Global TradFi & Macroeconomics

The Depository Trust & Clearing Corporation (DTCC) completed its first batch of tokenized securities live trading on July 15, with pilot assets covering tokenized stocks, ETFs, and U.S. Treasuries. Participating institutions include JPMorgan, Goldman Sachs, BlackRock, Vanguard, and CME Group. Overall, there are more than 20 participating institutions, and some reports indicate that ecosystem cooperation partners number more than 40. DTCC has announced plans to roll out tokenized services more br

South Korea's Central Bank Governor Shin Hyun-sung stated that the bank could have raised interest rates in May but decided against action due to insufficient data.

According to Korean securities analysts, President Lee Jae-myung is pushing for expedited passage of the Anti-Stock-Price-Suppression Act (inheritance and gift tax amendment), with companies trading below 0.8x price-to-book ratio (PBR) representing nearly half of South Korea's listed firms. The secu

According to the Korea Exchange on July 16, the KOSPI market's circuit breaker mechanism has been activated 37 times so far in 2026, accounting for approximately 40% of all historical triggers. The frequency has intensified, with activations occurring roughly once every two trading days in June

According to Citigroup on July 16, the investment bank cut Microsoft's price target from $620 to $570, citing pressure from artificial intelligence infrastructure spending on near-term free cash flow and profit margins, while maintaining a buy rating. The bank noted that capital expenditures for

According to Korea Exchange, SK Hynix inverse ETF daily trading volume reached approximately 21 times its listed shares on July 15, as Samsung Electronics and SK Hynix stocks experienced sharp swings. The inverse products showed dramatically increased turnover despite smaller assets under

According to Goldman Sachs analyst James Yaro, on July 16, the firm raised its price target for Robinhood (HOOD) to $137 from $121 while maintaining a "Buy" rating.

SpaceX (SPCX) stock briefly touched $132.75 during intraday trading on July 15, marking a new low since listing. It fell below its $135 IPO issue price for the first time; it closed at $135.27. This was 33 trading days since it listed on June 12, 2026. SPCX’s market cap shrank from nearly $3 trillion in the early days of listing to about $1.8 trillion. SpaceX Stock Listing Price Trajectory and Market Cap Evolution SPCX opened at $150 on June 12, 2026. Four trading days later, on June 16, it brie

According to Herald Economics analysis on July 16, South Korea's KOSPI index has decoupled from the U.S. S&P 500, with their monthly correlation coefficient dropping to just 0.025 as of this month, down from 0.5 in February. Conversely, KOSPI moves in sync with the Philadelphia Semiconductor

Bank of Korea Governor Shin Hyun-sung stated today that he does not agree with the view that the interest rate hike will exacerbate stock market volatility.

The Korean Composite Stock Price Index (KOSPI) opened sharply lower on July 16. As of 9:00 a.m., it stood at 6,953.49 points, down 330.92 points (4.54%) from the previous day. Overnight, the U.S. Philadelphia Semiconductor Index closed down by about 2%, and SK Hynix’s American depositary receipt (ADR) fell 9% (-$17.46) to $176.46, becoming the direct external trigger for this round of declines in South Korean semiconductor stocks. KOSPI and KOSDAQ July 16 Opening Quotes and Net Buy/Sell Data for

Counterpoint Research, IDC, and Omdia estimated Q2 smartphone shipments declined due to AI-driven memory shortages, with Counterpoint projecting an 11% year-over-year drop — the worst Q2 performance in 13 years. Senior analyst Silpi Jain at Counterpoint stated the global memory shortage

Federal Reserve Chair Kevin Warsh faces potential credibility damage if he fails to control inflation driven by artificial intelligence-related spending, according to CNBC reporting on the 15th (local time). The assessment follows Fed Governor Lisa Cook's speech on the 15th identifying AI

Korean stock markets recorded sharp losses on the morning of the 16th, with the KOSPI index down 7.06% to 6770.2 and the KOSDAQ index down 4.71% to 790.36 as of 11:20 AM. Both markets triggered sell sidecars during the session, reflecting heightened volatility. The KOSPI opened at 6960.50, down 323.

According to a CNBC interview on July 15, Warren Buffett, CEO of Berkshire Hathaway, called Kevin Walsh's appointment as Federal Reserve chair a "good choice." Buffett said he believes Walsh will do his best to maintain 2% inflation and achieve maximum employment as mandated. However, when asked

Sixteen Korean listed companies returned to penny stock status despite completing stock consolidations, according to Financial Supervisory Service data released on the 16th. These companies represent 10.95% of the 146 firms that completed consolidations since February 12, when authorities first

The USD/KRW exchange rate traded at 1,485.70 won as of 09:17 on July 16th, up 1.00 won from the previous Seoul close of 1,484.70 won. The rate fell 1.30 won from the New York close of 1,487.00 won. The exchange rate remained pressured by dollar supply dominance and expectations for a Bank of

According to Hyperinsight, a whale (0x8af...) accumulated long positions in SK Hynix (SKHX) on July 15 afternoon near $1,440, with a total of 8.616 million dollars at an average entry price of $1,439.91. The token subsequently plummeted, falling to around $1,237 as of July 16, representing a 14%

According to the Financial Supervisory Service, 16 of 146 South Korean listed companies that completed share consolidations since February 12 have fallen back to trading below 1,000 Korean won as of July 15, a 10.9% failure rate. Wonpoong Materials, which executed a 2:1 consolidation on May 12,