Global TradFi & Macroeconomics

South Korean financial authorities released dual-listing guidelines that require shareholder approval when parent companies list spin-off subsidiaries, according to an analyst report issued on the 7th. Hanwha Investment & Securities analyst Eom Su-jin stated the regulations will benefit not only hol

According to KB Securities, analyst Lee Chang-min on July 7 initiated coverage of semiconductor equipment maker PSK with a buy rating and a 280,000 Korean won target price. The analyst expects PSK to benefit from global chipmakers' expanding capital expenditure (Capex) cycles across all

Korean stock market investors are adjusting portfolios in response to renewed US interest rate hike concerns, according to a report issued on the 7th by DB Securities researcher Kang Hyun-ki. The rebalancing reflects expectations that market focus will broaden from semiconductor stocks to value stoc

According to Goldman Sachs, the investment bank recently reaffirmed its buy rating on NVIDIA, noting that despite the chipmaker's significant gains over the past year, its current valuation remains attractive. Goldman Sachs forecasts NVIDIA's data center business revenue will exceed $120 billion

Samsung Electro-Mechanics received a target price upgrade to 2.8 million won from Daishin Securities on July 7, with Q2 operating profit forecast at 423.9 billion won, exceeding the previous estimate of 387 billion won and consensus of 385.6 billion won by 9.5% and 9.9% respectively. The upgrade

Morgan Stanley and Goldman Sachs analysts recommended investors consider buying Magnificent 7 technology stocks, citing undervaluation, according to Business Insider reporting on the 6th local time. The Wall Street investment banks identified a buying opportunity after the Roundhill Magnificent 7

According to SemiAnalysis, rumors about Nvidia's next-generation Kyber NVL144 AI server facing advanced PCB manufacturing bottlenecks and potential delays beyond 12 months prompted heavy selling in Asian semiconductor stocks on July 6. Nvidia denied the allegations on Monday, stating its product

According to Business Insider, on July 6, major Wall Street investment banks including Morgan Stanley and Goldman Sachs recommended clients consider Magnificent 7 tech stocks trading at attractive valuations. The Roundhill Magnificent 7 ETF (MAGS), which holds equal-weight positions in the group,

US stock market indices rose in the latest trading session, with Big Tech stocks excluding Microsoft leading gains as technology and communication services sectors outperformed. Wall Street analysts raised S&P 500 companies' second-quarter earnings per share estimates by 3.4%, marking the largest

According to FactSet data released overnight, S&P 500 companies' second-quarter earnings-per-share (EPS) forecasts rose 3.4% to $81.54 from $78.84 three months ago—the largest quarterly increase since 2021. Separately, Foxconn (Hon Hai Precision) reported a 40% surge in Q2 revenue driven by

Samsung Electronics reported second-quarter operating profit of 89.4 trillion won, exceeding the expected 84.2 trillion won. The company also posted second-quarter sales of 171 trillion won, beating the consensus forecast of 169.23 trillion won.

According to Bloomberg, renowned investor Michael Burry recently announced a short position on Micron (MU-US) via Substack, arguing that the memory chip maker typifies cyclical industries and warning that the AI memory super-cycle may be unwinding. Micron's forward P/E has plummeted from 11x in

According to Korean Economy TV, the U.S. stock market's three major indices all rose overnight on July 5, with technology and communication service sectors posting the largest gains. Among major tech stocks, Nvidia, Amazon, and Tesla advanced, while Microsoft showed more muted performance due to

According to ZhitongCaijing, on July 7, the Hang Seng Index warrant street货 ratio stood at 51:49. Among bear warrants, the 24,000-24,099 price band saw the largest new additions with 306 new contracts, reaching 512 total. Bull warrant accumulation was concentrated in the 23,000-23,099 band, which ad

According to Zhitong Finance, Hang Seng Index ADR rose 0.22% on Monday (July 7), closing at 23,667.36 points. Among major blue-chip stocks, HSBC Holdings advanced 1.9% to 154.881 Hong Kong dollars, while Tencent Holdings gained 0.17% to 452.769 Hong Kong dollars.

According to Smart Finance App, Hang Seng Index futures (July) closed at 23,571 points on July 7, up 26 points or 0.11%, trading at a 45-point discount. Open interest totaled 127,609 contracts, up 1,485; net open interest stood at 50,532 contracts, up 5,128.

Bitcoin exchange-traded funds recorded $527 million in net outflows during the shortened week, marking their eighth consecutive week of redemptions. Blackrock's IBIT drove the decline with $772.6 million in losses for the week. The pressure was concentrated in IBIT, overwhelming gains across much of

The Magnificent 7 tech stocks—Microsoft, NVIDIA, Alphabet, Apple, Meta, Tesla, and Amazon—lost approximately $2 trillion in combined market capitalization in June, marking a significant underperformance relative to broader market indices. The decline reflects a structural shift as these companies pi

The US dollar declined slightly in New York trading on July 6 as the euro strengthened against major currencies following hawkish comments from European Central Bank Executive Board member Isabel Schnabel. At 4pm Eastern Time, the dollar-yen exchange rate stood at 162.054 yen, up 0.576% from the Jul

Blackrock's IBIT recorded $772.6 million in net outflows for the week ended July 4, continuing its streak of redemptions. Spot bitcoin ETFs posted $527 million in total net outflows, marking their eighth consecutive week of declines. Ether ETFs saw $13.67 million in outflows for the week, also their