Global TradFi & Macroeconomics

Software stocks and semiconductor stocks have diverged significantly in their price movements, with their correlation dropping to a record low of 0.17 from a historical average of 0.76 since 2002, according to Yahoo Finance reporting published on July 15. The breakdown reflects semiconductor

According to Yahoo Finance, on July 15, the correlation coefficient between software stocks (including IBM) and semiconductor stocks has plummeted to 0.17 from a historical average of 0.76 since 2002, marking the lowest level on record. The figure is derived from the 52-week correlation between

IngDan Innovation (stock code 00400) completed a strategic upgrade from an AI hardware distributor to a vertical AI Token factory operator. The company accumulated signed service orders exceeding USD 1 billion,

According to The Block, BlackRock CFO Martin Small outlined on July 16 a long-term vision to make the company's products natively available within digital wallets, allowing investors to access crypto assets, stablecoins, and traditional stocks and bonds without leaving their wallet. BlackRock

According to The Block, Benchmark reiterated its buy rating and $16 price target for Securitize (SECZ) on July 16, viewing the approximately 40% decline since listing completion as a result of SPAC investor composition shifts and price discovery, not fundamental deterioration. Analyst Mark Palmer st

According to ChainCatcher, SBI Group, DigiFT, and Startale Group have completed a joint proof of concept demonstrating the full lifecycle of tokenized securities using Japanese yen stablecoin JPYSC on Ethereum's test network. SBI Group and DigiFT are advancing the tokenization of the SBI Japan

Hanwha Solutions announced on the 16th that it sold its stake in a US venture capital fund for $84.3 million (approximately 125.5 billion KRW). The Korean stock-listed company divested the fund to supplement debt repayment funds after reducing its rights offering size. Hanwha Solutions faces

According to NextTrade, Samsung Electronics and SK Hynix saw shares decline in pre-market trading on July 16, as concerns over delayed artificial intelligence data center investments in the U.S. stock market triggered profit-taking in memory semiconductor stocks. Samsung Electronics fell 5.37% to 26

According to Yonhapinfomax, on July 16, Hanwha Solutions sold its U.S. venture investment fund for $84.3 million to supplement debt repayment needs arising from the company's reduced capital increase plans. The South Korean conglomerate, which had invested in the fund since 2022 to monitor

According to Yonhapnews, South Korea's benchmark equity index KOSPI dropped 340.46 points (4.67%) to 6,943.95 on the morning of July 16. The decline marked the index's fall below the 7,000-point level just one day after surging more than 6% and recovering to above 7,000 on July 15.

On July 16, South Korean Financial Services Commission Chairman Lee Euk-won rejected claims that single-stock leverage ETFs are the main cause of increased stock market volatility, instead attributing fluctuations to global semiconductor industry dynamics and structural factors. During a YouTube

Cheehong Shares Limited (02603) announced a placement of up to 9.3715 million new H-shares at HK$12.24 per share, representing a 17.02% discount to the previous close of HK$14.75. The placement is expected to raise approximately HK$115 million gross (HK$113 million net). Proceeds will fund

According to Financial Times, on July 16, Federal Reserve Governor Beth Cook stated that while there is reason to believe inflation will continue to moderate, risks from tariffs, Middle East conflicts, and AI investment spending could sustain price pressures. She added that waiting for further infla

Coinbase listed SK Hynix ADR perpetual futures (SKHY-PERP) on July 15, expanding crypto exchange stock derivative offerings. The move follows Binance's July 10 launch of SKHYUSDT, which recorded $1.56 billion in 24-hour trading volume and ranked third by volume among Binance perpetual futures as of

Hang Seng Index (HSI) overnight futures closed at 24,829 points on July 15-16, up 176 points from the previous close of 24,681 points, trading at a premium of 148 points with volume of 21,216 contracts. The Hang Seng China Enterprises Index (HSCEI) overnight futures closed at 8,224 points, up 40 po

According to Odaily, AI model maker Anthropic is targeting an IPO in October, with underwriters Morgan Stanley, Goldman Sachs, and JPMorgan arranging investor discussions to gauge institutional interest and investment size. The company raised $65 billion in Series H funding in May at a post-money

LG Household & Health Care stocks closed at 238,000 won the previous day, down 1.04%, marking an 86.55% decline from the 2021 peak of 1.77 million won. Analysts attribute renewed investor interest to the North America growth of haircare brand Dr.Groot, which now represents approximately 50% of the r