Global TradFi & Macroeconomics

Daesin Securities economist Lee Jung-hoon forecasts the USD-KRW exchange rate will move within a 1,460 to 1,560 won range by year-end as won weakness passes its short-term peak. The projection comes as dollar strength momentum slows in the second half and foreign investor selling conditions in

According to Mohamed El-Erian, Allianz chief economist, weekend clashes between the United States and Iran have intensified, testing the market consensus that a full-scale military conflict will not occur. On July 12, El-Erian said on X that the recent escalation could shake existing market

The USD Index rose to 101.12 today (July 13), gaining 0.16% intraday.

According to BlockBeats, on July 13, Jefferies raised its price target for Moderna (MRNA.O) to $60 from $53.

According to KIS Semicon analyst Minsook Chae, SK Hynix's second-quarter 2026 operating profit is projected at 6.04 trillion Korean won, up 61% quarter-over-quarter and 556% year-over-year, though 8% below market consensus of 6.5 trillion won. The analyst attributed the downward revision to SK Hynix

According to News 1, South Korea's KOSPI index fell 525.01 points to 6,950.93 today (July 13), representing a 7.02% decline and marking its first breach of the 6,000 level in 48 trading days since May 4. Semiconductor stocks led the selloff, with SK Hynix and SK Telecom each dropping 12%, while

According to Taiwan Economic Daily, TSMC plans to raise mature-process wafer foundry prices starting January 2027. Despite the price increase, IC design companies said they will continue negotiating with TSMC to secure more production capacity for next year to support business

According to BMO Capital Markets, Federal Reserve Chair Kevin Wash is set to testify before Congress on Tuesday and Wednesday, with investors monitoring inflation data and details on his reform agenda. The Fed previously announced appointments for five working groups tasked with evaluating Fed

According to Taiwan media Commercial Times, Tainan Science Park Phase 2, spanning approximately 90 hectares, held its groundbreaking ceremony on July 12. The project will be led by TSMC to develop an advanced packaging industrial cluster. TSMC's CoWoS advanced packaging facility at Phase 1 began

Apple (蘋果) has officially filed a lawsuit with the U.S. Federal District Court for the District of California, accusing OpenAI of misappropriating trade secrets and breaching a contract. The complaint names current OpenAI Hardware Lead Tang Yew Tan and former Apple senior system electrical engineer Chang Liu. According to The New York Times, OpenAI has leaned toward postponing its IPO to 2027. Specific allegations against Tang Yew Tan: probing with confidential code names and downloading files w

Hong Kong stocks exhibited volatile intraday trading, with the Hang Seng Index opening down 17 points before reversing course to rise as much as 274 points, reaching a high of 24449 points. The index encountered selling pressure near the 24500 level and subsequently turned negative, falling as much

According to BIT trading data, the U.S. stock storage sector fell overnight on July 13. SanDisk (SNDK) declined 5.09%, Micron Technology (MU) fell 4.96%, Western Digital (WDC) dropped 4.39%, and Seagate Technology (STX)

According to reports confirmed by JPMorgan Chase, the bank has recruited Benjamin Seto from Citigroup and Gary Lam from China Merchants Securities as Hong Kong IPO sponsors. Both join the bank's Hong Kong IPO and corporate finance team reporting to Nelly Pai. Both are licensed professionals

Sellas Life Sciences and MoonLake Immunotherapeutics emerged as leading retail trader candidates for potential acquisition by Merck & Co. following the drugmaker's Friday FDA approval for its flagship cancer drug

According to Stocktwits sentiment data as of July 12, retail traders are actively betting on Sellas Life Sciences (SLS) and MoonLake Immunotherapeutics (MLTX) as potential acquisition targets for Merck & Co. (MRK) as the drugmaker prepares for the approaching loss of exclusivity for its flagship

According to a senior SK Hynix executive, the company confirmed it is positively reviewing investment in Korean government bonds on July 10 (local time) in New York. The semiconductor manufacturer has already purchased approximately 20 trillion won in credit bonds this year and is expected to

According to Jin10, offshore yuan Hong Kong interbank offered rates (CNH HIBOR) mostly rose on July 13. The overnight HIBOR increased by 1 basis point to 1.43485%, marking its highest level since July 3. The one-week rate held steady at 1.45000%, the two-week rate fell to 1.46394%, and the

Fast-fashion giant Shein Group Ltd. has obtained approval from Chinese regulators to conduct its first public offering (IPO) in Hong Kong, planning to sell up to 341.6 million H shares; however, an unconfirmed timeline for listing is still not available. In terms of valuation, Shein’s valuation four years ago had reached as high as $100 billion, but it has since fallen to about $30 billion, a drop of more than 70%. Key terms of Shein’s Hong Kong IPO: Chinese regulatory approval and an as-yet und