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Crypto

Samsung Electronics, SK Hynix slump puts bitcoin on edge; what markets are watching

A sharp fall in shares of Samsung Electronics and SK Hynix is emerging as an early risk signal for bitcoin, as the cryptocurrency has recently shown a high correlation with AI-linked tech stocks. The selloff pushed South Korea’s KOSPI to a three-month low and spread to U.S.-listed SK Hynix shares and the Nasdaq 100. Markets are watching upcoming earnings and signs of whether AI investment expectations are weakening or risk aversion is deepening.

Finance

Korean stocks may rebound after Black Tuesday; brokers see leaders regaining strength

South Korean shares plunged more than 10 percent in a day, prompting brokerage analysts to flag a higher chance of a short-term rebound after an outsized drop. They said the selloff likely reflected position unwinds in semiconductors and leverage products amid thin liquidity rather than a new recession signal. Analysts cautioned against reading an initial bounce as a trend reversal, urging investors to watch foreign flows, the won-dollar rate and corporate earnings.

Finance

KOSPI, Kosdaq plunge; KOSPI breaks below 6,000, Kosdaq below 700 intraday

South Korean shares tumbled on Tuesday, with the KOSPI falling 10.84 percent to 6,023.63 after dipping below 6,000 intraday and the Kosdaq sliding 7.71 percent to 705.86 after briefly falling under 700. Both markets triggered a sell-side sidecar and a first-stage circuit breaker, halting trading for 20 minutes. Foreigners were net sellers in the main market, while the won ended 4.40 won higher at 1,461.60 per dollar.