Global TradFi & Macroeconomics

According to its SEC 8-K filing on July 20, MicroStrategy raised $263.5 million through share sales from July 13–19, selling 2.73 million Class A shares (MSTR). The company did not purchase additional Bitcoin during the period, maintaining its holdings at 843,775

According to Bloomberg, South Korea's KOSPI index has recorded volatility exceeding 60% as of July 21, nearly double that of Japan's Nikkei 225 and surpassing Bitcoin's typical swings. The Korean exchange has triggered circuit breakers seven times this year, compared to zero instances in 2025 and

Cloud and IT infrastructure firm Gabia's controlling shareholder CEO Kim Hong-guk is pursuing voluntary delisting via a tender offer led by Macquarie Asset Management, but the transaction structure has drawn scrutiny. Macquarie's special purpose vehicle DCK Investment disclosed on July 21 a tender o

UBS Asset Management stated on the 20th (local time) that stocks could continue rising despite concerns over semiconductor sector peaks and escalating Middle East tensions, citing three key supporting factors. The asset manager explained that while market volatility may increase, a positive

POSCO E&C issued 400 billion KRW in private perpetual bonds on July 20, marking the company's first-ever issuance of such securities. The bonds carry a 6.35% coupon rate with a 3-year call option and were issued to repay existing debt and stabilize the company's maturity structure. The capital

According to UBS Asset Management, on July 20, the company released an outlook predicting global equities will receive support from three positive factors despite market volatility. With approximately 10% of S&P 500 companies having reported earnings, nearly 90% exceeded earnings per share (EPS)

According to Yonhapinfomax, on July 21, Macquarie Asset Management initiated a take-private bid for Gavia, a cloud and IT infrastructure company, through its special purpose vehicle DCK Investment. The bid

According to The Block, Grayscale has submitted a Worldcoin ETF registration statement to the U.S. SEC on July 21. The Grayscale Worldcoin ETF will hold the World Network's native token WLD as a passive investment vehicle, with each share value designed to reflect the WLD holdings minus fees and

Nvidia filed a Schedule 13G disclosure with the U.S. Securities and Exchange Commission on July 20, revealing beneficial ownership of 22.26 million shares of AI cloud services provider Nebius Group, representing a 9.3% stake. The disclosure includes 1.19 million common shares previously reported in

Nikkei 225 index futures rose 1.6% during early trading today.

Citi strategists declared the era of the 'Magnificent 7' large-cap technology stocks over in a recent client note on 20일 (local time), stating the concept has lost its vitality as a framework for evaluating large-cap growth stocks. The assessment comes as the Magnificent 7 group has underperformed t

JP Morgan issued a bullish call on semiconductor stocks on the 20th (local time), stating the sector will form a bottom soon despite recent sharp declines, as AI-related company earnings and industry conditions remain robust. Strategist Mislav Matejka explained that meaningful supply expansion is

Wall Street investment banks issued positive outlooks on major technology stocks this week as New York markets enter earnings season. Cantor Fitzgerald, Morgan Stanley, Bank of America, Mizuho Securities, and Barclays released reports ahead of Big Tech earnings announcements, maintaining or

According to Citigroup strategists, the era of the 'Magnificent 7' large-cap technology stocks has ended today, as the Roundhill Magnificent 7 ETF has risen only 1% year-to-date, underperforming the S&P 500's 9% gain. The strategists noted in a client note that the Magnificent 7, which dominated

According to JP Morgan strategist Misleav Matejka on July 20, semiconductor stocks will likely bottom out supported by strong earnings fundamentals, and investors should resume buying this summer. The iShares Semiconductor ETF (SOXX) has declined approximately 13% over the past month amid concerns a

According to Benzinga, UBS issued a "significantly reduce risk" warning on artificial intelligence-related semiconductor stocks in June amid concerns about crowded positioning. The warning has proven partially accurate: AI chip leaders including Micron, AMD, and SanDisk have experienced notable

According to Shanghai Steel Union data, on July 20, battery-grade lithium carbonate spot prices fell to 152,200 yuan per ton, down 7,200 yuan from early July and 25,000 yuan from early June. Despite strong order demand from downstream lithium battery producers and tight near-term supply amid

Samsung Electro-Mechanics is forecast to achieve a sharp increase in operating profit for Q2, driven by AI server component demand. Yonhap Infomax compiled reports from 15 major domestic securities firms that issued forecasts within the last month, projecting Q2 revenue of 3.3237 trillion won and op

NH Investment & Securities will suspend its mobile and mobile web non-face-to-face account opening services on the 25th from 9:30 AM to 10:30 AM for approximately one hour. The suspension is due to system work for introducing a foreign stock omnibus account service aimed at improving foreign

According to industry sources, NH Investment Securities will temporarily halt non-face-to-face account opening services via its mobile trading system and web platform on July 25 from 9:30 to 10:30 a.m. for system maintenance. The suspension is tied to the deployment of an omnibus account system