Fintech

KOSPI surges over 7 percent to reclaim 8,300 level; Kosdaq also back above 1,000

South Korea\'s KOSPI rose more than 7 percent early on Thursday, reclaiming the 8,300 level as investor sentiment improved after overnight gains on Wall Street. Semiconductor heavyweights including Samsung Electronics and SK Hynix led the advance. A buy-side car was triggered for the first time in three sessions as KOSPI200 futures surged. The Kosdaq also jumped, returning above 1,000. The won weakened to 1,521.80 per dollar.

Crypto

SpaceX, Anthropic and OpenAI IPO wave raises questions over bitcoin fund flows

OpenAI has filed confidential IPO paperwork with the U.S. SEC targeting a September listing, putting bitcoin on what the article calls Wall Street’s liquidity test. Markets are watching whether funding needs for mega IPOs such as SpaceX, OpenAI and Anthropic overlap with institutional money that has flowed into spot bitcoin ETFs. Recent price moves and ETF outflows have favored AI and semiconductor stocks, though the IPO wave may also signal revived risk appetite that could benefit bitcoin.