Finance

October nightmare for KOSPI faces rebound test on U.S. midterms

South Korean stocks are set to test whether they can rebound after a sharp October selloff, with U.S. midterm elections and employment data due this week. Investors are watching whether concerns over heavy AI investment costs ease and whether foreign selling moderates. Analysts say U.S. Treasury issuance plans and oil prices could influence long-term yields and risk appetite. Market participants also focus on whether semiconductor fundamentals hold up amid ongoing worries over AI firms’ funding.

Crypto

Bitcoin spot ETFs post third straight day of net inflows, October turns positive

Bitcoin spot exchange-traded funds recorded net inflows for a third straight trading day, turning October’s overall flow back into positive territory. Inflows of $137 million on Oct. 29 lifted the three-session total to about $424 million and pushed the month’s balance to net inflows of $111 million. Bitcoin fell 3.54 percent to around $77,700, while Ethereum spot ETFs saw $21 million of outflows.