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Finance

Korea Value-up index put to test by stock slump, effectiveness of shareholder returns key

South Korea’s Korea Value-up Index, a benchmark tied to the government’s corporate value-up drive, has fallen nearly 40% from its 52-week high as the local stock market plunges. Major components including Samsung Electronics and SK Hynix have declined, dragging down related ETFs. The extended market correction is shifting attention from share prices to whether companies sustain shareholder returns such as higher dividends and treasury-share buybacks or cancellations.

Finance

Inverse bets grow as South Korea\'s market slumps; inverse ETF daily turnover tops 2 trillion won

Trading in inverse exchange-traded funds is rising as South Korea\'s KOSPI falls for a seventh straight session. Turnover in KODEX 200 Futures Inverse 2X and KODEX Inverse totalled 2.42 trillion won on Oct. 15. Single-stock inverse products tied to Samsung Electronics and SK Hynix gained, while single-stock leverage products fell about 19 to 22 percent in a day and hit record lows for closing prices.

Crypto

Kalshi seeks funding at $40 billion valuation, expands beyond prediction markets into trading platform

Prediction market exchange Kalshi is in late-stage talks to raise $1 billion, a deal that would value the company at about $40 billion, Reuters reported. Tiger Global and Dragoneer Investment Group are among potential new backers, while Sequoia Capital is discussing leading the round with Wellington Management. The company is expanding beyond prediction markets into a platform for trading multiple assets and is in early talks about an IPO within a few years.