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Finance
KOSPI slumps more than 7 percent as Samsung Electronics, SK Hynix tumble
South Korea\'s benchmark KOSPI closed down more than 7 percent on Thursday as heavy losses in major semiconductor stocks weighed on the market. A sell-side sidecar was triggered in the main board early in the session, and another was activated on the Kosdaq in the afternoon, widening volatility. Individuals were net buyers while foreign investors and institutions sold. Samsung Electronics and SK Hynix fell sharply. The won weakened against the dollar.
Finance
Kosdaq triggers sell sidecar for 17th time this year
A sell sidecar was triggered in the South Korean Kosdaq market on Wednesday as declines deepened following a fall in the main KOSPI market. The Korea Exchange said the mechanism was activated at 12:47 p.m. This was the 17th sidecar activation in the Kosdaq market this year, including 11 buy sidecars and 6 sell sidecars. Program trading sell orders were suspended for five minutes and then automatically lifted.
Crypto
Bitcoin bargain buying spreads but ETF outflows accelerate; no confirmation of bottom yet
On-chain analysis shows accumulation is spreading again in the bitcoin market, but it is still too early to confirm a bottom. Glassnode said that after bitcoin fell below $60,000, long-term holders and patient buyers began absorbing supply, though broader conviction remains limited. It cited rising losses, accelerating outflows from U.S. spot bitcoin ETFs and a buildup of leveraged long positions as continuing burdens, leaving downside risks alongside accumulation signals.
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Crypto
Circle shaken by OpenUSD debut as Wall Street says selloff overdone
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Crypto
Cardano rebounds after June plunge, clearly outperforms bitcoin
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Crypto
XRP slides 22 percent in June, possible biggest drop since COVID-19
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Finance
Mirae Asset Securities raises margin requirements for some Korean stocks to address rising volatility
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Finance
KOSPI slides more than 6 percent, triggers 30th sidecar this year
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Crypto
Bitcoin rebounds as weak dollar drives gains
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Industry
Memory prices set for another surge, up to 50 percent in Q3, AI-driven supply crunch seen until 2028
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Finance
Korean retail investors turn net buyers of U.S. stocks after 3 months on SpaceX listing
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Industry
Samsung, SK Hynix and Micron accused of colluding on RAM prices; lawsuit unlikely to end \'RAM crunch\'
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Crypto
XRP risks another 30% drop after breaking $1.06 support, may fall to $0.70
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Crypto
Bitcoin breaks below 200-week moving average for first time since June 2022; will $40,000s open?
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Crypto
Bitcoin threatens $58,000 level as dollar strength, selloff by buyers at highs adds pressure
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Crypto
Shiba Inu buying interest fades, raising downside risk; Dogecoin turns oversold and bitcoin battles $60,000
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Crypto
UAE exchange MidChains CEO says sovereign wealth funds accumulating spot bitcoin
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Industry
Meta unveils noninvasive BCI that turns thoughts into text without surgery, reaches 61 percent accuracy