South Korean stocks opened sharply higher, with the KOSPI up 5.96%, driven by semiconductor gains from Samsung Electronics and SK hynix. Investors await upcoming earnings reports from major tech companies like Alphabet Inc., which will influence sustained market momentum.
US-listed spot Bitcoin ETFs recorded $490 million in net outflows over three days (April 13-15, 2026), reversing a two-week inflow trend and signaling diminished institutional demand. Bitcoin failed to reclaim the $78,000 level while the S&P 500 hit record highs. However, analysts argue rising inflation eroding real yields on fixed income will likely fuel demand for scarce assets like Bitcoin, with $3.3 billion in net inflows since March providing longer-term support.
No rate cuts are coming any time soon, Big Tech earnings gave AI bulls more to work with, and Meta is back in crypto payments with USDC creator payouts.
Alphabet, Amazon, Meta and Microsoft all beat earnings expectations, as they reported on Wednesday, but Alphabet stood out, with its shares jumping 7% in extended trading on strong cloud growth.
Jim Cramer previews a pivotal market day with the Federal Reserve expected to hold interest rates followed by Chair Powell's news conference, then major tech earnings from Alphabet, Amazon, Meta, and Microsoft. Also covering Seagate's strong quarter driven by AI demand, Starbucks' turnaround progress, Robinhood's crypto-related miss, Visa's resilient consumer spending, and Biogen's Leqembi growth.
Bitcoin is up 14% this month and on track for its fourth consecutive weekly gain, trading around $76,200. The $82,000 CME gap, Magnificent Seven earnings, and the Federal Reserve's policy meeting this week represent key catalysts that could determine whether the rally continues or stalls.
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SEOUL, April 28 (Yonhap) -- Seoul stocks closed at a new record high Tuesday, bo...
Seoul stocks opened higher on Tuesday with KOSPI up 0.48% to 6,646.8, driven by optimism ahead of earnings from U.S. tech giants including Alphabet and Meta. Wall Street's S&P500 and Nasdaq closed at new highs as investors adopted a wait-and-see approach before Magnificent 7 earnings. Meanwhile, oil prices remain above $100 per barrel at three-week highs amid extended Middle East crisis and diplomatic efforts involving the U.S., Iran, and Russia.
Market update covering AI infrastructure stock pullbacks with Nvidia poised for record close, Amazon-OpenAI partnership expansion following Microsoft's amended agreement with OpenAI, Eli Lilly's $2.3B acquisition of Ajax Therapeutics, and a packed week of big tech earnings from Amazon, Microsoft, Alphabet, and Meta. Leerink cut Lilly's price target to $1,058 from $1,296 due to competitive pressures on oral GLP-1 Foundayo.
