Global TradFi & Macroeconomics

Topsports (06110-HK) shares continued their downturn at the open on July 24, briefly trading at HK$1.29. The catalyst was a formal notice from Nike received on July 21: effective January 1, 2027, Topsports’ online sales business for Nike products in mainland China will be fully discontinued. Nike’s online sales account for about 22% of Topsports’ total revenue, with the related business size at approximately RMB 5.6 billion. Topsports’ market cap erodes by HK$3 billion, leaving about HK$9 billio

According to Mirae Asset Securities on July 23, Samsung Electronics and SK Hynix shares plummeted recently amid concerns over NAND flash memory price weakness expected in the second half of 2027. Trendforce forecasts TLC and QLC wafer contract prices will decline 9.4% in Q3 2027 and 15.4% in Q4,

According to Intel's Q2 2026 earnings reported Thursday, July 23, the company's data center and AI (DCAI) segment generated $6.3 billion in revenue with 59% year-over-year growth, driving overall Q2 revenue to $16.1 billion, up 25% annually and exceeding analyst expectations of $14.42 billion. CEO

According to Korea Exchange, the KOSPI 200 index futures declined over 5% on July 24 at 11:23 AM, triggering an automatic halt to program sell orders on South Korea's main securities market. The program trading

The U.S. Trade Representative (USTR) released a notice on final tariff measures at 1:23 p.m. Eastern Time on July 23, determining a 12.5% tariff on forced labor imports from South Korea under Section 301 of the Trade Act, and taking effect on July 24. On July 24, South Korea’s Ministry of Trade, Industry and Energy said it will negotiate with the United States to maintain the tariff rate cap previously agreed between the two sides, under which the total of the two “301 tariff measures” will not

April Bio completed a 340 billion won third-party capital increase with a consortium led by IMM Investment and TKG Huchemicals on the 23rd, one month after signing the stock purchase agreement on the 23rd of last month. TKG Huchemicals invested approximately 150 billion won to secure management

According to Yonhap Infomax, Lotte Chemical announced on July 24 that it is exploring the sale of its construction materials business division to multiple potential buyers. The company disclosed the process through official filings but noted that no specific agreement or conclusion has been

According to Newsis citing KOSCOM data, inflows to 14 Samsung Electronics and SK Hynix single-stock leverage ETFs fell sharply to 53.4 billion won in the past week through July 24, down significantly from 6.5 trillion won over the past month and 13 trillion won cumulatively since their May 27

According to Maeil Business Newspaper, OCI Holdings signed long-term supply contracts with new U.S. customers on July 24, announcing plans to double its polysilicon production capacity from 35,000 tons to 70,000 tons by 2029. The company also plans to expand wafer production at its Vietnam

According to Shanghai Steel Association, MMLC battery-grade lithium carbonate prices fell to 145,150 yuan/ton during early trading today (July 24), down 250 yuan/ton from the previous day's close at 16:30.

South Korean construction stocks Kumho Engineering & Construction and Namhwa Engineering & Construction declined sharply on the 24th after surging earlier this month on government mega-project announcements. As of 11:09 AM on the 24th, Kumho E&C traded down 8.94% at 10,290 won while Namhwa Engineeri

According to Korea Exchange, Kumho E&C and Namhwa Construction shares plunged on July 24 as investors took profits following earlier gains tied to government mega-project announcements. Kumho E&C fell 8.94% to 10,290 Korean won, while Namhwa Construction dropped 8.46% to 4,980 won. Both had surged a

According to Morgan Stanley, Google's cloud business revenue surged 82% to $24.77 billion in Q2, while TPU contributed over $1 billion for the first time. Order backlog reached $514 billion, up $52 billion sequentially, signaling strong AI compute demand. Morgan Stanley maintained an overweight

Foreign investors net purchased approximately 6.2 trillion won in the Korean stock market (KOSPI) over four consecutive trading days from the 20th to the 23rd, marking a sharp reversal from massive sell-offs earlier in July. The buying surge intensified around Alphabet's earnings announcement,

According to its announcement, Yunzhisheng (HK09678) unveiled a share buyback plan of up to HKD 100 million starting from July 23 for six months. The company will use its own funds for the buyback, which may be used for cancellation or held as treasury shares. Executive director and CEO Wong Wai

According to the Korean Exchange, foreign investors shifted to net buying of 6.2 trillion won in the KOSPI market from July 20-23, reversing weeks of sharp selling pressure. The buying accelerated following Alphabet's Q2 earnings report on July 22-23, when foreigners net purchased approximately 5 tr

South Korean securities firms affiliated with financial holding companies—NH Investment & Securities, KB Securities, and Shinhan Investment & Securities—delivered record first-half earnings as brokerage revenue surged and wealth management product sales accelerated. Net profit for all three firms

According to Jin10, on July 24, spot gold and silver continued to decline, prompting major Chinese jewelry brands to cut prices significantly. Chow Sang Sang's pure gold ornaments fell 31 yuan per gram to 1,227 yuan/gram; Laomiao Gold dropped 27 yuan per gram to 1,231 yuan/gram; Lao Fengxiang declin

Google (Alphabet) shares fell by about 4.5% after the release of the 2026 Q2 earnings report, even though Q2 total revenue reached $119.8 billion, beating analysts’ expectations. As reported by Ars Technica, this quarter’s capital expenditures (Capex)—mainly used for AI data centers—totaled $44.9 billion, directly causing Q2 free cash flow to come in at -$5.8 billion. Google Q2 2026 Earnings Breakdown by Segment Based on Google’s Q2 2026 earnings report, the key figures by business line are as f

According to Investing.com on July 23, Brent crude oil surged past $100 per barrel, rising more than $20 from early July lows. Macquarie's Bikas Dwivedi, global energy strategist, expects oil to maintain strength in the coming weeks as Persian Gulf supply availability decreases. The rally reflects r