Seoul shares opened lower Tuesday, with the KOSPI falling 1.6% due to profit-taking after Samsung Electronics released its preliminary second-quarter earnings estimate. Local tech stocks declined as investors cashed in gains following Samsung's strong performance.
South Korean stocks closed more than 2% lower on Wednesday, as investors took profits after recent AI-driven rallies in semiconductor shares. Uncertainty over U.S.-Iran peace talks and a weakening Korean won also contributed to the decline.
South Korean stocks, led by chipmakers, fell over 2% as investors took profits from recent AI-fueled rallies, while the Korean won weakened against the dollar. This market downturn occurred amidst uncertainty surrounding fragile U.S.-Iran peace talks, despite record high exports for South Korea in June.
South Korean stocks closed down over 2% on Wednesday, as investors took profits after recent AI-driven rallies in semiconductor shares. Uncertainty surrounding U.S.-Iran peace talks also contributed to the decline, with the Korean won weakening against the U.S. dollar.
South Korean stocks plunged nearly 6% on Friday, with the KOSPI index falling 5.81% to 8,411.21. The sell-off followed recent rallies, particularly in AI-related stocks, as investors locked in profits. Trading was halted briefly due to a circuit breaker activation. The Korean won strengthened against the U.S. dollar.
South Korean stocks, led by the benchmark KOSPI, plunged nearly 6% due to profit-taking in AI-related shares after recent rallies. Foreign and institutional investors sold heavily, while individuals bought, amid concerns over high memory chip prices impacting demand and AI investment.
South Korean stocks plunged nearly 6% on Friday, with the KOSPI index falling 5.81% to 8,411.21, as investors took profits after recent AI-driven rallies. Trading was halted briefly due to a circuit breaker.
SpaceX shares fell over 6% on Thursday, cooling off from a strong IPO. Investors are evaluating ambitious AI expansion plans, including a $60 billion acquisition, and a potential $20 billion bond offering. Other US space companies also saw stock drops.
Yuanta Securities stated on the 11th that the recent adjustment in the power equipment sector is not due to a peak-out but a combination of profit-taking after a surge and rotation within AI themes. The firm expects a selective market in the second half, focusing on companies with confirmed order outlooks and EPS upgrades.
Wintermute analyzes Bitcoin's recent fall to $60k, stating institutional profit-taking, not Strategy's 32 BTC sale, is the primary cause. The sale removed uncertainty, sending a psychological signal, but institutions are now reducing risk.
South Korean stocks fell Thursday, ending a three-day rally and retreating from record highs due to profit-taking. The KOSPI dropped 1.84% to 8,639.41, with foreigners selling heavily. The Korean won also depreciated against the U.S. dollar.
South Korean stocks are poised for a sideways trading day as investors weigh optimism from US-Iran peace talks against profit-taking after a record surge. The KOSPI saw its largest-ever gain yesterday, driven by Samsung Electronics' strike resolution and Nvidia's strong earnings.
Bitcoin demand on Coinbase shows stabilization signs as the 14-day Coinbase Premium Index uptrend continues, despite recent profit-taking. While daily premiums dipped, network activity and futures data suggest underlying buyer interest and easing sell-side pressure.
South Korea's KOSPI index fell 3.72% to 7,684.15 after briefly surpassing 8,000 points, driven by investor concerns over the US-Israeli war against Iran and profit-taking, especially in tech stocks like Samsung Electronics (-5.41%) and SK hynix (-3.71%).
US Bitcoin ETFs recorded $635.2 million in outflows on Wednesday, the largest daily outflow since January, as Bitcoin struggled to hold $80,000 after a sharp rebound from April lows.
SEOUL, May 12 (Yonhap) -- South Korean stocks turned lower late Tuesday morning ...
Despite the short-term price recovery, Bitcoin remains in a bear market, according to CryptoQuant analyst Julio Moreno.
Bitcoin briefly fell below $80,000 on Thursday as analysts say profit taking has increased among crypto traders.
A slowdown in profit-taking and reclaiming $88,000 as support are prerequisites for BTC to confirm cycle bottom.
Bitcoin bulls took another swing at the $77,000 resistance, but profit-taking and traders’ reluctance to increase margin and spot longs limit the strength of each breakout.
Bitcoin rebounded 32% to $79,500 on April 22 from its sub-$60,000 multi-year low but failed to break $80,000 resistance, correcting to $76,000. Short-term holders and US spot Bitcoin ETFs have been selling, with $390 million in outflows over three consecutive days, capping recovery momentum.
The KOSPI fell 1.38% on Thursday, ending a three-day rally as investors locked in profits. Market sentiment was dampened by surging oil prices due to Middle East tensions and a hawkish signal from the U.S. Federal Reserve regarding interest rates.
The KOSPI fell 1.38% on Thursday as investors cashed in gains following record highs. Rising oil prices due to Middle East tensions and a hawkish Federal Reserve interest rate decision weighed on market sentiment despite strong tech earnings.
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