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Finance

KOSPI returns above 7,000 after four sessions; buy sidecar triggered for second straight day

South Korea\'s KOSPI returned above the 7,000 level for the first time in four sessions, lifted by a sharp rise in U.S. semiconductor shares and buying by foreign and institutional investors. The benchmark was up 5.68 percent at 7,130.95 as of 9:04 a.m. A buy sidecar was triggered in the main board market at 9:06 a.m., the second straight trading day, halting program buy orders for five minutes.

Crypto

XRP resumes bullish trend, eyes retest of $1.29

XRP has shown a short-term bullish trend after breaking above the top of a symmetrical triangle pattern that had capped prices for weeks. The token has logged four straight daily gains, with buying supported by a broader market lift led by bitcoin. Analysts cited $1.13 as the key breakout level, with resistance at $1.18 and then $1.29. Net exchange outflows of $32 million over seven days were also noted.

Finance

K Bank offers up to 5 percent rate in CodeK time deposit event

K Bank is offering preferential interest to customers who sign up for its CodeK time deposit, providing a maximum annual rate of 5 percent. It is also running a draw for cash prizes of 1,000,000 won. The bank said the interest coupon event runs until Aug. 20, offering one randomly selected coupon per customer. The 12-month product applies 3.86 to 5 percent if held to maturity.