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Finance

Foreign selling of 2.5 trillion won pulls KOSPI down 0.25%, but it holds 7,000

South Korea\'s KOSPI fell on Thursday as foreigners stepped up selling, but it held the 7,000 mark after recovering most intraday losses on buying by institutions and retail investors. The index closed down 0.25% at 7,033.92 after briefly sliding to the 6,900 level. Foreigners were net sellers of 2.49 trillion won, while individuals and institutions were net buyers. The won ended firmer against the dollar and the Kosdaq rose.

Crypto

Why bitcoin cannot clear $80,000 as oil surge to $100 adds pressure

Bitcoin erased overnight gains after U.S. stocks opened on Sept. 9, as investors grew cautious ahead of U.S. producer and consumer price data. Major altcoins also fell. Brent crude climbed above $100 a barrel for the first time since July 23, adding pressure on risk assets, while Treasury yields stayed high. Spot bitcoin ETF flows turned negative on Sept. 8. In contrast, Zcash surged on ETF-related developments and the launch of options trading.

Crypto

Digital asset taxation next year in focus as bitcoin battles around $80,000

With South Korea set to implement digital asset taxation in 2027, calls are growing to overhaul a system that classifies both capital gains and lending income as miscellaneous income. Critics say income should be separated by transaction type and tax infrastructure built to link data from exchanges and personal wallets. The article also tracks U.S. legislative timing risks for the Clarity Act, a bitcoin rally above $81,000, shifts in correlations, Japan’s rate and regulatory moves, and notable on-chain activity.