Global TradFi & Macroeconomics

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

Xiaomi (01810-HK) shares have fallen more than 57% since their June 2025 peak, with market value evaporating by nearly a trillion Hong Kong dollars. In Q1 2026, Xiaomi’s global smartphone shipments fell 19.2% year over year; the decline was 35% in the China market, pushing it out of the top five handset makers. Its smartphone gross margin shrank to 10.1% as memory chip costs rose 80% to 100%, hitting a two-year low. Xiaomi’s Auto Strategy Shift: From Pure EV to Range-Extended SUVs Xiaomi’s produ

On Friday, SK Group Chairman Choi Tae-won said at a forum hosted by the Korea Chamber of Commerce that storage chip demand is growing exponentially, explaining why SK Hynix and Samsung Electronics stock prices have surged since last year. When asked about recent stock declines, he noted that share p

According to Jin10, China's gold jewelry prices continued to decline on July 17, with prices dropping approximately 14 yuan per gram. Multiple domestic brands are quoting gold jewelry at 1,215 yuan per gram.

Morgan Stanley identified eight US stocks expected to deliver earnings surprises as the second quarter earnings season begins the third week of July. The investment bank selected these companies from its 'Overweight' rated holdings, anticipating they will exceed market expectations with their earnin

According to Morgan Stanley, as second-quarter earnings season begins this week (July 21-25), the firm identified eight stocks likely to deliver earnings surprises among its overweight-rated positions. The analysis reflects a market shift from AI-driven growth expectations to earnings performance, w

According to Bloomberg ETF analyst Eric Balchunas, T. Rowe Price launched TKNZ, the first multi-token active spot crypto ETF, today with a 75 basis point fee and $15 million in initial assets. The fund's holdings are underweight Bitcoin at 40.75% and overweight most altcoins: Ethereum 18.42%,

According to Odaily, Robinhood has filed an application with the SEC to establish the Robinhood Employee Fund (LP), which would allow employees to pool their capital for joint investments in stocks, real estate, and other assets. The company is requesting the SEC to grant it exemptions from most

According to reports, CBOT wheat fell on Friday (July 17) but is on track to record gains for a third consecutive week, supported by supply concerns in the Black Sea region. Ukraine's infrastructure damage has disrupted exports and closed the Strait of Kerch, while deteriorating crop conditions in t

Gate News: According to an official Gate announcement, Gate ETF will launch multiple new 3x ETFs. The newly listed trading pairs include TSM3L/3S (TSMC), EWY3L/3S (iShares MSCI Korea ETF), and DRAM3L/3S (LSEG Storage Chips ETF). Trading will open on July 17, 2026 at 15:00 (UTC+8), with an initial Net Asset Value (NAV) of 1 USDT. Gate ETF is a trading product with built-in leverage and an automatic rebalancing mechanism. Users do not need to pay margin; by simply buying and selling crypto, they c

CEO Elon Musk announced Thursday evening (July 16) that SpaceX canceled Starship's 13th test flight after multiple engines failed to start during the 90-minute launch window. Musk stated on X that the company would replace two Raptor engines and target next week for the next attempt. SpaceX stock

According to China's State Administration of Foreign Exchange (SAFE), China's foreign debt structure continued to optimize as of the end of Q1 2026. Renminbi-denominated foreign debt accounted for 55% of total external debt, up 10 percentage points from end-2022, while medium and long-term foreign d

Reuters reported on July 17 that insiders said Stripe and Advent International have made an offer to acquire PayPal shares for about $53 billion, valuing the offer at $60.50 per share. The PayPal board preliminarily believes that while the offer represents a premium to the company’s recent share price, it undervalues PayPal and faces dual hurdles related to both regulation and financing. PayPal Board’s stance on the $53 billion acquisition bid Insiders said the PayPal board preliminarily believe