Search results for Philadelphia Semiconductor Index
Crypto
Wars around the world; gold and stocks fall, bitcoin and ethereum hold up
Bitcoin and ethereum posted higher returns than gold, silver and major stock indexes in March as tensions between the United States and Iran escalated, according to Binance Research cited by Cryptopolitan. Bitcoin rose about 1 percent and ether about 6 percent after the Middle East conflict began, while the S&P 500 and SOXX fell. The report cited 24-hour trading and institutional demand, and said total crypto market value rose to $2.39 trillion.
Finance
Foreigners dump record 7.1 trillion won in a day, sell 24.2 trillion in a month
South Korea\'s KOSPI closed at 6,244.13 on Thursday as foreign investors recorded a daily record net sell-off of 7.1 trillion won. Over the past month, foreigners sold a net 24.2 trillion won on the index, with selling concentrated in semiconductor heavyweights. The market saw sharp intraday swings and record turnover. Investor deposits rose 10 trillion won on the day to a record 119.5 trillion won, Shinhan Securities researcher Jin Hyuk Kang said.
Finance
Wall Street ends mixed; Alphabet nears $4 trillion market cap
Wall Street’s three main indexes ended mixed on Jan. 8, with the Dow rising while the Nasdaq fell. Investors sold AI and semiconductor shares and rotated into blue chips and cyclical stocks. The Philadelphia Semiconductor Index declined, led by falls in Nvidia and other large chipmakers. Alphabet climbed 1 percent, widening its lead over Apple and nearing a $4 trillion market cap. Defense stocks gained after Donald Trump called for higher U.S. defense spending. Markets now await Friday’s December nonfarm payrolls report.
