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Finance

Korean stocks to test rebound after plunge as U.S. big tech earnings in focus

South Korean stocks are expected to test whether a rebound can be sustained after a sharp selloff, with attention on U.S. big tech earnings and investment plans. Concerns have spread over credit risk at AI infrastructure firms, weighing on the broader AI value chain. Markets will also watch Nvidia’s GTC event in Berlin and China’s economic data. U.S. Treasury yields and bond-market supply are seen as key variables ahead of the Fed blackout period.

Telecommunications & Media

iPhone Duo preorders sell out as Apple tests ultra-premium strategy

Apple’s first foldable phone, the iPhone Duo, quickly sold out its initial allotment as preorders opened, with some online deliveries already pushed to late January. Apple told staff to warn customers it may be hard to buy one in stores on launch day. Analysts are watching Apple’s high-price strategy more than unit sales, while IDC expects foldables to remain a small share of shipments but a larger share of revenue.

Crypto

Bitcoin could fall to $10,000 if S&P 500 drops 20 percent - Bloomberg

Bitcoin could slide to the $10,000 support level if the U.S. stock market falls 20 percent, a forecast said. Mike McGlone, chief macro strategist at Bloomberg Intelligence, said such a move could see bitcoin give back most of its gains from recent years and return to a key support zone. He also pointed to weakening technical indicators and said a shift toward tighter monetary policy is drawing money into defensive assets.