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Finance

KOSPI faces rebound test as Samsung Electronics and SK Hynix shareholder returns in focus

South Korea\'s stock market will test the scope for a rebound this week as investors weigh the U.S. Federal Open Market Committee meeting and major earnings at home and abroad. With doubts persisting about the profitability of AI investment, semiconductor results and future investment plans are expected to shape sentiment. SK Hynix reports third-quarter earnings on Oct. 28 and Samsung Electronics releases final third-quarter figures on Oct. 29, with attention on HBM demand, capex and shareholder returns.

Finance

Bank of Korea holds base rate at 3.00 percent, checks external uncertainty before further hikes

The Bank of Korea held its benchmark interest rate at 3.00 percent, citing increased uncertainty surrounding the Middle East situation and major countries\' monetary policies. The central bank said it will decide whether to raise rates further after reviewing the effects of two earlier hikes. All seven members of the Monetary Policy Board backed the decision. The board said tightening is still needed, but it must check spillover effects as uncertainties expand.

Crypto

Bitcoin rebounds as oil and U.S. Treasury yields pause; can it top $85,000?

Bitcoin rose to around $84,500, a weekly high, as oil prices and U.S. Treasury yields steadied, easing pressure on risk assets. The total cryptocurrency market value climbed to $2.9 trillion, while major altcoins also gained. The crypto Fear and Greed Index held in neutral territory. Investors are watching U.S. interest-rate expectations and key technical levels, including support at $81,603 and resistance at $84,726.