Gate Cryptocurrency News and Market Analysis

Sh Suhyup Bank signed a memorandum of understanding with Sangsangin Group to acquire Sangsangin Securities, securing exclusive negotiation rights through Q3 2025. The transaction involves a 65% controlling stake, including Sangsangin's 55.85% holding, with an expected sale price of 200 billion

South Korea's government proposed a tax reform to prevent major shareholders from artificially suppressing stock prices to reduce inheritance and gift taxes, but the measure shows limited effectiveness according to market analysis. Mirae Asset Securities researcher Yoo Geon-ho found that despite

Korea Investment & Securities analyst Ahn Jae-kyun stated on the 8th that the Bank of Korea's monetary policy is focused on stabilizing prices through lowering inflation expectations, despite reduced likelihood of consecutive August rate hikes due to recent oil price and exchange rate stability

South Korean government bond futures rose during night trading after US non-farm payrolls unexpectedly declined in July. The 3-year Korea Treasury Bond (KTB) futures closed at 103.44, up 5 ticks from the previous day's regular session close, while 10-year KTB futures gained 29 ticks to finish at 106

Samsung Electronics and SK Hynix face diverging views from the market and brokerage firms as their Korean stocks experience corrections. Samsung Electronics reached an intraday high of 260,070 won on May 31, while SK Hynix peaked at 313,500 won on June 13, according to Korea Exchange data. Both stoc

Single-stock leveraged and inverse exchange-traded fund (ETF) trading in South Korea collapsed to 845.2 billion won on the 7th, according to Korea Exchange data released on the 8th, down from 12.4485 trillion won recorded on the 30th of last month — a reduction of 11.6033 trillion won. The

KOSPI's 12-month forward price-to-earnings ratio (PER) fell to 5.16x in early August, matching levels last seen during the 2008 financial crisis, yet foreign investor outflows persist despite the valuation drop and the dollar-won exchange rate stabilizing in the 1,400 won range. Market experts on Au

Korean retail investors net purchased Amazon ($151.49M), Micron ($151.02M), and Western Digital ($147.62M) during August 3-6, Korea Securities Depository data showed. This reversed July's pattern when the SOXL leveraged semiconductor ETF and SK Hynix ADR led rankings. The shift followed July 31

South Korea's Financial Services Commission maintained a cautious stance on exempting profitable companies from KOSDAQ delisting rules in a written response submitted to the National Assembly's Political Affairs Committee. The FSC stated that changing delisting requirements must comprehensively

The KOSPI index dropped 22.19% last month, marking a sharp reversal for Korean stocks after a significant rally earlier this year. The index had more than doubled from 4214.17 at year-end last year to 9385.59 on June 19, its annual high point. Individual investors who aggressively purchased stocks t

The US dollar weakened on 7일 오후 4시 (US Eastern Time), with USD-JPY falling 0.840 yen (0.530%) to 157.562 yen. July nonfarm payrolls decreased by 23,000, missing forecasts of an 80,000 increase. Japanese Finance Minister Katayama Satsuki told NHK Japan is ready to intervene in FX markets "without

A total of 747 listed companies in South Korea's stock market disclosed corporate value enhancement plans as of the end of last month, according to financial investment industry sources. The companies account for 84.6% of the total market capitalization in the domestic stock market, with 348 compani

Studio Dragon, a subsidiary of CJ ENM, is set to regain overseas broadcasting rights for multiple K-dramas previously locked in long-term exclusive contracts with global OTT platforms, as its drama 'Goblin' marks a 10-year broadcast milestone. The rights returns are occurring sequentially as

AI coding startup Cursor informed staff at an all-hands meeting that SpaceX could complete its $60-billion buyout of the company within days, while outlining plans to integrate teams and potentially phase out the Cursor brand for future software releases. The all-stock takeover could close by the en

Four major sandwich chains showed significant stock declines in their first year of trading over a 35-year period analyzed by Axios. Three of the four chains fell by double-digits after going public, with Quiznos dropping 37%, Potbelly declining 61%, and Cosi falling 72% from their first-day

SpaceX is attempting to retrieve the Starship upper stage from the Indian Ocean following its 13th flight test on July 24, as recovery crews face challenging conditions and increasingly rough seas while guiding the 52-meter spacecraft to port. Elon Musk stated on Friday that ship recovery "is not lo

The KOSPI declined over 5% this week, entering a consolidation phase as investors await US inflation data and assess foreign capital flows. The benchmark index fell 5.79% for the week, closing at 2,504.67 on Friday with a 0.67% daily drop. Profit-taking emerged after recent gains, while foreign inve

Canada added 75,000 jobs in July, about five times the 15,000 forecast, while the US economy shed 23,000 positions. Statistics Canada reported unemployment at 6.4% on Friday, a two-year low, while US payrolls missed forecasts by more than 100,000 positions after steep revisions. The employment