Finance

Retail investors sell KOSPI products, buy U.S. index ETFs

As the KOSPI fluctuates around the 7,000 level, South Korean retail investors are selling domestic index products and buying U.S. index ETFs. Retail investors were net sellers of 14.63 trillion won of KOSPI shares in September, while foreigners also sold and institutions bought. In domestic ETFs, retail flows favored U.S. benchmark index trackers. Investors also bought U.S.-listed ETFs, led by a short-term U.S. Treasury fund, alongside dividend and S&P 500 products.

Crypto

Bitcoin volatility eases, rangebound near $76,500 as U.S. stocks rebound

Bitcoin is extending a rangebound pattern, showing limited gains around $76,500 as volatility eases. After the Federal Reserve raised its benchmark rate, U.S. equities rebounded as dip buyers stepped in, with the S&P 500 and Nasdaq Composite rising. In the bitcoin market, buy and sell liquidity has thickened around spot, reinforcing short-term sideways moves. Analysts cite tighter global liquidity and macro headwinds despite an underlying bullish trend.