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Crypto

Charles Schwab releases guide for spot bitcoin, ether investing

U.S. asset manager Charles Schwab released guidance on cryptocurrency investing ahead of launching bitcoin and ether trading services. In an explanatory video, it said managing volatility is key when adding digital assets to a portfolio and that investors should focus on the amount of risk added rather than expected returns. Schwab suggested bitcoin exposure of about 2.7 percent for conservative investors and about 6.9 percent for more aggressive investors.

Industry

SK Hynix earnings surprise likely as NAND exports surge

Expectations are rising that SK Hynix will deliver a first-quarter earnings surprise, with brokerages forecasting operating profit of about 35.2 trillion won and some estimates as high as 39.6 trillion won. Analysts cite solid server demand, preemptive purchases by mobile and PC clients, and the spread of long-term contracts. NAND results are also in focus, with brokerage estimates pointing to a sharp rise in exports and profitability. SK Hynix reports on April 29.

Finance

Brokerages join \'value-up\' boom with record shareholder returns

South Korean brokerages are announcing unusually large shareholder return policies ahead of annual meetings. Korea Investment Holdings approved a cash dividend of 8,690 won per common share, up 118.1% from a year earlier. Mirae Asset Securities combined cash and stock dividends and included a treasury share cancellation. Samsung Securities and Kiwoom Securities set high per-share dividends, while smaller firms such as Hanyang Securities and DB Securities posted high dividend yields.