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31.07.26 - 16:42
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Futures Rise After Record Rip In Kospi; Bond Bounce Fades As Oil Jumps, BoJ On Hold (ZeroHedge)
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Futures Rise After Record Rip In Kospi; Bond Bounce Fades As Oil Jumps, BoJ On Hold
A broad rally in US tech stocks is extending for a second day, with Nasdaq 100 futures rising over 1%. Amazon is the standout in premarket trading, up by 12% after reporting a fifth quarter of cloud sales growth, while Apple is sinking 7% after its sales forecast was dented by industry-wide supply shortages.
The gains in big-tech come amid signs that, for some, AI spending is paying off - underpinned by strong demand. Amazon shares rallied in late trading after it reported AWS revenue growth of 37%, above consensus of 31.3% and the fastest clip since 2021, enabling traders to overlook another increased capex guide and negative free-cash flow.
On the flip side, Apple shares fell after component shortages weighed on the company's sales forecast, echoing caution mentioned by Qualcomm the previous day. Apple had run into the print as the best performing stock within the Mag 7 cohort year-to-date.
“The w...
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30.07.26 - 14:36
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South Korea Has Several Market Rescue Options As Crash Crushes 700,000 Retailer Traders (ZeroHedge)
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South Korea Has Several Market Rescue Options As Crash Crushes 700,000 Retailer Traders
South Korean market authorities are weighing a more aggressive plan to stabilize the Kospi after July's record selloff sent the main equity index slicing through its 50-, 100- and 200-day moving averages like butter.
At the center of the meltdown is retail participation in leveraged ETFs tied to Samsung Electronics and SK Hynix, which amplified the selloff and inflicted crushing losses on Korean households.
Korean trader had a $5 million stock portfolio ALL IN Samsung and Hynix.
It ended very badly.
Take a look. pic.twitter.com/dkqBZ9lMf8
— emini tic (@TicTocTick) July 29, 2026
Overnight trading in Asian equities struggled to find a proper floor as South Korean stocks kept volatility high and mom-and-pop retail traders horrified that their leveraged bets have been all but wiped out. The Kospi erased gains as much as 5.5%, closing down about 1% despite Samsung's confirmation of massive profits.
Bloomberg...
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17.07.26 - 08:00
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South Korea′s turbulence seen as boon for Hong Kong stocks as capital migration under way (SCMP)
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Chinese technology stocks trading in Hong Kong are emerging as beneficiaries of tumult in the South Korean market, analysts say, pointing to investors rotating out of crowded bets and into undervalued assets, positioning for a rebound.
The Hang Seng Tech Index, which tracks Alibaba and other key Hong Kong-listed Chinese tech companies, has risen about 10 per cent from a June 26 low. Meanwhile, the Korea Composite Stock Price Index (Kospi) has technically slid into a bear market after a 20 per......
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27.06.26 - 04:00
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CU in China: Why South Korean retail giant is adopting ′online first′ strategy (SCMP)
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South Korean convenience store giant CU has been testing the waters in China with a limited online trial operation, marking a different approach from other multinational brands that bet big on physical outlets.
The brand, operated by BGF Retail which has around 18,600 stores in South Korea, is being cautious to start with. Together with its Chinese partner Ningshing Ubay, it is only selling 11 products on e-commerce platform Tmall under Alibaba Group, which also owns the South China Morning......
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