| Mobile Web

Search results for Sharp

Finance

Korean retail investors pay 10 percent premium for SK Hynix ADR

Korean retail investors sharply increased purchases of U.S. stocks during a domestic market correction, with July net buying at about $4.5 billion, CNBC reported. SK Hynix ADRs drew about $840 million, ranking second in Koreans’ U.S. securities net buying, even though the shares are available at home. Arcadian Asset Management’s Owen Lamont said the ADR traded about 10 percent above the Korean shares and called the buying abnormal.

Crypto

Bitcoin spot ETFs see $385 million outflow but bitcoin holds $64,000 level

More than $385 million flowed out of bitcoin spot exchange-traded funds (ETFs) last week, but bitcoin held near the $64,000 level with little movement. Investors began pulling money from major spot bitcoin ETFs after an early August rally, reversing the prior week’s inflows of more than $865 million. Middle East tensions and macroeconomic uncertainty weighed on sentiment, with the largest outflows from BlackRock’s IBIT and Fidelity’s WBTC, while a Morgan Stanley fund posted net inflows.

Finance

KOSPI nears 7,000 as foreign buying, U.S. rate trend in focus

South Korean stocks are expected to test whether the KOSPI can hold the 7,000 level this week. With semiconductors leading a rebound and gains spreading to non-chip sectors, investors are watching whether foreign buying continues and how U.S. long-term Treasury yields move. Exports in early August rose sharply, led by chip shipments. Markets are also monitoring the release of the Fed’s July meeting minutes and U.S. economic indicators.