Global TradFi & Macroeconomics

According to the Federal Reserve's Beige Book released on Sept. 3, the U.S. economy showed moderate growth over the past two months, with data center demand emerging as a key driver. The report mentioned artificial intelligence 19 times and data centers 25 times, reflecting their prominence in

Meritz Securities lowered its target price for Korea Circuit from 170,000 won to 90,000 won while maintaining a 'buy' rating, citing weaker-than-expected earnings through Q3 before anticipated Q4 recovery. The brokerage reported that Korea Circuit's Q2 consolidated revenue reached 407.2 billion won,

According to economists from China's Institute for New Economy Research and Caitong Securities, August consumer price inflation (CPI) is expected to grow modestly at 0.7% to 0.9% year-over-year. Zhu Keli, founder of the Institute for New Economy Research, forecasts August CPI growth at 0.7%, while S

According to S&P Global, Australia's August Composite PMI rose to a final reading of 52.7, up from 52.5 in July, signaling a modest expansion in the world's 13th-largest economy.

According to Meritz Securities, on September 2, the firm cut its price target for Korea Circuit to 90,000 Korean won from 170,000 won, citing disappointing earnings in the second and third quarters. The firm maintained its 'buy' rating despite the downgrade. Korea Circuit reported Q2 sales

According to S&P Global, Australia's August services sector PMI final reading came in at 53.2, up from the preliminary estimate of 52.9.

The Bank of Korea forecasts that South Korea's lead over China in advanced memory semiconductor production will widen over the next 3 to 5 years, according to a report released by the BOK's China Economic Team on September 3. The projection comes as China's semiconductor exports doubled in the

Broadcom reported quarterly revenue of $29.59 billion and earnings per share of $3.32, with CEO Hock Tan projecting AI-related revenue will double to $110 billion next year and double again the following year. The earnings announcement came as US stocks rebounded after four trading days of

According to a report released by South Korea's Bank of Korea on September 3, the gap between South Korea and China in advanced memory semiconductor production will expand over the next 3 to 5 years. China's semiconductor exports doubled year-over-year in the first seven months of 2026, driven by ar

Humax Holdings approved a merger with its subsidiary Humax on August 28 at an extraordinary shareholders meeting, with the merger taking effect October 1. The decision came after Humax Holdings' market capitalization remained below the 20 billion won threshold starting March 6, triggering

SK Securities maintained its 'Buy' rating and ₩33,000 target price for Lotte Holdings (004990), citing the Korean stock's high dividend yield and improving group-level profitability as key support factors. Analyst Choi Kwan-soon stated that the current stock price trades at a 29.5% discount to net a

Equinix announced a partnership with Nvidia on Wednesday that enables customers to run AI models on open-source cloud platform Together AI through a new service called Equinix Inference Exchange. The data center colocation provider's stock has risen 33% this year, pushing its market cap to $100

According to Korean Economic TV, Broadcom raised its full-year AI revenue outlook to $110 billion yesterday, more than double current levels, signaling strong confidence in sustained semiconductor demand. CEO Hock Tan revealed the company is developing third-generation processors for OpenAI with

According to SK Securities analyst Choi Gwan-soon, the firm maintained a buy rating on Lotte Group (004990) on September 3 with a target price of 33,000 KRW, citing improved earnings and attractive valuation. Lotte's first-half revenue rose 1.1% year-over-year to 7.7 trillion Korean won, with

According to regulatory filings, Humax will absorb Humax Holdings on October 19 to prevent the parent company's delisting after its market cap fell to 129 billion won as of September 1. Humax Holdings shareholders approved the merger on August 28, with trading in Humax Holdings shares halting from S

According to The Information, Palo Alto Networks has acquired Console for $500 million in cash and stock.

According to BlockBeats, President Trump said on September 3 that the U.S. stock market has not been affected and will continue to rise. Speaking at the White House, Trump stated that the market could potentially be higher than current

Korean equal-weight exchange-traded funds outperformed traditional market-capitalization-weighted ETFs during the period from July 1 to September 1, as semiconductor stock volatility roiled markets. KODEX 200 Equal Weight rose 2.34% while KODEX 200 fell -22.15% over the same period, despite

Ultragenyx Pharmaceutical (RARE) stock plunged 46% in after-hours trading Wednesday after the company announced its experimental Angelman syndrome drug apazunersen failed a late-stage clinical trial. The stock closed regular trading at $26.53 before sliding into the mid-teens after hours. The late-s

Shares of Ultragenyx Pharmaceutical (RARE) plunged 46% after-hours on Wednesday after the company announced its experimental Angelman syndrome drug failed in late-stage testing. The GTX-102 study, called Aspire, enrolled 129 children ages 4 to 17 and did not meet its primary endpoint or key