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Finance

KOSPI faces rebound test as Samsung Electronics and SK Hynix shareholder returns in focus

South Korea\'s stock market will test the scope for a rebound this week as investors weigh the U.S. Federal Open Market Committee meeting and major earnings at home and abroad. With doubts persisting about the profitability of AI investment, semiconductor results and future investment plans are expected to shape sentiment. SK Hynix reports third-quarter earnings on Oct. 28 and Samsung Electronics releases final third-quarter figures on Oct. 29, with attention on HBM demand, capex and shareholder returns.

Crypto

Bitcoin dominance deepens as altcoin rebound hinges on BTC gains

Expectations are growing that bitcoin must break higher before altcoins can escape broad selling pressure. Market maker Wintermute and crypto trading platform Phemex said funds have been moving out of altcoins into bitcoin, with capital concentrating in major tokens such as bitcoin and ether. Analysts flagged $82,500 as a key bitcoin level and said a drop below it could reopen $70,000. U.S. inflation data and risk-asset weakness added pressure.

Crypto

Bitcoin faces watershed in next 45 days as eyes turn to U.S. FOMC

Bitcoin needs to confirm entry into a new upcycle within the next 30 to 45 days, an analysis said. Market analyst Bob Loukas said the cryptocurrency has built a base after a long period of sideways trading and is at a turning point for its medium-term direction. He set $79,600 as a key closing support over the next 45 days and flagged the late-October to early-December window, the U.S. FOMC meeting and a $12 billion options expiry as near-term variables.