Daily Brief Financials: Korea Stock Exchange Kospi Index, S&P/ASX 200, Financial Select Sector SPDR F, Chainlink, Greenland Holdings Corp and more

• Starting Monday, July 31st, the FSS-operated disclosure website, DART (Data Analysis, Retrieval, and Transfer System), will provide an English search service for all disclosures.
• This measure will open up possibilities for diverse position strategies that require timeliness and comparability for Korean local stocks, leading to a significant turning point.
• This calls for a more comprehensive approach in identifying the overall market flow. We should be attentive to potential alterations in the structure of foreign flows.

• The S&P/ASX 200 INDEX  has been stuck in the 7000-7400 range for 16 weeks until last week when it briefly pierced the upper range (but closed the week at 7403).
• This WEEKLY trend pattern can lead to a multi-week rally when it rises for => + 3 weeks in a row (it’s a pattern that can include momentum trades).
• The index is at a make-it-or-break-it junction: either it starts to trend higher towards the previous peak (7567, January 2023), or it will pullback into the 7000-7400 range.

• We believe equity bulls run the risk of a credit event which could spark a bear market.
• Market-Based indicators used by technicians have failed to anticipate and discount well-telegraphed events such as the GFC and the start of the Russo-Ukraine War.
• If you want to be bullish, we wouldn’t argue with you. Just be careful.

• In the rapidly evolving world of blockchain technology, one concept that has gained significant attention is interoperability.
• Interoperability, in its simplest terms, refers to the ability of different systems or platforms to communicate and interact with each other seamlessly.
• In the context of blockchain, it means the ability of different blockchain networks to exchange information and transactions, thereby enabling them to work together in a cohesive manner.

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.

• China Hongqiao
• Greenland Holdings Corp
• Lippo Karawaci