Global TradFi & Macroeconomics

According to Treasury Secretary Janet Bessent on Wednesday, Ukraine's drone strikes on Russian energy facilities and petroleum refineries are a primary driver of global energy price increases contributing to elevated U.S. living costs. Speaking on Fox News, Bessent stated the U.S. is experiencing an

According to EMXETF founder Kevin Carter, the asset manager recently launched China AI Tigers LLM ETF (TGRZ-US), a specialized fund targeting China's leading artificial intelligence model developers rather than the broader Chinese tech sector. The launch follows Chinese AI model companies' recent e

On September 2, Venezuela's interim president Rodríguez and U.S. Energy Secretary Wright signed multiple cooperation agreements, including a major oil project accord. According to Trump's announcement, the U.S. obtained majority control over more than 65 billion barrels of Venezuela's proven oil res

US Commerce Secretary Howard Lutnick stated the Trump administration is considering targeted semiconductor tariffs designed to compel chipmakers to establish US production facilities. Lutnick said companies producing semiconductors in the US would avoid tariffs, while those manufacturing abroad

The Trump administration is reviewing targeted semiconductor tariffs to incentivize domestic chip manufacturing, according to Commerce Secretary Gina Raimondo. Companies producing semiconductors in the U.S. would be exempt from tariffs, while those manufacturing outside America would face

US Treasury yields showed mixed movements on September 2 (US Eastern Time), with the 10-year yield reaching an intraday high of 4.8210%—the highest level since November 2023—before retreating to close at 4.7950%, down 0.10 basis points. The 2-year yield fell 0.80 basis points to 4.3860%, while the 3

The Won-Yen exchange rate fell to 854.13 per 100 yen during trading on the 2nd, the lowest level since November 2023, according to Hana Bank. The drop—a 12% decline from the June 5 high of 974.62 won—has driven a surge in Japanese travel bookings and yen deposits among Korean consumers and

Multiple US Treasury exchange-traded funds hit 52-week lows on September 2 as long-term Treasury yields surged to multi-decade highs. The decline affected ETFs tracking both 10-year and 30-year Treasury bonds, with the US 10-year Treasury yield reaching 4.812% on September 1 (local time), the

NVIDIA faces scrutiny over circular financing concerns following Q2 results that showed accounts receivable growth outpacing revenue expansion. KB Securities released an analysis addressing investor worries that NVIDIA's customer funding arrangements—where the chipmaker provides capital support to c

Samsung Biologics and Vuno stocks declined sharply following capital increase announcements on the 28th, with Samsung Biologics falling 6.78% to 1,486,000 won and Vuno plummeting 24.46% to 5,590 won on the 31st. The declines stem from investor concerns over equity dilution, as Samsung Biologics

According to Japan National Tourism Organization (JNTO) data, 894,700 Korean visitors traveled to Japan in July 2026, marking a record monthly high and 31.9% increase year-over-year. The surge follows a sharp yen weakening, with the won-yen exchange rate falling to 854 per 100 yen on September 2, th

According to the Korea Exchange, on September 3, multiple U.S. Treasury bond ETFs recorded 52-week lows, including ACE U.S. 10-Year Treasury Active and KODEX U.S. 10-Year Treasury Futures. The 10-year Treasury yield climbed to 4.812% on September 1 (local time), reaching its highest level since

According to KB Securities on September 3, Nvidia's second-quarter accounts receivable surged 54.9% while revenue grew 17.9%, raising concerns about the company's "circular finance" structure—whereby Nvidia finances AI infrastructure for customers who then purchase its chips. The Days Sales

According to SPDR Gold Trust holdings data, the world's largest gold ETF increased its position overnight (September 1) by 9.984 tons, bringing total holdings to 1,056.62 tons.

According to Jin10, Japanese companies are considering selling strategic shareholdings and other assets to offset record-high financing costs, the steepest in decades. A survey of 30 non-financial Japanese firms shows enterprises are also exploring increased overseas borrowing and early

According to CME FedWatch on September 3, the probability of the Federal Reserve maintaining interest rates unchanged in September stands at 37.7%, while the probability of a 25 basis point rate hike reaches 62.3%. For October, the chances of holding rates steady sit at 27.2%, with a 55.5% probabili

The Dutch central bank (DNB) transferred over 78 tons of gold from the New York Federal Reserve to London, citing heightened geopolitical tensions. DNB Governor Olaf Sleijpen announced the move on local time 2nd, stating the transfer improves trading liquidity for gold reserves. London serves as the

According to DNB Governor Olaf Sleijpen, the Dutch central bank transferred more than 78 tons of gold from the U.S. Federal Reserve Bank of New York to London on September 2, citing heightened geopolitical tensions. The move aims to improve liquidity of gold reserves and strengthen crisis

According to Morgan Stanley analyst Erik Woodring, Apple's first foldable iPhone is expected to generate approximately $14 billion in revenue in the December quarter, with initial 2026 H2 production estimated at 7–8 million units. The new device will be unveiled at Apple's keynote next week

According to Jin10, Russia's Kirishi refinery suspended oil processing following a Ukrainian drone strike on September 3, with Moscow's city official claiming the city shot down 3 drones, bringing the cumulative total to 28 in recent days. The EU announced it will retaliate against Russian drone