Global TradFi & Macroeconomics

According to Guru Club, pure benzene futures hit the daily limit down on August 26, with the main contract declining 6% to 7,320 yuan/ton.

Bank of Korea's hawkish communication does not align with weaker domestic economic indicators compared to the 2021-2022 rapid rate hike cycle, according to a Barclays report released August 26. Economist Son Beom-ki stated that weak private consumption and declining real wages make a back-to-back Au

According to industry insiders, Tesla's Shanghai data center built for Full Self-Driving (FSD) expansion has been vacated and its team fully withdrawn as of August 25. The company removed China from its FSD Supervised global availability list on August 21, just three months after announcing FSD

According to China National Petroleum Corporation (CNPC), the Heihe-Daqing natural gas pipeline project commenced construction in Heilongjiang on August 26. Upon completion, the project will enhance the "northern gas to southern regions" transmission system's annual capacity by 10 billion cubic

The USD-KRW exchange rate dropped over 180 won in a two-month period, hitting a year-low on the 24th of this month at 1,376.50 won after peaking at 1,559.20 won on the 1st of the previous month. The sharp decline was driven by heavy dollar selling from exporters, offshore short positions, and month-

The US Treasury will ultimately need to issue short-term Treasury bills (T-bills) to fund long-term bond buybacks despite using cash from its General Account (TGA), according to BNY Mellon's US strategy head John Velis. In a report released on local time 25th, Velis stated that the Treasury's plan t

Hana Securities analyst Lee Kyung-soo stated in a report on the 26th that the August stock market rotation is a result of differentiation created by high interest rates rather than liquidity expansion. Capital flowing out from big tech companies with heavy capital expenditure burdens is creating a t

According to BNY Mellon strategist John Velis on August 25, the U.S. Treasury will ultimately need to issue short-term Treasury bills to fund long-dated debt buybacks, even as it draws down cash reserves. Velis noted that the Treasury's plan to maintain a cash balance of $8.5 billion by year-end

According to multiple brokers, the dollar-won spot rate (MAR, market average rate) in Seoul's foreign exchange market traded at par level early on August 26. NDF (non-deliverable forward) fixing positions were neutral, indicating that regional market participants faced balanced positions to settle a

According to CNBC, Stanley Druckenmiller, the Wall Street legend known as Treasury Secretary Scott Bessent's mentor, publicly criticized Bessent's bond market policy on August 25. In an op-ed titled "Let the Bond Market Speak," Druckenmiller warned that suppressing interest rates without fiscal

SK Innovation stocks plunged 14.64% to 106,700 won in early trading on the 26th after announcing a merger with subsidiary SK IE Technology (SKIET). The sharp decline followed a board decision the previous day to absorb the battery separator manufacturer. Investor concerns centered on shareholder

Bitcoin (BTC) briefly rose above $80k from August 24 to 25, driving spot trading volume at major cryptocurrency exchanges in India up by more than 20% overall. During this period, short liquidations across the global crypto market exceeded $4 billion, while U.S. spot Bitcoin ETFs recorded nearly $1.92 billion in net inflows. Traders cited U.S. Treasury Secretary Scott Bessent’s comments on long-term Treasury buybacks as the main driver of the rally. August Trading Volume Data for India’s Four Ma

The Indonesian rupiah (IDR) strengthened to 17,680 against the U.S. dollar in early trading today, marking its highest level since mid-June.

According to BlockBeats, Moderna saw shares surge 14.36% on August 26 after the biotech firm and Merck announced successful Phase III clinical trial results for intismeran autogene, their personalized mRNA cancer therapy for high-risk melanoma. Multiple analysts raised price targets, with Bank of