About Us
Real-time Quotes & News
Market Analysis
Trading Platform
Terms
Promotion
FAQ
Contact
繁
简
EN
繁
简
EN
Promotion
FAQ
Contact
Open Account
Contact Us

Onshore renminbi closed at 6.7804 per U.S. dollar at 16:30 on July 3, up 62 pips from the previous close.

2026-07-03

Onshore renminbi closed at 6.7804 per U.S. dollar at 16:30 on July 3, up 62 pips from the previous close.

Other News
2026-07-03

Data shows that margin lending in South Korean banks reached a record 36.47 trillion won this year, double that of the same period last year. Even as South Korean brokerages raised margin rates to nearly 10%, retail investors didn't stop, instead uti

Data shows that margin lending in South Korean banks reached a record 36.47 trillion won this year, double that of the same period last year. Even as South Korean brokerages raised margin rates to nearly 10%, retail investors didn't stop, instead utilizing bank credit lines. Household bank loans surged by 9.3 trillion won in May alone, the fastest monthly increase since August 2024. Data from the Bank of Korea directly links this surge to stock investments, rather than mortgage loans. Middle-aged and elderly South Koreans are borrowing money specifically to speculate in stocks so as not to miss out on rising prices, and their investments are often larger than those of younger investors. South Korea currently has 102 million active trading accounts, while the national population is only 52 million. Although foreign investors net sold 120 trillion won worth of South Korean stocks this year, retail investors net bought 75 trillion won to absorb the losses, most of which was borrowed. The market needs to pay close attention to the underlying financial data in South Korea, which is showing signs of pressure: ① Household debt-to-income ratio: 174%. ② 44% of borrowers have been late or defaulted on payments in the past six months. ③ Banks are limiting lending as annual lending quotas are exhausted months in advance. ④ Brokerage margin rates are approaching 10%. The market currently expects the Bank of Korea to raise interest rates next month. A rate hike will increase the cost of every loan currently used to finance stock holdings and bank credit lines. When borrowed money becomes more expensive during a market downturn, the resulting forced selling will be extremely severe.
2026-07-03

Shenzhen Meteorological Observatory at 14:30 on 3 July 2026 expanded a yellow thunderstorm-and-gale warning to cover the entire city, forecasting gusts of force 8 or higher within 1-2 hours. It also issued a citywide lightning warning, expecting ligh

Shenzhen Meteorological Observatory at 14:30 on 3 July 2026 expanded a yellow thunderstorm-and-gale warning to cover the entire city, forecasting gusts of force 8 or higher within 1-2 hours. It also issued a citywide lightning warning, expecting lightning to affect the city within two hours.
Open Account
Demo Account
Contact Us
About Us Real-time Quotes & News Market Analysis
 Trading Platform Market Analysis Promotion Terms Promotion FAQ Contact
Copyright © 2026 Aspire Global Company Limited. All Rights Reserved.
Terms of Use and Privacy
Disclaimer

Disclaimer: ASPIRE is not responsible for the content of any analysis, advice, comment, suggestion, research report or market data in this website and links to third-party websites or resources. All the information mentioned above only represents the view of corresponding author. ASPIRE cannot and does not warrant the accuracy, validity, timeliness or completeness of any such information. You should conduct individual assessments and other proper research to make their investment decisions. The materials and information contained in this website are provided for reference only and do not constitute or form an offer, invitation, solicitation or investment advice or recommendation to acquire or dispose of any investment products or services. The price of any financial instruments described in this website may fall as well as rise. Past performance should not be taken as an indication of future performance. The risk disclosure statements do not purport to disclose or discuss all of the risks and other significant aspects of any financial instruments mentioned in this website. You should make your own appraisal of the risk and should consult to the extent necessary your own legal, tax, financial or other professional advisers in respect of any financial instruments mentioned in this website prior to entering into any transaction.

Risk Warning: Leveraged Precious Metals trading on margin carries significant risks and is not suitable for all investors. Please be sure to make investments within your own tolerance after fully understand the risks involved.

Registered & Business Address: Room 1905-1906, 19/F, Eastern Commercial Centre, 395-399 Hennessy Road, Hong Kong

Aspire Global Company Limited is not available to provide services for the residents of certain jurisdictions such as Afghanistan, the United States of America, the Islamic Republic of Iran, North Korean.