Global TradFi & Macroeconomics

According to iM Securities analyst Kim Jun-young on July 20, South Korea's KOSPI index is unlikely to recover its earlier highs by the end of Q3 and is expected to trade range-bound and search for direction through year-end. The analyst noted that elevated

Doosan Bobcat's profitability is forecast to decline in Q2 this year, driven by continued weakness in the North American housing market, its primary market. According to average estimates from four major domestic securities firms compiled by Yonhap Infomax within the past three months, the company's

Standard & Poor's downgraded Oracle's credit rating from BBB to BBB- this month, prompting Tyler Richey, an analyst at Sevens Report Research, to warn that the move represents an early warning signal of difficulties the market will face ahead. The downgrade places Oracle one notch above junk bond st

According to Union Infomax, Doosan Bobcat is expected to report Q2 2026 operating profit of 180.6 billion KRW, down 12.99% year-over-year, while revenue is projected to decline 0.92% to 221.65 trillion KRW. The operating margin is forecast at 8.1%, down approximately 1.1 percentage points from the p

According to Business Insider on July 19, S&P downgraded Oracle's credit rating from BBB to BBB-, placing the software and cloud services company just above junk bond status. Analysts at Seven Star Research noted the downgrade represents an early warning of economic headwinds ahead, with the bond

According to Jinlian and Jin10 Futures, on July 20, China's gasoline and diesel prices are forecast to rise 450 yuan/ton, with the adjustment window set for July 31 at 24:00. The crude oil price change rate reached 9.54%, with reference oil types averaging $85.30 per barrel. Regional markets,

According to Jin10 Futures, the CFETS-NEX renminbi funding sentiment index rose to 55 on July 20 (as of 08:45), up 4 points from the previous day's close. By institution type, large banks reported 55 (up 5 points), mid-size and small banks reported 58 (up 6 points), and non-bank institutions reporte

Seoul bond market participants adopted a cautious stance on July 20, monitoring international oil prices and semiconductor manufacturer stock movements following escalating geopolitical tensions and central bank policy signals. Iran officially announced over the weekend it would no longer fulfill

South Korean Deputy Prime Minister and Finance Minister Koo Yun-chul marks his one-year anniversary on July 19, with a town hall meeting scheduled for July 20 to outline his second-year agenda. Koo faces a critical test as economic chief amid an upcoming real estate tax reform announcement

According to Bank of Korea Governor Shin Hyun-sung, on July 20, the central bank left open the possibility of consecutive rate hikes, with Q2 GDP data due on July 23 expected to be a decisive factor. Shin emphasized that core inflation's convergence to the 2% target depends on how monetary policy re

According to Yonhapnews, Japan's financial markets closed on July 20 to observe Marine Day (a national holiday celebrating maritime heritage). The closure comes after a volatile week for Asian markets, with the Nikkei index declining over 2% on July 16 and dropping more than 4% on July 17. U.S.

China's one-year Loan Prime Rate (LPR) will be released on July 20, according to the announcement. The rate is expected to be published within ten minutes.

Samsung Biologics disclosed on the 20th that it will acquire 100% of PolyPeptide Group for 1.46 billion Swiss francs (approximately 2.7 trillion Korean won), the largest pharmaceutical merger and acquisition in Korean industry history. The acquisition expands Samsung Biologics' contract

The U.S. has confirmed with China that provisions related to Hong Kong in Executive Order 13936 will not be renewed when they expire later this year, effectively terminating the order. The move signals a potential easing of restrictions on U.S. institutional investment in Hong Kong equities, with

The Korean government expanded the National Growth Fund from 150 trillion won to 200 trillion won during a presidential briefing last week, increasing annual supply from 30 trillion won to 40 trillion won over five years. The Financial Services Commission confirmed that direct equity investment

TSMC CFO Wendell Huang stated on the 19th that financial markets are beyond the company's control, responding to a 7%+ stock decline on the 17th—the day after the earnings announcement on the 16th when shares rose approximately 1%. The stock drop followed the quarterly results release. Huang

According to South Korea's Financial Services Commission, the government announced on July 20 that it will expand the National Growth Fund to 200 trillion won over five years, up from the original 150 trillion won target. The annual funding allocation will increase from 30 trillion won to 40 trillio

According to Jin10, on July 17, major global stock indices fell, with Asian markets leading losses. China's ChiNext index dropped 7.15% and the Sci-Tech 50 index fell 7.12%, while Hong Kong's Hang Seng declined 1.78%. In the U.S., the S&P 500 fell 1.01% to 7,457.66, the Nasdaq Composite dropped 1.4

According to Jin10 Futures, on July 20, crude oil prices continued rising, with positive fundamentals in the domestic fuel oil market providing support. Domestic fuel oil traders showed increased confidence in pushing prices higher, while downstream buyers remained cautious with conservative

Hana Securities on July 20 maintained an 'overweight' investment rating on Korean banking stocks while recommending Woori Financial Group and iM Financial Group as top picks based on valuation attractiveness, according to analyst Choi Jung-wook. The recommendation follows the Bank of Korea's July 16