Global TradFi & Macroeconomics

According to CCTV, on July 12, Iran's Islamic Revolution Guard Corps Navy announced the closure of the Strait of Hormuz, citing foreign intervention as the cause. The announcement followed the issuance of warning shots against a vessel that deviated from approved shipping lanes and ignored Iranian w

According to Morgan Stanley's strategy team, on July 6, the firm released a report indicating that semiconductor stocks have pulled back in recent weeks, with the Philadelphia Semiconductor Index up 78% year-to-date but down sharply over the past two weeks. The report notes that large-scale cloud se

Agricultural commodity exchange-traded notes posted gains of 6% to 9% month-to-date through May 10, led by the Meritz Leveraged Representative Agricultural Commodity Futures ETN(H) which rose 9.12% to close at 10,230 won, according to Korea Exchange data. The rally was driven by forecasts of a

According to Korea Exchange, Meritz Leveraged Agricultural ETN rose 9.1% through July 10, significantly outperforming South Korea's benchmark equity index, which fell 11.8% over the same period. Individual commodity ETNs tracking wheat, corn, and soybeans also climbed 5.9% to 8.8%. The gains

According to Korea Financial Investment Association, South Korea's stock market has experienced a sharp increase in large-scale forced liquidations following the launch of leverage ETF products for Samsung Electronics and SK Hynix. The leverage products have amplified market volatility, triggering m

According to E Daily, SK Hynix ADR closed at $168.01 on July 10 (first trading day on Nasdaq), up 12.76% from the IPO price of $149. The ADR's closing price converts to approximately 2.532 million Korean

According to SK Hynix CEO Kwak Noh-jung on Friday, the global memory industry will face its worst supply shortage in history in 2027, with customer demand expected to exceed the company's supply capacity continuing through 2030 and beyond. The executive cited sustained surge in artificial

According to The Motley Fool, Nvidia's stock has climbed only about 5% so far this year as of July 7, a sharp contrast to its meteoric gains over the past two years. Analysts attribute the modest performance to valuation compression rather than weakening fundamentals. The data center division, the c

On July 7, Tiangong International's indirect subsidiary Jiangsu Tiangong Cemented Carbide Technology officially launched an expansion project targeting annual production of 300 tons of ultra-fine-grain PCB tool billets, 100 million PCB end mills, and 300 million PCB drill

EcoPro BM announced on the 12th that the EcoPro Group acquired a stake in Indonesia's BNSI (Bahodopi Nickel Smelting Indonesia) smelter to respond to Indonesia's offshore regulations. The investment secures a total of 65,000 tons per year of nickel supply rights, sufficient to produce

According to Yonhapinfomax, EcoPro BM acquired a stake in Indonesia's BNSI (Bahodopi Nickel Smelting Indonesia) nickel smelter on July 12, with the EcoPro Group investing 1.5 trillion Korean won in the second phase of the project. The investment brings the group's total annual nickel supply

The Korean stock market is expected to continue volatility in the upcoming week amid verification of semiconductor peak-out concerns, according to NH Investment & Securities on July 12. Securities firms have lowered outlooks on Samsung Electronics and SK Hynix, yet the KOSPI's forward

According to Edaily, South Korea's KOSPI index fell 11% on July 12 as semiconductor giants Samsung Electronics and SK Hynix declined. While large-cap semiconductor stocks weighed on the index, mid-cap stocks and defensive sectors such as entertainment, leisure, and banking stocks rose, reflecting a

According to the Fair Trade Commission statement, on July 9, Mirae Asset Consulting was approved to acquire a 92.06% stake in Cobit cryptocurrency exchange for approximately 133.4 billion won. The regulator found no significant risk of market competition restrictions, noting that Cobit holds

KOSDAQ-listed companies are responding to stricter delisting criteria through stock consolidation, mergers, and capital increases this year. The Korea Exchange implemented new rules this month requiring stocks trading below 1,000 won for 30 consecutive days to be designated as watchlist stocks,

SK Hynix ADR debuted on Nasdaq on May 10 (local time), closing at $168.01, a 12.76% gain above the $149 IPO price and approximately 16% higher than the domestic share closing price of 2.18 million won when converted to Korean won. The premium reflects strong US investor demand for AI-related

South Korean retail investors net sold 493.3 billion won from domestic space industry ETFs between May 12 and June 10, following SpaceX's stock market debut on May 12 (local time). The outflows occurred after South Korean asset managers failed to secure SpaceX IPO shares for retail clients and the s

National Tax Service Commissioner Lim Gwang-hyun stated on July 12 that South Korea's tax revenue structure is excessively dependent on the semiconductor industry and a small number of large corporations, calling the creation of a Future Response Fund using surplus tax revenue essential. Lim made th

According to Jin10, Oman has notified the United States that Iran rejected proposed terms regarding the Strait of Hormuz. The diplomatic impasse prompted the U.S. to immediately resume sanctions and reinstate maritime blockade