Finance

Korean stocks outlook: ceasefire hopes and uncertainty collide; focus on dollar-weakness beneficiaries

A temporary ceasefire agreement in the Middle East is creating a mix of expectations for an end to fighting and uncertainty in South Korean stocks, analysts said. They recommended focusing this week on beneficiaries of a weaker dollar and sectors expected to see earnings improvement. The KOSPI rose 1.40 percent on April 10 to 5,858.87, but volatility may persist amid uncertainty over supply chain normalisation in the Strait of Hormuz and negotiation-related swings.

Crypto

XRP holds key support as bottom signals emerge, possible drop to $0.80

XRP is holding the $1.25 to $1.30 support zone as technical and on-chain indicators show signals consistent with past macro bottoms, Cointelegraph reported. The XRP/BTC RSI has fallen to 24, an oversold level last seen in October 2025. On-chain, XRP’s MVRV Z-score is near zero, suggesting reduced selling pressure. Analysts flagged $1.15 as the next support, with $0.80 a downside target if it breaks.