Jay Qian

TradingKey - During the Asian trading session on July 28, South Korean media outlet The Herald reported that SK Hynix plans to mass-produce its next-generation low-power mobile DRAM product, LPDDR6, in the second half of 2026.

TradingKey - During the Asian session on July 28, Japanese stocks opened lower and plummeted. As of writing, the Nikkei 225 Index fell by more than 4%, dropping below 62,000 points at one point to hit its lowest level since late May, while the TOPIX Index fell nearly 3%. The semiconductor sector collapsed almost across the board, serving as the primary drag on the broader market.

TradingKey - During the Asian trading session on July 28, the South Korean stock market experienced a sharp plunge. The KOSPI index continued to extend its losses, dropping by 8% as of press time and triggering an intraday circuit breaker. The Korea Exchange subsequently activated "Sidecar" mechanisms, suspending programmed sell orders to curb market volatility.

TradingKey - At the close, the Dow Jones Industrial Average rose 0.51% to 52,210.08; the Nasdaq Composite Index fell 0.18% to 24,932.08; and the S&P 500 Index rose 0.02% to 7,413.18.

TradingKey - South Korea's Ministry of Science and ICT announced on July 27 that the South Korean government has signed a memorandum of understanding (MOU) with U.S. chip giant AMD. The two parties will establish an AI research center in South Korea and jointly build an open AI computing infrastructure ecosystem.

TradingKey - According to Bloomberg on July 26 ET, at least nine leveraged ETFs tracking Japanese memory chip giant Kioxia are preparing to list in the U.S. If successful, this would mark the first time a Japanese company has served as the underlying asset for a single-stock leveraged ETF. Issuers include Tuttle Capital, GraniteShares, and Corgi Strategies, with Tuttle Capital’s products expected to list as early as August 2026.

TradingKey - On July 26 ET, The Wall Street Journal reported that Nvidia (NVDA) is in discussions with OpenAI regarding a financing guarantee of approximately $250 billion to support the latter’s large-scale data center project in southern Ohio. If finalized, this guarantee would represent the largest cross-corporate credit endorsement in the AI industry to date.

TradingKey - The macroeconomic landscape during the week of July 20 to July 26, 2026, was defined by a notable deceleration in inflationary pressures alongside resilient business activity.

TradingKey - On July 28-29 Eastern Time, the Federal Reserve will convene its seventh monetary policy meeting of 2026. While this should have been a routine event, Wall Street's sentiment is markedly different this time, as no one can predict the outcome in advance.

TradingKey – SK Hynix (SKHY) has been listed on Nasdaq for over a week. On July 14, Eastern Time, its ADR price reached a premium of as high as 51% over its local underlying shares in South Korea, before quickly retreating to approximately 19%. Since then, the premium has not continued to narrow but has instead widened again; on July 21, the ADR premium stood at about 29.8%. This significant pricing divergence for the same company’s stock across two markets is the result of the combined effects of ADR trading mechanisms and arbitrage windows.

TradingKey - On July 23 ET, Nvidia (NVDA) and semiconductor packaging and testing provider Amkor Technology (AMKR) signed a multi-year packaging services agreement valued at approximately $1.5 billion. Boosted by this news, Amkor's stock price rose more than 12% in after-hours trading on Thursday.

TradingKey - Global electric vehicle manufacturer Tesla (TSLA) is experiencing its toughest week since 2026. Impacted by a sharp decline in second-quarter fiscal 2026 operating margins and free cash flow turning negative, the stock has fallen more than 16% this week, marking its largest weekly drop since December 2025.

TradingKey - The market was hit by a double whammy of soaring oil prices and doubts about the return on AI investments sparked by increased capital expenditures at Google(GOOGL) and Tesla(TSLA). The three major U.S. stock indices plummeted. At the close, the Dow Jones Industrial Average fell 0.97% t

TradingKey - On July 23 ET, the Korea Securities Depository (KSD) confirmed that the initial quota for converting SK Hynix local shares into ADRs has been fully exhausted, with the conversion cap set at 2.5% of the company's total outstanding shares. KSD previously stated that two-way conversion applications would be accepted starting July 29, but the depositary bank Citi (C) has yet to announce a specific conversion timetable. Actual conversions involve procedures such as foreign exchange reporting and cannot be completed instantly on the day of application.

TradingKey - On July 22, Eastern Time, Deepwater Management analyst Gene Munster stated that the likelihood of a merger between SpaceX (SPCX) and Tesla (TSLA) is increasing. After the topic of a merger was formally discussed during Tesla's second-quarter earnings call, Munster raised the probability of the two companies merging within the next few years from a previous 80% to 90%.

TradingKey - The South Korean Presidential Office stated on Wednesday, July 22, that South Korean President Lee Jae-myung will visit San Francisco, Brazil, Chile, Argentina, and Germany from July 24 to August 3. From July 24 to 25, Lee will attend an AI summit in San Francisco, followed by state visits to three South American countries.

TradingKey - As tensions between the U.S. and Iran continue to escalate, oil prices surged to a six-week high, weighing on tech stocks. At the close of trading on July 22, Eastern Time, the Dow Jones Industrial Average fell 0.01% to 52,219.35; the Nasdaq Composite Index fell 0.57% to 25,690.90; the

TradingKey - On July 22, Eastern Time, The Wall Street Journal reported that AMD and AI company Anthropic have signed a multi-billion dollar AI server partnership agreement. According to the terms of the agreement, Anthropic will procure up to 2 gigawatts (GW) of AMD’s next-generation AI chip, the Instinct MI450, for its data centers starting in the first half of 2027, and may lease a portion of the computing power through other major cloud service providers or new cloud vendors.

TradingKey - On July 22, Eastern Time, the three major US stock index futures collectively declined during pre-market trading. As of press time, Nasdaq 100 Index futures fell 0.76%, S&P 500 Index futures dropped 0.29%, and Dow Jones Index futures were down 0.13%.

TradingKey - On July 22, Eastern Time, Super Micro Computer (SMCI) shares rose over 17% in pre-market trading. The company’s preliminary fourth-quarter fiscal results showed that gross margin rebounded significantly from the previous quarter, with new orders exceeding $60 billion. This financial report indicates that demand for AI servers continues to trend upward.