Jay Qian

TradingKey - South Korea’s first 2x leveraged ETFs tracking Samsung Electronics and SK Hynix are set to be listed on May 27. Due to the ±30% daily price limits on individual South Korean stocks, these products could theoretically experience a daily volatility range of up to ±60%.

TradingKey - During the Asian session on May 26, the Nikkei 225 Index hit a record high at the opening before turning lower as investors locked in profits at elevated levels. However, SoftBank Group surged against the trend, becoming the largest contributor supporting the index, while the broader market exhibited a clear pattern of sector divergence.

TradingKey - Stock futures jumped on Monday night as oil prices slid and hope grew that a resolution to the U.S.-Iran war was within reach.

TradingKey — According to a report by South Korean media outlet THE ELEC on Monday, Micron Technology (MU) is ramping up production capacity for its sixth-generation High Bandwidth Memory (HBM4) twice as fast as its 12-layer HBM3 products, with simultaneous yield improvements. Meanwhile, Micron has transitioned the manufacturing of base dies for its next-generation HBM4E to TSMC, with mass production planned for 2027. Market expectations for Micron have shifted from being "excluded from Nvidia's (NVDA) supply chain" three months ago to becoming a "key supplier" today. Market focus now centers on whether this reversal can propel Micron's stock price past $1,000.

TradingKey - International oil prices slumped on Monday after U.S. President Trump stated that U.S.-Iran negotiations are "essentially a done deal," with both Brent crude July futures and U.S. WTI crude futures falling more than 5%.

TradingKey - During the Asian trading session on May 25, SoftBank Group closed up 4.63% at 7,070 yen, extending its strong momentum from last week. The stock rose 19.84% and 11.9% last Thursday and Friday, respectively, marking a cumulative three-day gain of approximately 40%.

Macroeconomic Landscape: The macroeconomic landscape for the week of May 18-24, 2026, was primarily influenced by persistent geopolitical tensions and evUpcoming Events: The U.S. markets will be closed on Monday, May 25, for Memorial Day. Key economic data releases scheduled for next week include

TradingKey - Since 2026, U.S. leveraged exchange-traded funds (ETFs) have dominated the top of the performance rankings. Multiple 3x leveraged long products tracking semiconductors and the South Korean market have achieved triple-digit gains, reflecting strong bullish sentiment among investors toward technology stocks and the memory chip cycle.

TradingKey - SpaceX formally filed an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) on May 20, intending to list on the Nasdaq under the ticker symbol "SPCX." The company will launch its global roadshow on June 4, set the offering price on June 11, and officially list on June 12.

TradingKey - Walmart (WMT) reported first-quarter total revenue of $177.8 billion, a 7.3% year-on-year increase, exceeding market expectations of $174.98 billion. However, as full-year earnings guidance fell short of analyst estimates and fuel costs continued to rise, shares tumbled 7.27% to close at $121.34, marking the stock's largest single-day decline in nearly two years.

TradingKey — In a registration statement filed with the U.S. Securities and Exchange Commission (SEC), SpaceX disclosed an exceptionally rare governance structure that highly concentrates actual control in the hands of Elon Musk alone, while informing investors that they must waive key legal protections such as jury trials and class-action lawsuits.

TradingKey - Samsung Electronics and union leaders reached a tentative wage agreement on Wednesday night, averting a general strike originally scheduled for Thursday at the last minute. Samsung shares surged more than 6% in early Thursday trading, while KOSPI 200 futures rose 5%, triggering a circuit breaker. As of 10:21 AM Seoul time on May 21, Samsung's stock price stood at 293,500 KRW, up 6.25%.

TradingKey - South Korea’s KOSPI Index closed down 0.86% at 7,208.95 points on Wednesday, marking its second consecutive session of declines. The index was primarily weighed down by a 10th straight day of foreign selling and elevated U.S. Treasury yields. On the same day, the Nikkei 225 Index fell below the 60,000-point threshold, closing at 59,804.41 points, a decline of 1.23%.

TradingKey — Goldman Sachs (GS) is expected to serve as the lead underwriter for SpaceX’s IPO, ranking first on the underwriter list, according to people familiar with the matter. Morgan Stanley (MS) is also a lead underwriter for the IPO but is expected to rank behind Goldman Sachs.

TradingKey - South Korea's National Labor Relations Commission stated that Samsung Electronics and its labor union failed to reach an agreement after nearly 15 hours of negotiations. The two sides will resume talks on Wednesday morning, just one day before the union's scheduled strike.

TradingKey — Kyung Kye-hyun, the former head of Samsung Electronics' semiconductor division, warned on Monday that global memory chip prices could begin to decline as early as the second half of 2027. Risks stem not only from aggressive capacity expansion by Chinese manufacturers but also from potential demand contraction if tech giants like Amazon and Microsoft see declining returns on investment (ROI) for their AI-related capital expenditures.

TradingKey — According to people familiar with the matter, SpaceX plans to list on Nasdaq on June 12, 2026, under the ticker symbol SPCX. The company aims to raise $75 billion at a valuation of approximately $1.75 trillion to $2 trillion, which would mark the largest initial public offering (IPO) in history.

TradingKey - Nomura Securities has raised its price targets for Samsung Electronics to KRW 590,000 and SK Hynix to KRW 4,000,000, citing exponential growth in AI memory demand. As of 12:00 Seoul time on May 19, Samsung Electronics’ share price stood at KRW 272,000, while SK Hynix was trading at KRW 1,773,500.

TradingKey - During the week of May 18 ET, SpaceX will launch a 5-for-1 stock split, clearing high-price barriers for the world’s largest-ever IPO. Boosted by the news, the U.S. commercial space sector opened higher across the board on Monday.

TradingKey - During the Asian trading session on May 18, a court suddenly halted global memory chip giant Samsung Electronics' planned 18-day general strike just three days before its scheduled commencement.