Global TradFi & Macroeconomics

Las Vegas data center operator Switch has hired Goldman Sachs and JPMorgan to help prepare for an IPO, sources said. The IPO could give the company a valuation as high as $80 billion; by comparison, Switch’s valuation was about $4.2 billion when it launched its IPO in October 2017, raising $531 million, meaning an $80 billion valuation is about 20 times the 2017 figure. Switch hires Goldman Sachs and JPMorgan as IPO underwriters, plans to list in Q4 2027 According to sources, Switch has hired Go

South Korea's Fair Trade Commission initiated a review of the merger between Lotte Chemical and HD Hyundai Oilbank's Daesan petrochemical operations on the 15th, citing concerns the deal may substantially restrict competition in domestic markets. The FTC submitted its examination report to the

South Korea's Ministry of Economy and Finance upgraded its economic assessment in a report released July 15, stating the economy's recovery momentum is solidifying following first-quarter growth expansion, surging exports, and improving domestic consumption. The government shifted its policy focus f

According to DigiFT, Singapore-based digital asset exchange DigiFT and Japan's SBI Global Asset Management Co Ltd launched the JX token today (July 15) on Solana. The token provides accredited and institutional investors with on-chain access to a Japanese high-dividend equity strategy managed by SBI

According to Coinbase's official announcement, the exchange will launch perpetual contracts for SK Hynix (SKHY) and Lumentum (LITE) on July 15, 2026, at 17:00 UTC+8 or later. The SKHY-PERP and LITE-PERP stock perpetual contract markets will be available starting at that

According to BlockBeats, trade.xyz launched stock futures for Changxin Technology (ticker: CXMT) on July 15, with the contract trading at $7.20 as of publication time, representing approximately 6x premium over the traditional market IPO price of 8.66 yuan per share. The CXMT futures contract

According to top investor James Foord, SK Hynix is the better investment choice between the two memory chipmakers. Ranked in the top 3% of stock professionals tracked by TipRanks, Foord highlighted SK Hynix's commanding market position, noting it holds 56% of the high-bandwidth memory (HBM) market c

China's overnight SHIBOR rose 0.35 basis points to 1.3925%, while the 7-day SHIBOR climbed 2.15 basis points to 1.4235%. The 3-month SHIBOR edged up 0.01 basis points to 1.4300%.

According to Jin10, on July 15, Japan's government is encouraging pension funds and individual investors to increase allocation to domestic markets, aiming to support Japanese bonds and the yen in the long term.

“Hangzhou Six Little Dragons”’s first listed company, Group Nucleus Technology, saw its shares fall 2.64% to HK$8.84 on July 14, after dropping sharply by more than 80% from its all-time high of HK$48.5. The real test comes on October 16—when the 6-month lock-up period for the controlling shareholder and cornerstone investors expires, nearly 1.6 billion shares (92.64% of the total issued share capital) will be released to the market. The massive unlocking pressure puts the stock price on the bri

According to Trader T, Ethereum spot ETFs recorded net inflows of $58.4 million yesterday (July 14), with BlackRock's ETHA contributing $58.34 million. BlackRock's staking-focused ETHB saw minor inflows of $0.6 million, while other funds recorded zero net flows.

According to BizWatch, South Korea's Financial Services Commission canceled an emergency meeting scheduled with major asset managers on July 14 to discuss single-stock leveraged ETFs, citing policy uncertainty. The move signals regulatory hesitation over 13 trillion won in leveraged ETF assets.

According to Morgan Stanley's July 14 investor presentation, NTT Global Data Centers' order backlog reached $20 billion, equivalent to 7.7 years of revenue. The third-largest global data center operator achieved this backlog despite ranking behind Amazon and Microsoft, reflecting surging demand

According to South Korea's Financial Services Commission, the agency plans to launch Korea Premium Week by end of September to attract overseas investors and promising companies to domestic capital markets. The FSC will expand access to the KOSDAQ market for innovative enterprises while

According to Goldman Sachs, Brent crude oil prices could exceed $110 per barrel in Q4 2026 if the recovery of crude oil exports from the Gulf region continues to stall and production increases are delayed.

According to Bank of America equity strategist Savita Subramanian on July 14, the S&P 500 is expected to post 22% earnings-per-share (EPS) growth in the second quarter, following a 27% surge in the first quarter. Despite high expectations, there are no signs of slowing earnings momentum, Subramanian

Private equity fund operators in South Korea are adopting a cautious stance toward AI and semiconductor sector investments despite surging market interest, citing elevated valuations and concerns about potential peak-out scenarios. The caution centers on large-scale buyout deals that require

South Korea's Financial Services Commission (FSC) announced on the 15th that investors who are not allocated shares in initial public offerings (IPOs) will receive interest on their subscription deposits, alongside planned reductions in margin loan rates. FSC Chairman Lee Eok-won stated in a

Three major Korean securities firms issued bullish stock analysis reports on July 15 morning, raising price targets for KT&G, Hanwha Aerospace, and Korean Air. Hana Securities upgraded KT&G's target price to 210,000 won citing strong domestic tobacco demand and favorable exchange rate effects. Korea

According to Herald Biz, Korean private equity fund managers are adopting a more cautious stance on AI and semiconductor sector investments, citing overvaluation concerns and uncertainty over exit timing. Despite strong interest in the sector, PEF operators cite growing valuation gaps between