Global TradFi & Macroeconomics

Korean stock exchanges employ a three-tier volatility control system to manage extreme market swings amid heightened uncertainty from global geopolitical risks and Big Tech earnings announcements. On July 16, the KOSPI index closed down 463.81 points (6.37%) at 6820.60, exemplifying the type of

According to Korea Exchange data, KOSDAQ index closed at 748.22 on July 24, down 5.32% from the previous trading day and marking its lowest level since June 2, 2025. The index had surpassed the 1,200 mark in April but has retreated to 2025 levels within three months. Analysts attribute the

Korean semiconductor stocks recorded steep declines in July, with the KRX SK Hynix index falling 33.62% this month and the KRX Semiconductor index dropping 30.12%, according to Korea Exchange data released July 27. The decline was driven by structural reversal of leverage ETF inflows, margin

According to Financial News, South Korean semiconductor stocks posted significant declines in July, with the KRX SK Hynix Index falling 33.62% month-to-date and the KRX Semiconductor Index down 30.12%, far outpacing broader market losses. The KOSPI declined 21.07% over the same period. Market

This week brings a critical test for U.S. equities, with Microsoft and Meta scheduled to report earnings on Wednesday (July 29) after the close, followed by Apple and Amazon on Thursday (July 30). The same Wednesday, the Federal Reserve will announce its interest rate decision, with markets

According to Chosun Biz, Gudai Global, operator of K-beauty brand Joseon Nuna, has initiated its KOSPI listing on July 24 with pre-consultation discussions initiated with Korea Exchange. The company aims to enter the market in early 2027, with post-IPO valuation expected to reach approximately $10 b

At the open of forex trading on July 26, the U.S. Dollar Index (DXY) declined 0.16% to 101.31. The Australian dollar advanced 0.23% against the U.S. dollar, while the euro gained 0.18%. The U.S. dollar weakened 0.16% against the Japanese

Hyosung Heavy Industries, HD Hyundai Electric, and LS Electric saw their stock prices fall approximately 40-44% from May highs, closing on the 24th at levels sharply below peak valuations. Analysts attribute the decline to fund rotation within AI-themed stocks following the launch of single-stock le

Korean oil-linked exchange-traded notes (ETNs) surged this month as Middle East tensions drove international crude prices sharply higher. The Meritz Leverage WTI Crude Oil Futures ETN (H) closed at 51,490 won on July 24, up 69% from 30,465 won at the end of last month, according to Korea Exchange

WSJ senior market columnist James Mackintosh published a column on May 26 (local time) warning that SK Hynix ADR's premium over its Korean stock represents another signal of AI overheating. The ADR has traded 16-51% above the Korean-listed shares since launching on May 10 in New York. Mackintosh

Korean power equipment stocks fell sharply on July 24, with Hyosung Heavy Industries dropping 44.8% from its May high to 2.681 million won, HD Hyundai Electrics declining 44% to 810,000 won, and LS Electric falling 39.7% to 202,000 won. Analysts attribute the correction to fund rotation toward

According to WSJ senior markets columnist James Mackintosh on July 26, SK Hynix American depositary receipts (ADRs) have traded at a 16-51% premium to the company's Korean-listed shares since beginning trading on Nasdaq on July 10. The substantial premium is driven by limited ADR supply relative to

According to The Block, on Sunday (July 26), Michael Saylor posted MicroStrategy's StrategyTracker chart showing 843,775 BTC worth approximately $54.4 billion with the caption "We're gonna need another color." It marks his fifth Sunday tracker post since the company last disclosed a bitcoin

According to Wall Street Journal senior market columnist James Mackintosh, SK Hynix's American Depositary Receipts (ADRs) are trading at a significant premium relative to the company's Korean-listed ordinary shares on July 26. Mackintosh characterized this premium valuation as another signal of

According to Goldman Sachs, on July 26, oil-linked ETNs surged in July as escalating Middle East tensions pushed international crude prices higher. The investment bank forecasts Brent crude could exceed $120 per barrel in the fourth quarter if regional conflicts intensify further. Energy-related

US biotech firm Ingeniaterapeutics conducts public subscription for Korean stocks on dates 30-31, according to investment banking industry sources on date 26. Vehicle display specialist NeoView re-lists on the KOSDAQ market on date 27 following a spin-off from TOBIS. The IPO activity occurs as the K

According to investment banking sources, U.S. biotech company Ingeniatx will accept public share subscriptions from July 30-31, with the company pursuing listing via Depositary Receipt (DR). Ingeniatx develops antibody-based treatments for kidney disease by protecting and restoring microvessels.

Bank of America's Bull & Bear Indicator rose to 9.6 on July 24, hitting its highest level since 2021 and triggering a 'sell' signal for the 17th time since 2002, according to strategist Michael Hartnett and the bank's team. The indicator, which uses contrarian logic to measure investor sentiment, si

Samsung Electronics and SK Hynix are scheduled to release Q2 earnings during the last week of July. Samsung Electronics will disclose finalized Q2 results on July 30 at 10:00 AM after reporting preliminary revenue of 171 trillion won (up 129.3% year-over-year) and operating profit of 89.4 trillion w

Samsung Electronics and SK Hynix are set to release their second-quarter earnings this week (late July), alongside planned earnings reports from Microsoft and Apple, according to corporate schedules. The releases come as the U.S. Federal Reserve prepares to convene its FOMC meeting to determine