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Finance

KOSPI closes at record 7,981, nears 8,000

South Korea’s KOSPI ended higher on May 14, supported by buying from retail investors, and closed at a record high. The benchmark index rose 137.40 points, or 1.75 percent, to finish at 7,981.41, putting it close to the 8,000 mark. It opened at 7,873.91, up 29.90 points, and climbed as high as 7,991.04 during the session. The Kosdaq also gained.

Crypto

Charles Schwab starts direct trading in bitcoin and ethereum

U.S. brokerage Charles Schwab has begun offering spot trading in bitcoin and ethereum to U.S. retail clients through a new platform, Schwab Crypto, for eligible investors. Clients must open a separate crypto account linked to their existing brokerage account. Charles Schwab Premier Bank will provide custody, while Paxos supports trade execution under U.S. Office of the Comptroller of the Currency oversight. Fees are 75 basis points, or 0.75 percent. The service launched nationwide except in New York and Louisiana.

Crypto

XRP breaks $1.45 resistance, outpaces bitcoin and ether gains

XRP broke through the $1.45 level that had capped gains for weeks, showing a stronger rise than bitcoin and ether. Trading volume surged at the breakout, but momentum faded quickly as the price neared $1.50. Traders had been watching a tightening range and chart patterns forming below resistance. Thin liquidity across major exchanges was also cited. The key zone is now $1.44 to $1.45 as potential support, with $1.50 seen as immediate resistance.