Global TradFi & Macroeconomics

According to Bank of America's latest client report released this week, the Sell Side Indicator (SSI) rose to 57.2% in September, just 0.3 percentage points away from triggering a formal sell signal. This marks the highest level since March 2022, according to Business Insider. Historical data

According to data released Friday, the U.S. added only 29,000 nonfarm jobs in September, far below the Wall Street consensus of 90,000, while the unemployment rate ticked up to 4.2%. The weak employment report sparked a sharp pullback in market expectations for a Federal Reserve rate increase in

SK Group faces growing financial scrutiny over its 7.3 trillion won in Price Return Swap (PRS) contracts, the highest among major Korean conglomerates, as declining battery subsidiary valuations increase settlement burdens. The group deployed PRS extensively to support capital-intensive battery

POSCO Holdings sold subsidiary stakes via Price Return Swaps in August, securing 2.5 trillion won. The company divested 36,434,963 shares of POSCO International and 23,385,917 shares of POSCO DX, reducing ownership in each to 50 percent. The transaction funds Argentina lithium expansion and

According to Yonhap Infomax on October 5, Hanwha Group holds accumulated PRS (Participating Reverse Swap) contracts valued at 3.6 trillion Korean won. The contracts are primarily issued by Hanwha Q CELLS, Hanwha Systems, and Hanwha Inc. Hanwha Q CELLS issued 1.5 trillion won in PRS based on

According to POSCO Holdings statement, the company sold stakes in POSCO International and POSCO DX in August, reducing its ownership in each subsidiary to 50% and raising approximately 2.5 trillion won. The proceeds will fund strategic resource projects including lithium development in Argentina. I

Shinhan Asset Management is launching the 'SOL Global DRAM Semiconductor Plus' exchange-traded fund (ETF) on the Korea Exchange on the 7th, according to the Korea Exchange. The new passive ETF invests in global memory semiconductor leaders and core equipment companies. The launch follows growing

According to South Korea's exchange, Shinhan Asset Management launched the SOL Global DRAM Semiconductor Plus ETF on October 7, investing across 10 major global memory chip and storage companies. The passive fund targets leaders in high-bandwidth memory (HBM), NAND flash, and solid-state drives

According to Guru Club, Brent crude oil futures expanded gains to 1% on October 5, trading at $103.3 per barrel.

According to Nikkei, Saudi Arabia and the UAE agreed to assist Asian nations in building strategic oil reserves on October 5. A ministerial-level meeting of the Asia Zero Emission Community, led by Japan with 11 member states, will take place this week in the Philippines, where senior officials

COMEX silver prices climbed over 1% intraday on October 5, reaching $61.04 per ounce, according to Guru Club.

Gabia will hold an extraordinary shareholders meeting on November 5 where a proxy battle with Align Partners reaches a critical turning point. The KOSDAQ-listed web hosting and cloud company will vote on proposals to expand the board from five to seven members and elect four new director

South Korea's National Pension Service sold KRW 793.7 billion worth of Samsung Electronics stocks and KRW 1.353 trillion worth of SK Square stocks from July onwards, according to data from Daishin Securities released on the 5th. During the same period, NPS bought KRW 1.5988 trillion worth of SK

According to Korea Financial Supervisory Service filings released on October 2, Gabia, a web hosting and cloud services company listed on Kosdaq, will hold an extraordinary shareholders' meeting on November 5 to vote on expanding its board from 5 to 7 directors and electing four new board

According to Daishin Securities, South Korea's National Pension Fund has sold 1.35 trillion won worth of SK Square shares since July, alongside net sales of Samsung Electronics (793.7 billion won), Hyundai Motor (500.3 billion won), Samsung Electro-Mechanics (455.4 billion won), and other

The USD-KRW 1-month NDF fell to 1,342.30 won on October 2 (local time) as the US dollar weakened following disappointing September employment data. The US Labor Department reported non-farm payrolls increased by only 29,000 in September, far below the 90,000 market forecast and down over 100,000

According to Yonhap Infomax, the dollar-won 1-month NDF in New York's offshore market fell to 1,342.30 won (MID) on October 2, declining 7.50 won from the previous session's spot rate of 1,350.60 won in Seoul. The U.S. dollar index retreated below 102 to 101.901 after U.S. employment data

According to Yonhapinfomax, OPEC+ decided to maintain production targets through November during a video conference on October 4. Seven member states including Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman participated in the meeting. The group's next conference is scheduled

According to JPMorgan strategist Dubravko Lakos-Bujas, the November midterm elections will have more complex market implications than the 2024 presidential race, requiring investors to reassess sector prospects based on three potential outcomes. In a scenario of congressional deadlock, defensive he

According to Iran's presidential office on Oct 4, oil minister Paknejad resigned and President Pezeshkian appointed National Iranian Oil Company (NIOC) CEO Hamid Borde as acting oil minister.