Finance

KOSPI opens higher, renews bid to hold 7,000 level

South Korea\'s KOSPI opened higher on Tuesday and moved back above the 7,000 level in early trade after slipping below it in the previous session on profit-taking. Buying interest centered on semiconductor shares, including SK Hynix. As of 9:09 a.m., the index was up 0.77 percent at 7,007.77. The won strengthened against the dollar, while the Kosdaq index also rose.

Crypto

Wintermute says bitcoin bull market still in early stage; watch $82,000 and $72,000

Some investors who think they missed the entry point after bitcoin’s sharp rise may instead miss the early phase of a new bull cycle, U.Today reported. Market maker Wintermute said the current move is a pause before the next leg higher, citing stock-market fatigue and a rotation of funds into bitcoin and ether. It flagged $82,000 and $72,000 as key levels and said the U.S. CPI on Sept. 11 is a major variable.