Global TradFi & Macroeconomics

The Bank of Korea raised its benchmark interest rate in July, entering an active tightening cycle for the first time in 3.5 years. Market focus has shifted from whether to pursue additional hikes to when they will occur. Fourteen major institutions support continued tightening, with domestic

Power-related stocks sparked the hottest IPO frenzy of the century in the first half of 2026. According to Dealogic statistics, global energy-sector listings raised $12.6 billion in the first half of this year, setting the highest half-year record since the 1999 dot-com bubble peak. The core driving force is electricity-supply anxiety for AI data centers. H1 2026 Energy Sector IPO Size: Dealogic Tracks $12.6 Billion According to data firm Dealogic, in the first half of 2026, global energy-sector

According to sources, JERA, Japan's largest power company, has begun exploring the possibility of a U.S. listing.

According to Bank of America analyst Vivek Arya, on July 17, BofA raised AMD's price target from $550 to $620 and maintained a Buy rating, citing strong AI server demand and improved supply visibility. The bank expects AMD's

Last month, India eliminated taxation on overseas bond investors, clearing a key regulatory barrier toward inclusion in the Bloomberg Global Aggregate Bond Index. The policy shift has triggered increased interest from foreign investors in Indian government bonds, particularly as they reduce

According to Jin10, overnight Hong Kong interbank offered rate (HIBOR) fell 1 basis point to 1.43303% on Friday, July 17, reaching a one-week low. Other tenors remained relatively stable, with the one-week HIBOR flat at 1.45000%, the two-week HIBOR edging up to 1.47121%, and the one-year HIBOR

Microsoft (MSFT) shares rose 1.8% to $402.70 on July 16, extending Wednesday’s 2.8% gain. Over two days, the cumulative increase reached 4.6%, adding about $132 billion based on the latest market cap. In Microsoft’s third fiscal quarter, Azure revenue grew 40%, and annualized AI revenue exceeded $37 billion (up 123% year over year). Nasdaq closes weaker as Microsoft climbs against the trend, up 1.8% Microsoft shares rose 1.8% to $402.70 during Thursday afternoon trading. The stock moved higher a

According to Odaily, Australia will reform its capital gains tax system, scrapping the 50% discount for assets held over 12 months from July 1, 2027. The reform affects equities, property, and cryptocurrencies. The new system introduces cost base indexation—adjusting purchase prices for inflation—an

According to Forbes on July 17, Australia has passed the 2026 Treasury Laws Amendment (Tax Reform No. 1), which will eliminate the 50% capital gains tax (CGT) discount for assets held longer than 12 months, starting July 1, 2027. This applies to all asset classes, including stocks, real estate, and cryptocurrencies, representing Australia’s most significant capital gains tax reform in the past 25 years. Australia to eliminate the 50% capital gains tax discount from July 2027 Under the 2026 Treas

Netflix (NFLX) stock tumbled overnight Thursday as the company's fiscal third-quarter guidance fell short of analyst expectations, with projected earnings of $0.82 per share and revenue of $12.86 billion missing estimates of $0.84 per share and $13 billion. During the fiscal second-quarter earnings

Netflix stock tumbled 8% overnight Thursday after the company posted Q2 results in line with expectations but offered Q3 and fiscal 2026 guidance that missed analyst estimates. The company guided for Q3 earnings of $0.82 per share and revenue of $12.86 billion, below consensus expectations of $0.84

According to China's State Administration of Foreign Exchange (SAFE) Deputy Director Li Bin, the regulator cracked down on illegal foreign exchange activities including underground money operations in the first half of 2026. SAFE handled over 300 cases and imposed penalties and confiscations

Gate News reports that, according to a recent official market announcement, CRDU (2x long CRDO daily ETF), IREZ (2x short IREN daily ETF), and SNDQ (2x short SanDisk ETF) will complete their stock split and reverse split operations. Gate will simultaneously support and assist with implementing this adjustment. CRDU will undergo a stock split with a ratio of 1:4; IREZ and SNDQ will undergo reverse splits with ratios of 3:1 and 10:1, respectively. At 14:00 on July 21, 2026 (UTC+8), trading for CRD

Seoul's foreign exchange market operated normally on Constitution Day morning as South Korea's new 24-hour forex trading system faced its first public holiday test. Two bank staff arrived at 6 AM to maintain dollar-won trading from 6 AM to 6 AM the following day, with the time-weighted average rate

On July 17, independent analyst Ed Zitron warned that an OpenAI collapse would trigger a market crash similar to the 2008 Lehman Brothers meltdown, as the AI company prepares for a significant IPO. According to Zitron, who is skeptical of AI industry claims, OpenAI is the primary reason investors fo

According to Guru Club, on July 17, SHIBOR (Shanghai Interbank Offered Rate) rates moved in different directions. The overnight rate rose to 1.3971%, up 0.81 basis points. The 7-day rate fell to 1.4350%, down 0.5 basis points. The 3-month rate remained flat at 1.4300%.

South Korea's 24-hour foreign exchange market conducted its first trading session on a public holiday on July 17 (Constitution Day), according to market participants. The Korean won opened at 1,481 per U.S. dollar at 9 a.m. and continued trading through the following morning at 6 a.m., with the

Kioxia (Kaischi) shares fell sharply 13.09% at the open on July 17, and were last at 53,980 yen. That is down more than 52% from the all-time high of 108,600 yen set in mid-June. The company’s market value has evaporated by at least $185 billion, slipping from Japan’s No. 1 to No. 4 by market cap. In mid-June, Kioxia shares jumped past Toyota Motor to become Japan’s highest market-cap company. Kioxia shares slide from their peak to 53,980 yen Kioxia is a major Japanese NAND flash memory manufact

According to Trivariate Research, Micron fell 5.65% this week, with shares down approximately 30% from their June 22 high, amid concerns that memory chip prices may be topping out. However, the research firm argues the stock remains undervalued, calling Micron "the most important stock in the

According to Korea Exchange, on July 17, all top 10 ETF performers for the month were inverse products, with positions betting on declining KOSPI futures and semiconductor stocks leading the rankings. Leveraged inverse ETFs, which track twice the inverse daily performance of underlying indices or st