Global TradFi & Macroeconomics

National Pension Service fund management staff received performance bonus payments totaling 45.65 billion won for last year, including deferred amounts, according to financial industry sources. The payment significantly exceeded the original budget of 26.506 billion won by approximately 1.7 times, d

Hong Kong's Hang Seng Index opened marginally higher by 7 points to 25,150 today, recovering above the 25,000 level following yesterday's 580-point rally. The move came as the Hang Seng China Enterprises Index rose 0.9% while U.S. stocks declined amid ongoing U.S.-Iran tensions. The Tech Index opene

According to the financial investment industry, on July 21, South Korea's National Pension Service decided to review its current performance bonus system for fund management operations. The review comes after the introduction of absolute performance benchmarking this year led to elevated bonus

According to Korea Securities Depository, securities settlement payments processed through the institution reached 4.701 quadrillion won in the first half of 2026, up 41.3% from 3.326 quadrillion won in the same

On July 21, Hong Kong's Hang Seng Index opened 0.03% higher, while the Hang Seng Tech Index rose 0.07%. Semiconductor stocks led gains, with Luokung Tech (06809) up over 4%, HUALI surging nearly 4%, and GigaDevice and SMIC both gaining over 3%.

According to Jin10 Futures, as of 09:30 Beijing time on July 21, WTI crude oil futures fell 0.32%, while U.S. natural gas futures declined 0.45%.

According to CITIC Securities, as of June, U.S. tech stocks have entered high-level consolidation, with the Nasdaq not ruling out a decline of over 10% from recent highs. The investment bank flagged that

According to MSX.COM data, AI stocks rallied on July 21, with Ambarella surging 6.24%, Teradyne rising 3.54%, Atlassian up 3.37%, Marvell gaining 3.32%, and Baidu climbing 2.4%.

According to Odaily, London Stock Exchange plans to launch an evening trading venue in the first half of 2027, joining global exchanges offering near 24-hour trading. The new venue will operate independently from the main market with trading hours from 5pm to 7:50am London time. LSE's main market wi

According to the Korea Financial Investment Association, as of July 16, South Korea's margin balance for stock financing hit 33.4 trillion won (approximately $22.6 billion), marking its lowest level since April 15. The figure represents a 13% decline from the peak of 38.6 trillion won recorded at th

According to regulatory filings disclosed on July 20, MicroStrategy did not purchase any bitcoin over the past week, breaking its streak of consistent accumulation. The company simultaneously injected $225 million into its dollar

According to Guru Club, lithium carbonate futures declined 6% on July 21, with the main contract trading at 138,940 yuan per ton.

Bitcoin (BTC) is decoupling from U.S. tech stocks and continues to rise, temporarily around $65,500 as of July 21. U.S. President Trump did not sign the ethics provisions, and negotiations on the CLARITY Act have hit a stalemate. Grayscale has filed a registration statement for a Grayscale Worldcoin ETF with the U.S. Securities and Exchange Commission (SEC). Macro Events & Crypto Market Hotspots 1、According to The Block, last week, Sichuan普 President and Republican senators Bernie Moreno and Cyn

According to Korea Securities Depository, equity-linked securities (ELS) issuance in the first half of 2026 reached 27.76 trillion Korean won, marking a 28% increase compared to the same period last year. By underlying asset, ELS linked to U.S. and European indices saw declining issuance, while

South Korea's Financial Supervisory Service has not yet confirmed the schedule for its comprehensive inspection of KB Financial Group, despite earlier announcements targeting the second half of this year. The FSS entered a three-week inspection suspension period from the previous day until next

LX International's operating profit for Q2 is forecast to more than double compared to the same period last year, driven by rising coal prices in its core business. According to the average forecast from six securities firms compiled by Yonhap Infomax on the 21st, LX International's Q2 operating pro

According to Business Wire, Archer Aviation (NYSE: ACHR) and Anduril unveiled a military-commercial autonomous vertical takeoff and landing aircraft platform on July 20, lifting Archer shares 19% to $5.31. The dual-use platform combines defense and commercial applications, with Anduril's unmanned mo

According to Business Insider, Goldman Sachs identified three non-AI sectors as investment opportunities on July 20. The bank recommended consumer experience-related stocks, high-growth companies, and acquisition targets as areas to consider amid market volatility. Goldman noted that consumer experi

According to Jin10, the People's Bank of China conducted 253 billion yuan in 7-day reverse repos today (July 21). With 236.5 billion yuan maturing, the operation resulted in a net injection of 16.5 billion yuan into the money

According to U.S. Central Command and the Pentagon, American forces carried out their 10th consecutive night of strikes on Iran on Monday, July 21, as military operations near the Strait of Hormuz intensified. The conflict has claimed 17 U.S. troops killed and approximately 430 wounded since late