Global TradFi & Macroeconomics

According to Yonhap Infomax, USD/KRW 1-month contracts in New York's NDF market fell below 1,500 won on July 10 (NY time), closing at 1,498.20 won (MID). Bid was quoted at 1,498.00 won and ask at 1,498.40 won, down 1.95 won from Seoul's spot rate (1,501.40 won) on the previous trading day. Won

On Friday, major U.S. stock indexes closed higher on expectations of key semiconductor earnings. The Dow Jones Industrial Average rose 149.60 points (0.29%) to 52,637.01, while the S&P 500 gained 31.75 points (0.42%) to 7,575.39. Markets are eyeing upcoming results from companies including TSMC

Daishin Securities on July 13 raised its target price for SK Square stocks to 2.10 million won from 1.87 million won, citing the premium on SK Hynix's US depositary receipts and anticipated corporate value enhancement effects. The brokerage lowered the discount rate applied to net asset value

According to Daishin Securities on July 13, SK Square received an upgraded target price of 2.1 million won, up from 1.87 million won, reflecting expectations for SK Hynix American Depositary Receipt (ADR) premium and enhanced corporate value. The brokerage lowered the NAV discount rate applied to it

According to Asia Economy, South Korea's KOSPI index is expected to rebound on July 13 as investors await second-quarter earnings from major chipmakers including TSMC and ASML, alongside U.S. June inflation data. SK Hynix's American depositary receipts (ADRs) have gained traction recently among U.S.

According to E-Daily, Hoban Group expanded its stake in Hanjin Kal (180640) to 20.15% as of July 10, narrowing the gap with Jo Won-tae-affiliated shareholders to just 0.42 percentage points. The additional acquisition cost 128.9 billion Korean won. Since first acquiring Hanjin Kal shares in

According to Business Insider, CFRA Research analyst Keith Snyder maintains a sell rating on SpaceX with a $115 price target as of July 12 (local time), stating that the company's growth projections lack concrete evidence. Snyder noted that SpaceX's inclusion in the Nasdaq-100 index did not change h

According to SK Hynix CEO Guo Lu-zheng on July 10, the global memory chip industry is entering the most severe supply shortage in history, with 2027 expected to be the tightest supply year, extending beyond 2030. The company's ADR debuted on Nasdaq last Friday with a 12.76% gain, closing

LS Securities raised its target price for S-Oil to 140,000 won from 133,000 won on July 13, citing an extended period of strong earnings, but downgraded its investment rating from 'Buy' to 'Hold' due to recent stock price gains that have already reflected much of the positive outlook. Analyst Jung

According to LS Securities on July 13, the brokerage upgraded its price target for S-Oil (010950) to 140,000 Korean won from 133,000 won, citing solid earnings extending through next year. However, the firm simultaneously downgraded its investment rating to Hold from Buy, reflecting recent stock

KOSPI has passed its medium-term bottom following extreme declines, according to a Yuanta Securities report released on the 13th by researcher Kim Yong-gu. The Korean stock market's 12-month forward price-to-earnings ratio (PER) dropped to 6.8x as of the 10th — the second-lowest level since the 6.5x

According to ZhiTong Finance, Chengdu Zelynx Biotech's Hong Kong IPO prospectus, submitted on January 13, 2026, expired on July 13, 2026, after reaching its six-month validity limit. Jefferies and CICC served as joint sponsors. Zelynx Biotech is a late-stage clinical biotechnology company

According to Zhitong Caijing, Haidarida International Holdings Limited's Hong Kong IPO prospectus, filed on January 12, 2026, expired on July 12, 2026, after reaching its six-month validity period. JPMorgan Chase, China International Capital Corporation, and GF Securities served as joint sponsors

MBK Partners postponed the final bidding for Nexflex, a smartphone flexible copper clad laminate (FCCL) manufacturer, originally scheduled for the 10th. Deutsche Bank, the deal advisor, notified bidders last week of the postponement due to MBK Partners' internal situation, with the revised schedule

Samsung SDI is forecast to post an operating loss of 31.3 billion won on revenue of 3.6862 trillion won in Q2 2026, according to a July 13 compilation by Yonhap Infomax of estimates from seven major Korean securities firms issued within the past month. The loss represents a significant reduction fro

According to Zhitong Caijing, Shanghai ShengSheng Pharma Cold Chain Technology Co., Ltd.'s Hong Kong IPO prospectus, submitted on January 13, 2026, will expire tomorrow, July 13, 2026. China International Capital Corporation and Guojin Securities (Hong Kong) served as joint sponsors. The company pro

Small shareholders in South Korea demanded the introduction of 30-minute call auction trading for single-stock leveraged exchange-traded funds (ETFs) on the 13th, as these products face mounting pressure for delisting amid accusations of fueling market volatility. The ACT platform, representing

KOSPI has declined more than 20% from its peak, entering correction territory, as experts debate whether Korean stocks are overheated. The dispute centers on conflicting signals: valuation metrics like PER (8.7x) and PBR (2.7x) remain below global peers, yet economic indicators including narrowing y

According to Yonhap Infomax's compilation of earnings forecasts from seven major Korean brokers, Samsung SDI is expected to post an operating loss of 31.3 billion won in the second quarter of 2026, substantially narrower than 397.8 billion won in the same period last year and 155.6 billion won in th

According to reports, KOSPI declined more than 20% from recent highs as of July 8–9, sparking debate among analysts over whether the market is overheated. South Korea's benchmark index is trading at a price-to-earnings (PER) ratio of 8.7x, significantly below the S&P 500's 22.7x and Nasdaq's 29.2x,