Global TradFi & Macroeconomics

According to DataGuide, on July 12, Shinhan Asset Management's Semiconductor Advanced Process ETF recorded year-to-date returns of 88.70% as of July 9. The fund's six-month and one-year performances reached 77.74% and 154.32%, respectively. The ETF focuses exclusively on South Korea's advanced

US President Donald Trump declared the end of a ceasefire with Iran on July 8 ahead of a NATO summit, one day after US forces struck Iran again. Bond and commodity markets reacted immediately: the US 10-year Treasury yield climbed to 4.58%, rising 0.1 percentage points for the week, while Brent

On July 8, President Donald Trump declared the ceasefire with Iran had ended, and the U.S. Treasury Department withdrew its previous approval for Iranian oil sales, advancing the deadline from August 21 to July 17. The move followed a memorandum of understanding signed on June 17 that aimed to end a

According to Jin10, Wealthfront ETF Jiahe issued a risk alert on July 12 regarding significant trading premium in its secondary market shares. As of July 10, the closing price reached 2.053 yuan, while the fund's net asset value per share stood at 1.8948 yuan, representing a premium of

JP Morgan acquired stakes exceeding 5% in four KOSDAQ-listed Korean materials, parts, and equipment companies between May 3-7, according to disclosures filed May 9-10 with Korea's Financial Supervisory Service. The US investment bank now holds 5.11% of Reno Industrial, 5.13% of TLB, 5.15% of MK

According to Seoul Economia, SK Hynix's American Depositary Shares (ADS) debuted on Nasdaq on July 10, closing at $168.49, up 13.1% from the $149 IPO price. The ADS traded 16.2% higher than SK Hynix's Korean exchange closing price of 2.18 million won, highlighting a significant U.S. premium.

According to South Korea's Financial Supervisory Service disclosures, JP Morgan acquired stakes of 5% or more in four KOSDAQ-listed small materials, parts and equipment companies on July 9-10, with a total valuation of approximately 381.1 billion won as of July 10. The U.S. bank now holds 5.11% in

According to China Central Television, Iran announced on July 11 that it closed the Strait of Hormuz again, prompting a sharp decline in commercial shipping traffic. Data tracked by shipping monitors showed that only 11 commercial vessels transited the strait in the past 24 hours, including 8

Leveraged funds reduced their net short position in the Japanese yen by 33,587 contracts to -104,231 contracts as of July 7, marking the largest decrease in approximately two years since August 2024, according to the US Commodity Futures Trading Commission (CFTC). Fed Chair Kevin Wash is scheduled t

Fed Chair Kevin Warsh will deliver his first congressional testimony since taking office, appearing before the House Financial Services Committee on July 14 at 10 AM and the Senate Banking Committee on July 15 at 10 AM for semi-annual monetary policy reports. Both testimonies will occur 90 minutes a

According to CFTC data as of July 7, leveraged funds' yen net short position fell to -104,231 contracts, the largest reduction in nearly two years. The position decreased by 33,587 contracts from the prior week, signaling a potential weakening of speculative yen shorting bets. This week brings

Democratic Party lawmaker Lee So-young announced on the 9th the acceleration of the 'PBR 0.8x Law' (Inheritance and Gift Tax Act amendment) aimed at preventing stock price suppression, revealing plans to reflect the bill in the government's tax reform plan to be announced at the end of this month an

According to ruling party lawmaker Lee So-young, on July 9, the PBR 0.8 times inheritance tax reform bill accelerated its path through South Korea's parliament. The bill, first proposed in May 2025, aims to prevent large shareholders from deliberately suppressing stock prices to reduce inheritance t

According to Barron's, WD-40 (WDFC-US) surged nearly 11% on Friday, July 10, after the home and cleaning products manufacturer delivered strong third-quarter results. Q3 revenue climbed 24% year-over-year to $195.1 million, significantly outpacing analyst expectations of $172.8 million, while

According to Egypt's Central Bank, net foreign direct investment inflows for the July-March period of fiscal year 2025/26 reached $13 billion, compared with $9.8 billion in the same period of the previous year.

The KOSPI market experienced a 24.7% decline from its recent high of 9385 to a low of 7063, with 89% of KOSPI200 constituent stocks falling more than 30% from their yearly peaks, according to Korea Exchange data released July 12. Hana Securities analysis identified the upcoming US June Consumer

According to Korea Exchange, South Korea's KOSPI index fell 24.7% from its peak of 9385 to 7063 today (July 12), marking its sharpest decline outside periods of global financial crises or major policy shifts. The correction severity is underscored by data showing 89% of KOSPI 200 component stocks ha

According to the Korean Exchange, as of July 12, nine out of ten KOSPI 200 constituent stocks have declined more than 30% from their year-to-date highs, indicating that South Korea's domestic market correction has reached a severity level exceeding previous major downturns. If U.S. consumer price i

According to Jin10, on July 12, Western Gold announced that its controlling shareholder, Xinjiang Nonferrous Metals Industry Group, plans to merge with Xinjiang Geology and Minerals Investment Group. The merger will not materially impact the company's operations, and the ultimate controlling shareho

According to South Korea's Ministry of Oceans and Fisheries, the country's 13th tanker safely passed through the Red Sea on July 12 and is currently transporting Saudi Arabian crude oil back to South Korea. The ministry