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Finance

Kosdaq rally as semiconductors pause puts focus on this week\'s market direction

South Korean stocks face a week packed with catalysts, including U.S. inflation readings, a Bank of Korea policy meeting, MSCI rebalancing and the launch of single-stock leveraged and inverse ETFs. Investors are watching whether the KOSPI can hold near 8,000 and whether rotation into Kosdaq growth stocks can continue. The Kosdaq surged last week on buying in advanced industries. Markets also await the U.S. PCE inflation gauge and policy signals on rates, inflation and the currency.

Crypto

Goldman Sachs sees first Fed rate cut in December 2026; crypto outlook unclear

Goldman Sachs has pushed back its expected timing for the U.S. Federal Reserve’s next rate cuts to December 2026 and March 2027, citing inflation likely to remain above the 2 percent target. It expects core PCE inflation to hover around 3 percent in 2026 due to energy cost pass-through. The shift could weigh on crypto by reducing liquidity and supporting the dollar, though Bitcoin could diverge if inflation pressures intensify.

Crypto

Bitcoin posts biggest monthly gain in a year; S&P 500 hits record high

Bitcoin rose about 11.9 percent in April, posting its biggest monthly gain in a year. It ended April above $76,000 and was trading around $79,000 on May 4. U.S. stocks moved more strongly, with the S&P 500 hitting a fresh intraday record near 7,220 points, helped by better-than-expected results from Google and Apple. Traders cited mixed technical signals for bitcoin, including resistance around the 21-week EMA and potential tests of mid-$60,000 support.