Global TradFi & Macroeconomics

According to Yonhap Infomax, South Korea's KOSPI index closed at 6,797.70 today (July 22), up 0.74% from the previous session. However, VIP Asset Management highlighted underlying structural weakness: 586 KOSPI-listed companies, or 73% of all listed firms, trade at a price-to-book ratio (PBR)

According to CNBC, Texas Instruments reported Q2 earnings per share of $2.14 on July 22, beating analyst expectations of $1.93. Revenue reached $5.46 billion, exceeding consensus of $5.25 billion. For Q3, the chipmaker guided revenue of $5.65 billion to $6.15 billion, above market consensus of $5.6

According to Daishin Securities, the yen-dollar exchange rate surpassed 163 yen this morning, marking the lowest level since the mid-1980s. The weaker yen reflects structural tensions between the Bank of Japan's monetary policy normalization efforts and Japan's Ministry of Finance attempts to

Samsung Biologics posted Q2 2026 operating profit of 586.4 billion won, up 22.9% year-over-year, despite labor strike disruptions to batch production. Revenue reached 1.3209 trillion won, a 30.2% increase from the same period last year, driven by full operation of Plants 1-4, expanded sales

Cathie Wood, CEO of ARK Invest known as 'Money Tree Sister,' purchased approximately $20.5 million worth of SpaceX shares on the 20th through four exchange-traded funds. The purchase of 170,634 shares occurred as SpaceX stock continued its decline following its initial public offering, trading at $1

Benchmark Equity Research raised its Hut 8 target price to $195 on Wednesday from $165, citing full commercialization of the company's Beacon Point AI data center campus in Texas. The new price target, compared to Hut 8's stock price of approximately $111 on Wednesday, implies about 75% upside.

Samsung Biologics posted Q2 2026 revenue of 1.32 trillion Korean won and operating profit of 586.4 billion Korean won on July 23, up 30.2% and 22.9% year-over-year respectively. The company maintained operating margins above 40% despite upfront costs for its newly operational Plant 5 and

According to The Street, Cathie Wood's ARK Invest purchased 170,634 SpaceX shares worth approximately $20.5 million on July 20, 2026, across four of the firm's exchange-traded funds. SpaceX closed at $119.85 on the purchase date, down 25.5% from its IPO first-day close of $160.95 and 11.2% below the

According to Kiwoom Securities, foreign investors switched to net buying yesterday, purchasing 2.6 trillion Korean won of KOSPI-listed shares including 1.7 trillion won in semiconductor stocks, marking the largest single-day inflow since May 6. The KOSPI fell below the 7000-point level, which

Alphabet (Google) reported second-quarter revenue of $119.8 billion on July 22 (local time), exceeding market estimates of $116.9 billion, and announced expanded AI investment plans with capital expenditure guidance raised from $180-190 billion to $195-205 billion for the year. The revenue

SK Hynix's US-listed ADR trades 33.2% above its domestic Korean shares, according to a Shinhan Investment Securities report by analyst Lee Jeong-bin dated the 23rd. The premium, which peaked at 52% shortly after the ADR's listing from an initial 3%, may narrow through domestic share price

According to Shinhan Investment Securities on July 23, SK Hynix ADRs (American Depositary Receipts) are trading at a 33.2% premium to the company's domestic shares. Starting July 29, mutual conversion procedures between the ADR and domestic shares will commence, enabling arbitrage opportunities. Shi

GlobalData.TS Lombard released a report on 22nd stating that Samsung Electronics and SK Hynix stocks may face limited further gains despite strong Korean stock market performance this year. The analysis firm cited heavy dependence on memory price increases for earnings improvement as the primary

According to a recent report by TS Lombard cited by Business Insider on July 22, Samsung Electronics and SK Hynix' performance improvements are heavily dependent on rising memory prices. The analysis noted that in 2026, approximately 55-70% of revenue growth for Samsung Memory, SK Hynix, and

According to KB Securities on July 23, the firm cuts Doosan Enerbility's (034020) target price to 140,000 won, down 10.3% from previous guidance, citing delays in U.S. new nuclear equipment orders now expected to shift from 2026 to 2027. Analyst Jung Hye-jung noted that expanded government

The Bank of Korea announced on the 23rd that Q2 real GDP growth reached 0.6% quarter-on-quarter and 3.7% year-on-year, exceeding market expectations. The results surpassed a forecast aggregated by Yonhap Infomax from 13 macroeconomic experts, which projected 0.37% QoQ and 3.43% YoY growth. The

Samsung Electro-Mechanics and LG Innotek stocks declined 40% and 57% respectively from recent highs over a one-month period, according to a KB Securities report issued on May 23 by analyst Lee Chang-min. The analyst attributed the decline to profit-taking following rapid gains and concerns about

According to KB Securities analyst Lee Chang-min, Samsung Electro-Mechanics and LG Innotek stock prices fell 40% and 57% respectively over the past month as of July 23, driven by profit-taking and concerns over AI infrastructure investment slowdown. Despite the pullback, fundamental conditions for b

Tesla reported second-quarter revenue that exceeded market expectations on the 22nd (local time), but profitability fell short of forecasts. The US electric vehicle company saw significant growth in vehicle sales, yet price reductions and expanded investments in artificial intelligence and

Tesla reported Q2 net profit of $1.114 billion, down 5% year-over-year, on July 22. The earnings beat revenue expectations, and vehicle sales grew significantly. However, higher spending on artificial intelligence and robotaxi development, combined with price cuts, pressured margins and eroded profi