Seoul shares closed higher Thursday, with the benchmark KOSPI index rising 0.62% to 7,291.91, driven by institutional buying that offset retail selling. Concerns over Middle East tensions and AI demand outlook impacted the market.
Seoul shares closed higher Thursday, with the KOSPI index rising 0.62% to 7,291.91, driven by institutional buying. Retail investors sold heavily amid concerns over AI demand outlook and Middle East geopolitical tensions. The Korean won weakened against the U.S. dollar.
Seoul shares closed higher Thursday, with the KOSPI index rising 0.62% to 7,291.91. Institutional buying helped offset retail selling, despite concerns over AI demand outlook and Middle East geopolitical tensions.
Seoul shares erased some earlier losses late Wednesday morning on institutional buying, as investors reassess the AI trade. The KOSPI was down 1.98% at 7,504.42, following Wall Street's overnight decline. Investors are rotating out of tech stocks, seeking earnings growth to justify valuations.
Bitcoin's rebound is running straight into one of the few events it can't price in advance. After climbing back toward $80,000 on the back of renewed institutional buying and a nine-day ETF inflow streak, BTC pulled back to around $76,500 on Tuesday before recovering early Wednesday to around $77,800 as the Federal Reserve began its […] The post Bitcoin heads into Fed decision today at the exact price where its strongest holders may finally sell appeared first on CryptoSlate.
