Global TradFi & Macroeconomics

According to VanEck digital assets research head Matthew Sigel, multiple public companies employing digital asset treasury (DAT) strategies have abandoned or adjusted their bitcoin holdings since 2026. Satsuma Technology, Bitdeer, Prenetics, Genius Group, Vaultz Capital, and MAIA Biotechnology have

HSBC Holdings (00005) announced the sale of HSBC Life Singapore to Allianz for SGD 2.7 billion (approximately HKD 16.373 billion), with the transaction expected to complete in the first half of 2027 pending regulatory approval. The sale follows a strategic review of HSBC Life Singapore, with HSBC co

According to a CITIC report, AI capital expenditures by major cloud providers are expected to drive approximately $3.5 trillion in external financing needs over the next five years, as capex intensity rises from 12% of revenue in 2023 to over 40% by 2027. The core challenge centers on debt

According to HSBC's announcement, HSBC will sell HSBC Life Singapore to Allianz for SGD 27 billion (HKD 163.73 billion), with completion expected in H1 2027 subject to regulatory approval. The sale is expected to generate a pre-tax gain of USD 1.8 billion for HSBC and boost its Common Equity

South Korean stocks fell sharply on the morning of the 24th, with the KOSPI dropping 159.20 points (2.24%) to 6,937.69 as of 9:08 AM, sliding below the 7,000 level. The decline followed a US tech sell-off

According to Wall Street Journal reports, on July 23, Nvidia unveiled detailed technical specifications for its Vera CPU architecture, featuring 88 custom Olympus ARM cores, 1.2TB/s memory bandwidth, and 3.4TB/s on-chip interconnect bandwidth. Nvidia positions Vera around single-thread latency and

Yuanta Securities upgraded its target price for Samsung E&A stocks from 68,000 won to 77,000 won on July 24, representing a 13.2% increase, while maintaining a 'Buy' rating. The brokerage cited Samsung E&A's second-quarter performance that exceeded market expectations, with operating profit

Korean defense companies saw stock prices decline following recent contract losses while Korea Investment & Securities maintained an 'Overweight' rating on the defense sector on May 24. Hanwha Ocean lost Canada's 60 trillion won submarine procurement to Germany's ThyssenKrupp Marine Systems, and Han

According to Korea Investment & Securities, on July 24, the brokerage maintained its "overweight" recommendation on the defense sector, citing a structural global air defense missile supply shortage. The report noted that as Lockheed Martin has formalized development of the next-generation PAC-3

According to Eugene Investment & Securities, Samsung E&A today exceeded market expectations in the second quarter, prompting the firm to raise its target stock price from 68,000 won to 77,000 won, a 13.2% increase. The brokerage maintains a 'Buy' rating and forecasts the company will achieve 1

Hana Securities' plans to enter the Prime Brokerage Service (PBS) market are facing setbacks after years of internal discussions that began in 2019. The South Korean brokerage expanded its Delta 1 department this year to strengthen securities lending and total return swap operations, fueling market

According to South Korea's Financial Services Commission (FSC), on July 24, the country announced it will accelerate enforcement of enhanced margin requirements for single-stock leveraged ETF trading to July 31, three days ahead of the originally planned August timeline. The FSC stated the earlier i

According to Yonhap Infomax on July 24, Hana Securities' planned entry into Prime Brokerage Services (PBS) market faces delays due to escalating talent acquisition costs and intensified competition. The Seoul-based securities firm had been exploring a full PBS market launch but encountered high

According to the U.S. Commodity Futures Trading Commission (CFTC), the agency extended the public comment period for proposed rules on 24/7 futures trading and perpetual contracts for physical or storable energy commodities by 30 days to August 26, 2026. The extension, announced on July 24,

Over half of KOSDAQ-listed companies now trade below their book value, with 951 firms showing price-to-book ratios (PBR) under 1x as of the 22nd, according to Korea Exchange data. This represents 53% of the 1,802 total KOSDAQ listings, up from 723 companies (41%) on June 2, 2025, before President

Hyundai Motor Securities raised its target price for PSK, a semiconductor equipment manufacturer, from 194,000 won to 220,000 won on July 24, marking a 13.4% increase while maintaining a 'BUY' rating. Analyst Yoon Dong-wook cited global semiconductor manufacturers' capital expenditures expanding

According to Korea Exchange, on July 22, 951 KOSDAQ-listed companies had a price-to-book ratio (PBR) below 1x, representing 53% of all 1,802 KOSDAQ-listed firms. This marks a significant increase from June 2, 2025, before President Lee Jae-myung took office, when only 723 companies (41% of total) ha

According to Hyundai Motor Securities on July 24, the brokerage raised its target price for semiconductor equipment maker PSK (皮艾斯凯) by 13.4% to 220,000 Korean won from 194,000 won, citing accelerating capital expenditure by global semiconductor manufacturers. The investment opinion was maintained a

According to SoSoValue, Grayscale Hyperliquid Staking ETF (HYPG) recorded net outflows of $1.0249 million on July 23 (U.S. Eastern Time). The ETF has accumulated $127 million in net inflows since inception and currently holds $294 million in total assets under

According to ChainCatcher, Nasdaq-listed digital insurance company ZhiBao Technology announced plans to sell shares and receive approximately 3,500 Bitcoin (worth roughly $220 million at current prices) through a PIPE transaction with Joyertech and Information OPC. The deal remains subject to