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Finance

KOSPI above 9,000 faces test from PCE, Micron earnings

South Korean stocks are expected to take cues this week from the U.S. May personal consumption expenditures (PCE) price index and Micron’s earnings report. The KOSPI has moved above the 9,000 level, but concentration in semiconductors and IT hardware has increased short-term volatility. Retail inflows into domestic equity ETFs have continued in June. Investors are watching whether PCE revives rate-hike concerns and whether Micron’s results support the semiconductor rally.

Crypto

AI-driven fund shift puts bitcoin at risk of retesting $60,000

Bitcoin’s failure to regain $67,200 and a 7 percent pullback has revived concerns it could retest $60,000. Cointelegraph said $330 million of leveraged bullish bets were liquidated in the drop. The move diverged from strong tech stocks and was linked to funds shifting into AI, while oil’s fall, steady U.S. jobless claims, and market readings of the Fed’s stance did not translate into bitcoin inflows. Dollar strength and softer derivatives sentiment also weighed.

Industry

Chinese memory maker CXMT knocks on DDR5 market with supply commitments, raising concerns for Samsung-SK Hynix duopoly

China\'s memory chipmaker CXMT is preparing to enter the PC DDR5 memory market, raising expectations of changes to the global supply structure led by Samsung Electronics, SK Hynix and Micron. Industry watchers say the move may matter more for diversifying supply than for lowering prices, as CXMT\'s pricing is said to be similar to rivals\'. CXMT is reported to be prioritising consumer PC supply rather than AI data-center products, with early use likely in entry-level products in China.