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Finance

KOSPI set to try again for 7,000: what could move the market

South Korean stocks are expected to try again to settle above the 7,000 mark on the KOSPI this week. Semiconductor earnings and expanded shareholder returns are seen supporting the downside, while August export data and U.S. employment figures are expected to determine whether the rebound continues. Markets are also watching U.S. rate expectations after Kevin Warsh’s Jackson Hole remarks and the rise in U.S. two-year yields.

AI & Enterprise

Nvidia, Salesforce strong results shake tech stock bear case

Nvidia and Salesforce posted quarterly results that beat market expectations, undercutting a bearish view of the two tech stocks. CNBC reported that Jim Cramer said the results overturned some of Wall Street’s main concerns. Salesforce and Nvidia shares jumped 22 percent and 8 percent, respectively, after their earnings releases. Concerns had ranged from software pricing pressure to cloud demand and chip competition, but both companies pointed to growth, diversification and upbeat outlooks.

Crypto

Crypto investor sentiment swings into \'extreme greed\' for first time in two years

Cryptocurrency market sentiment moved into the “extreme greed” zone for the first time since 2024. The CoinMarketCap Crypto Fear and Greed Index stood at 81, after being 36 a month earlier and 41 a week ago. It also rebounded sharply from a low of 5 on Feb. 5. Bitcoin rose about 21 percent in a week, with traders citing a U.S. Treasury plan to double long-dated bond buybacks, large short liquidations and strong spot ETF inflows.