Finance

Delisting firms falling short of market cap threshold gain path to KONEX under exchange rule revision

Korea Exchange revised its KONEX market listing rules to allow KOSPI and KOSDAQ companies designated as issues under administration solely for failing to meet market capitalisation thresholds to apply for a transfer listing on KONEX if they satisfy set financial requirements. Firms must meet profitability conditions or capital thresholds and have no capital impairment. The rule takes effect from Sept. 23, with deadlines for prior consultation and new listing applications.

Crypto

Bitcoin signals early bull market as it eyes renewed test of $126,200

Bitcoin traded around $86,000 and avoided a sharp drop after rising to $87,350, its highest since Jan. 29, before volatility eased. Markets digested a fall in oil prices and U.S. remarks on the Middle East. On-chain indicators pointed to a shift in sentiment, with MVRV moving back above its 365-day average. CryptoQuant flagged a possible end to a long accumulation phase and cited $126,200 as a target.