Global TradFi & Macroeconomics

According to Citigroup, on July 20, the bank downgraded South Korea's stock market rating from Overweight to Neutral, citing recent volatility in semiconductor stocks and a shift to reduce exposure to artificial intelligence-focused investments. The adjustment comes as investors have faced

According to Shanghai Steel Union data, battery-grade lithium carbonate (MMLC) mid-price fell to 152,200 yuan/ton this morning, down 350 yuan/ton from the previous day's 4:30 p.m. closing price.

China's Ministry of Finance announced today that the 1-month Treasury cash term deposit rate fell to 1.64% from 1.67%, while the 3-month rate declined to 1.67% from 1.69%.

Alibaba (09988-HK) stock has recently seen two developments unfolding in parallel: first, China’s version of Apple Intelligence has been filed with the Cyberspace Administration of China, and Apple will integrate Alibaba’s Tongyi Qianwen large model to deliver core AI capabilities for users in China; second, as the largest industry investor in Chinese DRAM maker CXMT (ChangXin Technology), Alibaba holds nearly 5% of its shares, and based on the market-expected market cap, its investment return r

According to Zhitong Caijing, Hangzhou Yundonong Intelligent Automotive Technology Co., Ltd.'s Hong Kong IPO prospectus, submitted on January 19, 2026, expired on July 19 (yesterday) after reaching its six-month validity period. China International Capital Corporation served as the sole

According to Zhitong Finance, on July 19, 2026, the Hong Kong IPO prospectus filed by Suzhou Jiuwu Intelligent Technology Co., Ltd. on January 19, 2026, expired after six months. China International Capital Corporation and Citigroup served as joint sponsors for the

According to MSX.COM, Hong Kong oil and gas stocks surged on July 20 early morning local time. China National Offshore Oil Corporation (00883.HK) and China National Petroleum Corporation (00857.HK) both rose over 5%, while China Petroleum & Chemical Corporation (00386.HK) rose over 2%, and

According to Shanghai Stock Exchange announcement today, Long Xin Tech released its initial public offering network placement results and online lottery results. All 285 institutional investors managing 10,907 effective pricing targets completed their network subscriptions as required, with

According to BlockBeats, on July 20, South Korea's Korea Exchange (KRX) triggered its Sidecar mechanism in response to KOSPI index volatility, suspending algorithmic trading for approximately 5 minutes. The Sidecar mechanism is designed to respond to sharp short-term price swings by restricting algo

Former lawmaker Kim Seong-tae of the People Power Party stated on the 20th that financial authorities should have intervened when single-stock leveraged ETFs were first introduced as products, citing concerns over increased market volatility. Kim made the remarks during an appearance on KBS Radio, c

Citadel Securities reported that 9 out of 10 stock market indicators it tracks have significantly improved over the past 2 weeks, according to an analysis published on the 18th (local time) by Business Insider. Strategist Scott Rubner stated that earnings announcements remain the key concern and

Hong Kong stocks opened higher on the morning of July 20, with the Hang Seng Index rising 320 points to 24,882 within three minutes of trading, marking a 1.3% gain as AI and chip stocks rebounded. The opening followed a relatively moderate 1.78% decline on the last trading day of the previous

According to Business Insider on July 18, Citadel Securities strategist Scott Rubner found that 9 of 10 key stock market indicators he tracked significantly improved over the past two weeks, signaling positive momentum in U.S. equities. Rubner noted that retail investors have resumed substantial

According to Central News Agency, Hong Kong stocks rebounded this morning (July 20), with the Hang Seng Index rising 320 points to 24,882 points, up 1.3%. AI and chip stocks, which led losses on Friday, reversed course and moved higher amid easing market concerns over valuation

According to SoSoValue data, the tracked XRP spot ETF recorded a net inflow of $6.78 million over five trading days as of July 18, bringing the cumulative net inflow total back up to nearly $1.5 billion, a new all-time high. However, the entire $6.78 million inflow was concentrated entirely on July 16, and the other four trading days showed no reported trading activity; over the past 10 trading days, net inflows were zero for seven days. XRP ETF Posts $6.78 Million Net Inflow This Week (Source:

According to Jin10 Futures, the CFETS-NEX (CNEX) overall market sentiment index fell to 52 as of 10:15 on July 20, down 3 points from 08:45. By institution type, the sentiment indices for large banks, mid-size banks,

According to Jin10, on Monday (July 20), Shanghai gold's morning trading price reached 873.76 yuan per gram, outpacing the international gold price of 872.15 yuan per gram by 1.61 yuan.

According to Zhitong Finance, Tencent Holdings (00700) rose 3.12% to 476.2 Hong Kong dollars on July 18 during the 2026 World Artificial Intelligence Conference (WAIC). The company unveiled a full-stack embodied AI solution spanning cloud infrastructure, models, platforms, and applications. Tencent

According to Yonhapinfomax, the Seoul foreign exchange market opened on July 20 with the US dollar-Korean won (USD-KRW) spot rate trading at +0.05 won versus the market average rate (MAR). Non-deliverable forwards (NDF) fixing positions held neutral, indicating a balanced market posture among

According to China's Ministry of Industry and Information Technology (MIIT), integrated circuit exports surged 88.7% year-on-year in the first half of 2026, driven by global demand for artificial intelligence and green energy transitions. MIIT General Engineer Wang Weiming also reported at a State C