Global TradFi & Macroeconomics

US President Donald Trump announced on the 13th (local time) that he would impose a 20% fee on all cargo passing through the Strait of Hormuz to recover costs of providing military protection to vessels using the waterway. Industry experts and shipping operators told the New York Times that the

Barclays forecasts the Bank of Korea will unanimously raise its base rate by 25 basis points at the July monetary policy meeting. Barclays economist Son Bum-gi stated this decision is appropriate given that second-quarter headline and core inflation rates exceeded the BOK's forecasts by 10 basis poi

Physical AI-themed ETFs in Korea recorded double-digit negative returns over the recent one month, driven by a 30% decline in Hyundai Motor stock. As of the 14th, ACE K휴머노이드로봇산업TOP2+ ETF posted a -34.67% return for the recent one month, according to KOSCOM ETF CHECK. The decline reflects market

According to Koscom ETF CHECK as of July 14, physical AI-themed exchange-traded funds suffered significant losses, with one-month returns dropping to as low as -34.67%. The ACE K Humanoid Robot Industry Top 2+ ETF recorded -34.67% returns, while other physical AI funds tracking Hyundai Motor saw

According to Jin10, Huashun Petroleum announced on July 14 that it expects net profit attributable to shareholders for the first half of 2026 to reach 68-88 million yuan, representing a year-over-year increase of 384.02%-526.38%. The company attributed the profit surge to geopolitical tensions that

According to reports published on July 14, South Korean brokers including Mirae Asset Securities, Hyundai Securities, and Korea Investment & Securities downgraded SK Hynix's second-quarter operating profit estimates. Mirae Asset cut its forecast by approximately 12% to 62.3

The U.S. Treasury paid $81 billion in tariff refunds this fiscal year, up from $5 billion a year earlier, after the Supreme Court struck down Trump's tariffs in a 6-3 February ruling. The court found Trump exceeded his authority by using the International Emergency Economic Powers Act (IEEPA) to

According to Treasury data reported by Agence France-Presse, U.S. tariff refunds totaled $81 billion in the fiscal year ending July 2026, up from $5 billion the previous year. The surge followed the Supreme Court's 6-3 decision in February that found Trump exceeded his authority by using the

According to Kuang-Guang Pan, head of investment strategy and research at Fubon Bank (Hong Kong), U.S. stocks are expected to reach new highs by year-end as technology giants increase semiconductor investments to boost profitability. The Hong Kong stock market, which mirrors similar sectors as the U

According to Bit.com, storage sector stocks rose during pre-market trading on July 14. SanDisk (SNDK.O) gained 4.3%, Micron Technology (MU.O) climbed 3%, while Western Digital (WDC.O) and Seagate Technology each advanced more

Samsung Electronics is in early stage discussions about issuing American Depositary Receipts (ADR) for a potential US listing, according to Bloomberg. The company recently held preliminary talks with investment banks but has not made a final decision, according to multiple sources familiar with

According to Jin10, multiple foreign exchange options on EUR, JPY, CAD and other currency pairs with notional values exceeding $1 billion each are set to expire on July 14 at 22:00 Beijing time (UTC+8). Market participants are advised to manage associated

According to Morgan Stanley's podcast 'Hard Lessons,' Jean-Eric Salata, Asia chairman of global private equity firm EQT Partners, shared on July 13 his core investment philosophy: maintaining an 'infinite mindset' and 'healthy paranoia' to sustain long-term returns. He emphasized that success in

According to Jin10 Futures, as of 4 p.m. on July 14, the CFETS-NEX RMB liquidity sentiment index stood at 50, down 3 points from 1:30 p.m. Among institutions, the index for major banks, mid-size banks, and non-bank entities reported 49, 51, and 49 respectively, declining 3, 4, and 3 points. An index

According to Iran's SNN news agency, an Iranian military spokesman stated today that the Strait of Hormuz will not be opened due to U.S. aggression and war.

According to analyst Matthew Weller cited by Jin10, traders and economists expect the U.S. CPI monthly rate to record its first negative growth in over a year on July 14. Energy prices have fallen sharply following the partial reopening of the Strait of Hormuz in late June, while the lagging

Individual investors in South Korea net purchased $87.63 million in US stocks over nine trading days in July, according to Korea Securities Depository data released on July 14. The shift follows extreme volatility in the domestic KOSPI market, which triggered 35 sidecar mechanisms and seven

Individual investors in South Korea net purchased 13.4585 trillion won of Samsung Electronics and SK Hynix stocks during the 10 trading days from July 1 to July 14, despite both stocks declining approximately 19-25% from early June levels. This buying volume is only 1% lower than the 13.6513 trillio

According to its announcement, Chinese New Hope Co. forecasted a net loss of RMB 1.6–1.8 billion for H1 2026, down from a profit of RMB 755 million in the same period last year. The company's hog farming operations faced margin pressure as livestock prices declined faster than production costs

According to the London Metal Exchange, copper inventory fell 1,675 tonnes, tin declined 115 tonnes, nickel remained unchanged, zinc dropped 825 tonnes, lead increased 80,700 tonnes, and aluminum fell 1,625 tonnes on