Global TradFi & Macroeconomics

The three major US stock indices fell for the second consecutive day on the 17th (US Eastern Time), driven by concerns over Chinese AI company Moonshot's new model. The Dow Jones Industrial Average closed at 52,146.42, down 406.55 points (0.77%). The S&P 500 fell 76.08 points (1.01%) to 7,457.69,

Cleveland Federal Reserve President Beth Hammack posted on her LinkedIn account on May 17 (local time) expressing concern that inflation remains too high, while the labor market is near her maximum employment estimate. Hammack, known for her hawkish stance within the Federal Reserve, stated that

According to South Korean media reports, the Philadelphia Semiconductor Index tumbled over 20% from its all-time high on July 17, dragging broader U.S. stock markets lower. The selloff in semiconductor stocks, which had driven the recent AI investment rally, intensified amid rising Middle East

KB Asset Management launched the 'RISE US Space & Robot Top 2 US Bond Mixed 50' ETF on '14일', allocating 25% to Tesla and 25% to SpaceX with the remainder in US short-term bonds, while US ETF manager Subversive plans to introduce an 'Ex-Elon ETF' that tracks Nasdaq 100 and S&P 500 indexes while

According to Yonhapinfomax, U.S. stock indices closed lower for the second consecutive day on July 17. The Dow Jones Industrial Average fell 406.55 points (0.77%) to 52,146.42, the S&P 500 declined 76.08 points (1.01%) to 7,457.69, and the Nasdaq Composite dropped 361.70 points (1.40%) to 25,520.24.

According to Yonhap News, Cleveland Federal Reserve President Beth Hammack expressed concern about elevated inflation on LinkedIn on July 17, stating that inflation remains too high and core personal consumption expenditures (PCE) are estimated at 3.3% year-over-year. Hammack noted that the labor ma

According to Central Daily, KB Asset Management listed a space-and-robotics-focused ETF on July 14 holding 25% Tesla and 25% SpaceX, with the remaining 50% in U.S. short-term Treasury bonds. The product structure allows 100% allocation in individual and retirement accounts. Meanwhile, U.S.-based

On Friday, July 17, at New York close (Saturday 04:59 Beijing time), offshore Chinese yuan (CNH) declined 42 pips to 6.7774 per dollar. The currency traded within a range of 6.7721 to 6.7815 during the

Spot gold rose 1.00% to $4,016.21 per ounce at the close of New York trading on Friday, July 17, breaking the $4,000 psychological level. For the week, gold declined 2.53%. COMEX gold futures gained 0.72% to $4,020.90 per ounce, down 2.30% weekly. Spot silver rose 0.69% to $55.9059 per ounce but

According to Korean Economic Television, Samsung Electronics minority shareholders on July 18 demanded that the National Pension Service exercise voting rights to reject a wage agreement that would distribute up to 10.5% of semiconductor operating profit as performance bonuses. The shareholders'

According to Marketwatch, the Philadelphia Semiconductor Index fell 1.63% on Friday (July 17), closing at 11,673.889 points, declining over 20% from recent highs to officially enter bear market territory. Nvidia's market cap dropped to approximately $4.8 trillion, falling below Apple's

JPMorgan issued a report highlighting two positive signals for Bitcoin centered on MicroStrategy (Strategy, NASDAQ: MSTR). The investment bank noted that Strategy's cash reserves grew from approximately $2.55 billion to $3 billion, sufficient to cover preferred stock dividends for about 20 months an

Wall Street analysts remain divided on semiconductor stocks this week as the Philadelphia Semiconductor Index declined 8% amid rising geopolitical tensions and energy prices that renewed interest rate hike concerns. UBS projects SOX earnings growth of 92% this year and an additional 40% next year, w

According to The Block, JPMorgan analysts stated in a recent report that MicroStrategy's cash reserves increased to $3 billion from approximately $2.55 billion, an amount sufficient to cover the company's preferred stock dividends for about 20 months. Analysts noted this development eases concerns t

The USD-KRW exchange rate climbed 10.90 won to 1,491.30 won in overnight trading as of 2:07 AM on the 18th, compared to the previous session's Seoul daytime close of 1,480.40 won. The surge was driven by escalating US-Iran tensions and a sharp rise in international oil prices, which triggered risk-a

According to UBS on July 17, semiconductor stocks posted declines this week amid broader market concerns, with the Philadelphia Semiconductor Index (SOX) falling 8% this week and 17% this month. However, UBS forecasts earnings growth for SOX companies to reach 92% this year and an additional 40%

Friday (July 17), the U.S. storage chip and hardware supply chain index declined 0.77% to 189.38 points, down over 31.12% from its June 22 closing record of 274.95. The index has fallen 17.61% for the week and remained in decline throughout the

According to ECB board member Cipollone on Friday, July 11, stablecoin growth poses a risk to European bank retail deposits, adding to losses already incurred from mobile payment platforms. Cipollone noted that two-thirds of card payments in the euro area route through non-European schemes, and 13 o

On Friday, July 17, U.S. equity sector ETFs closed broadly lower. The Global Airlines ETF led declines with a 2.53% drop, followed by Semiconductors ETF down 2.18%. Regional Banks ETF fell 1.58%, while Tech and Internet stocks ETFs declined around 1.31%. Energy ETF was the sole gainer,

This week, S&P 500 declined 1.55%, Nasdaq fell 2.9%, and Dow Jones dropped 0.93%.