Kospi

Odaily

2026-08-24 06:35:51

Japan and South Korea stocks close lower, KOSPI falls more than 3%

Japanese and South Korean equities both finished lower on Aug. 24, according to Gate data. The Nikkei 225 closed down 488.27 points, or 0.74%, at 65,528.09. South Korea’s KOSPI posted a sharper decline, falling 215.99 points, or 3.12%, to 6,696.96 at the close. The figures were cited by Odaily in a short market update. The move left the KOSPI with the steeper loss between the two benchmark indexes, while the Nikkei 225 also ended the session in negative territory.

1150

South Korea

2026-08-24 03:16:20

KOSPI extends intraday loss to 3% as leveraged long Samsung product drops over 17%

South Korea’s KOSPI extended its intraday decline to 3% on Aug. 24 and fell below the 6,700 level, according to Bitget market data cited by BlockBeats. Among major index components, SK Hynix was down 2.6%, while Samsung Electronics fell more than 8%. Against that backdrop, the South Korea product described in the source as Southern Double Long Samsung dropped more than 17%. The move tracked the weakness in Samsung shares as losses deepened across the benchmark index during the session.

1080

Samsung Elect

2026-08-24 02:10:08

Samsung Electronics extends intraday loss to nearly 8% as KOSPI falls 2.4%

Samsung Electronics’ intraday decline widened to nearly 8% on Aug. 24, according to market data cited by BlockBeats from Bitget. The broader South Korean benchmark, the KOSPI, was down 2.4% at the time of the update. SK Hynix, which had been posting gains earlier in the session, saw its advance narrow to 0.4%. The report was presented as a market snapshot and did not include additional context beyond the quoted data points. The figures reflect the latest move captured in Bitget’s market feed as referenced in the BlockBeats update.

1030

South Korea e

2026-08-24 00:04:00

KOSPI Opens Lower as SK Hynix Gains Nearly 3% and Samsung Electronics Falls 4%

South Korea’s KOSPI opened lower on Aug. 24, falling 50.77 points, or 0.73%, to 6862.18, according to Bitget market data. Among major stocks, SK Hynix rose nearly 3%, while Samsung Electronics dropped 4%. Japan’s Nikkei 225 also opened in negative territory, down 153.79 points, or 0.23%, at 65862.57. The moves were reported by BlockBeats in a brief market update.

1160

South Korea e

2026-08-23 05:15:19

Six foreign securities firms in South Korea posted a 213.8% jump in Q2 net profit, led by JPMorgan

Six foreign securities firms operating in South Korea reported a combined net profit of KRW 630.5 billion, or about $455 million, in the second quarter, according to Econovill as cited by Odaily. The group included JPMorgan, Goldman Sachs, Merrill Lynch, UBS, Morgan Stanley and Citigroup Global Markets. Their total net profit rose 213.8% from a year earlier and 133.3% from the previous quarter. JPMorgan ranked first with KRW 204.5 billion in net profit, roughly $148 million. As of the end of June, the firm had just 87 employees in South Korea. Goldman Sachs posted KRW 137.1 billion, or about $98.9 million, in second-quarter net profit. The report came as South Korean equities rallied sharply in the second quarter and the KOSPI index crossed 9,000 for the first time. Over the same period, foreign investors’ trading volume in South Korea’s securities market reached KRW 1,851.9 trillion, or about $1.34 trillion, up 312% year over year. Econovill said the sharp increase in trading activity was seen as one of the main drivers behind the earnings surge at foreign brokerages.

1160

South Korea

2026-08-23 04:37:42

KOSPI Falls 30% From June Peak as Leveraged Retail Losses in South Korea Reach $38.7 Billion

South Korea’s stock-market surge tied to artificial intelligence enthusiasm and heavy retail leverage has reversed sharply, with the KOSPI dropping 30% from its June 19 peak, according to Reuters. The selloff has put pressure on Seoul’s broader push to narrow the so-called Korea discount through new investment products and corporate-governance reforms. Regulators had allowed single-stock leveraged ETFs to list on May 27, with investors required to complete one hour of training and deposit at least 10 million won to participate. During the rally, Samsung Electronics and SK Hynix each reached a $1 trillion market capitalization, helping drive the KOSPI to more than double from last October and break above 8,000. Margin balances on the KOSPI rose about 75% this year and hit a record 29.8 trillion won on June 24. Citi estimated on July 28 that retail investors had lost $38.7 billion on leveraged ETFs. Authorities have since tightened limits on personal investment in such products.

1250

Bitcoin

2026-08-20 11:54:30

Garrett Jin says Bitcoin faces key resistance at $80,000 to $82,500 as short-squeeze momentum may fade

Garrett Jin, described in the source as the agent for a 「BTC OG insider whale,」 said Bitcoin broke out of its roughly $65,000 consolidation range this week, posted its biggest single-day gain since March, and moved above $70,000. He linked the move to several macro and policy developments, including the U.S. Treasury’s expanded bond buybacks, a planned crypto asset issuance regulatory framework from the U.S. Securities and Exchange Commission, and a White House crypto summit. Jin said Bitcoin has now entered a dense overhead supply zone spanning the upper-$60,000 area to the lower end of the $80,000 range, with the first layer of resistance already showing signs of weakening. He also argued that the market’s base around the low $60,000 area has become one of the strongest in this cycle after two months of new cost-basis accumulation. At the same time, he cautioned that part of the rally was driven by short liquidations, and that this type of squeeze is hard to sustain for long. Even so, he said near-term momentum could still lift Bitcoin higher and improve the odds of a move through $80,000, while identifying $80,000 to $82,500 as the resistance zone to watch next.

1290

South Korean

2026-08-20 04:35:24

Korean stocks rebound as KOSPI jumps over 5%, chip names lead on policy relief and shareholder return plans

South Korean equities staged a sharp rebound, with the KOSPI rising more than 5% to 6848.81 at the time of writing and chip heavyweights SK Hynix and Samsung Electronics posting outsized gains. The move came after U.S. Treasury Secretary Scott Bessent said the buyback size for 10- to 30-year Treasury bonds would be increased from $2 billion to at least $4 billion per operation, a step aimed at cooling yields that had been sitting near multi-decade highs. After the announcement, the 30-year U.S. Treasury yield eased to 5.18%, while the three major U.S. stock indexes closed modestly higher overnight. Company-specific news added support. SK Hynix said on Aug. 19 that it would buy back and cancel about 24.07 million treasury shares over the next three months, worth KRW 40 trillion, or about $28.6 billion, equal to 3.3% of shares outstanding. It also raised its 2025-2027 shareholder return target to more than 50% of cumulative free cash flow. Samsung Electronics was also helped by reports of price increases of as much as 15% for some new advanced foundry orders and expectations that it will soon disclose details of its shareholder return policy. HSBC has upgraded South Korean equities to overweight from neutral.

780