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Finance

Samsung Asset Management launches Samsung public participation national growth fund

Samsung Asset Management will begin selling the Samsung public participation national growth fund from May 22, with subscriptions open until June 11 or earlier if the allocation is exhausted. The product is designed to share the policy outcomes of the government-led national growth fund with the public. Proceeds will be invested in unlisted companies and KOSDAQ firms in 12 advanced strategic industries. It offers tax deductions and has a five-year, closed-end structure.

Crypto

Institutions buy, whales sell: Why Bitcoin rally stalls

Bitcoin continues to see buying from institutions and retail investors, but overlapping sell pressure from long-held whale wallets is preventing a clear upside breakout. On-chain data showed a large share of the selling coming from long-term holders even as weekly purchases exceed new issuance. Strategy added 24,869 BTC in a week, and analysts estimated it could buy more. Some long-term holders used OTC deals, keeping exchange imbalances limited.

AI & Enterprise

Europe tech stocks surge on AI boom; semiconductor and optical network shares more than double

European tech shares tied to artificial intelligence infrastructure are surging this year, with some stocks posting triple-digit gains. Aixtron has risen 189 percent, while Technoprobe, STMicroelectronics and Nokia have also climbed sharply. The rally reflects expanding AI investment into data centres, networks and semiconductor equipment. Analysts say Europe’s lack of pure-play AI names is concentrating flows into a few proxy beneficiaries, even as regulatory and power constraints may limit broader momentum.