In today’s briefing:
- [IO Technicals 2025/32] Bullish Momentum Builds
- Alpha Generation from the New Entries in the ‘KOSDAQ Rising Stars’ for 2025
- HEW: Hawks Overruled
- CX Daily: Despite Market Rally, Doubts Cloud China’s Plan to End Solar Glut
- Walker’s Weekly: Dr. Jim’s Summary of Key Global Macro Developments – 8 August 2025
[IO Technicals 2025/32] Bullish Momentum Builds
- China’s July steel exports hit highest year-to-date level since 1990, and S&P affirms A+ rating despite property and trade challenges.
- Managed money participants turned net long in futures after prolonged bearishness, adding positions as prices neared the $100/ton mark.
- Despite a recent death cross, prices remain firm above short-term MA, nearing bullish crossover, with Bollinger Bands signalling resilience and upside potential.
Alpha Generation from the New Entries in the ‘KOSDAQ Rising Stars’ for 2025
- In this insight, we discuss the potential alpha generation from new entries (2025) in the “KOSDAQ Rising Stars.”
- On 7 August 2024, KRX provided a list of 22 KOSDAQ Rising Stars companies (including 15 existing ones and 7 new companies).
- The 7 new KOSDAQ Rising Stars include ST Pharm, Next Bio Medical, Solid, Inc, SEMCNS, DE&T, Truen, and Union Biometrics.
HEW: Hawks Overruled
- The BoE Governor overruled his Chief Economist and Deputy Governor to deliver a rate cut, while Donald Trump appointed a dovish patsy in the hope of achieving the same.
- Whether poor payrolls presage a flow of data that breaks our resilience narrative is more important to the policy outlook. Europe stayed strong, with a retail rebound.
- UK unemployment (4.3%), GDP (0.1% q-o-q) and US inflation are the data highlights next week, with the RBA (cut) and the Norges Bank (unchanged) holding the policy ropes.
CX Daily: Despite Market Rally, Doubts Cloud China’s Plan to End Solar Glut
- Solar / In Depth: Despite market rally, doubts cloud China’s plan to end solar glut
- Rating /In Depth: China’s scandal-hit credit ratings industry seeks a new beginning
- Vanke /State shareholder throws Vanke new lifeline as $2 billion debt payments loom
Walker’s Weekly: Dr. Jim’s Summary of Key Global Macro Developments – 8 August 2025
Of the 12 regional economies tracked, only 4 are above the 50 PMI boom-bust line: India (59) continues to lead. Vietnam, Philippines, and Thailand also remain in expansion territory.
Indonesia reported 5.1% growth—no surprise. It’s the same figure (rounded) they’ve reported nearly every quarter over the past decade, barring COVID. It raises credibility questions.
- Tariff announcements expected this week remain vague, especially concerning China.
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