 yen on July 21 at 2:14 PM New York time, reaching 163.137 yen and marking its highest level since December 1986. The pair briefly spiked to 163.213 yen. The yen's weakness is driven by rising crude oil prices amid U.S.-Iran m

On Tuesday (July 21), emerging market ETF closed up 2.80%, leading major asset classes. Brent oil fund surged 2.51%, while gold ETF gained 1.96% and Nasdaq-100 ETF rose 1.85%. Other gainers included Barclays convertible bond ETF, Russell 2000 ETF, S&P 500 ETF, and Dow ETF (all up at least 0.69%),

The U.S. API crude oil inventory report for the week ending July 17 will be released momentarily.

The Nasdaq Golden Dragon China Index closed down 0.7% today. Among major Chinese tech stocks, Tencent fell 3.5%, NetEase declined 3.4%, Alibaba dropped 2%, and Pinduoduo slid 1.3%, while MediaTek subsidiary ASM Pacific Technology surged 8.7%. In ETF trading, the China Internet ETF (KWEB) fell 1.53%,

An individual investor switched their entire portfolio to Samcheonang Pharmaceutical stocks after forced liquidation of an SK Hynix margin position, according to a post on online community Fmkorea on the 21st. The investor had posted on the 18th requesting a loan to cover 140 million won in margin d

Uphold has launched access to more than 4,000 U.S. stocks and ETFs for U.S. customers, adding traditional securities to a platform historically built around digital assets. The launch allows users to trade equities and fractional shares from the same app used for crypto trading, with plans to