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Finance

Korea Investment Securities signs MOU with Guotai Haitong Securities on research, retail and IB

Korea Investment Securities said on Monday it signed a memorandum of understanding with China’s Guotai Haitong Securities covering cooperation in research, brokerage, mutual distribution of financial products and global investment banking. It plans to pursue exclusive research collaboration and expand the scope of China stock market investment information it provides. The two sides will also review brokerage cooperation to improve access and trading convenience for China and Hong Kong, and explore joint opportunities in ECM, DCM and M&A.

Finance

Shinhan Financial activates financial support program for firms hit by Middle East

Shinhan Financial Group said on Sunday it held a group crisis management council meeting to respond to rising geopolitical risks from worsening conditions in the Middle East. It will keep its crisis management level at “caution” and review market conditions weekly, with plans to escalate its response if the level is raised to “alert”. Shinhan Bank launched a disaster recovery financial support programme for exporters and overseas expansion mid-sized and small firms facing management difficulties due to heightened conflict risks.

Crypto

Bitcoin nears bottom against gold as bottom calls gain traction

Analysts say bitcoin may be nearing a market bottom as its value against gold approaches a low. Mercado Bitcoin research head Roni Suster said weakness versus gold could signal a bottom, with cycle analysis suggesting a February low and a rebound from March. Jan3 CEO Samson Mow said bitcoin is undervalued versus gold market value and global money supply. The view comes amid global uncertainty, rising gold prices and bitcoin ETF outflows, though large investors increased spot bitcoin ETF exposure in mid-February.