News list for "Affected"
South Korean stocks posted their biggest one-day gain in nearly a month on Tuesday as U.S. interest rate cuts look to stoke risk appetite in global financial marekts. South Korea's benchmark KOSPI index closed up 50.25 points, or 1.60 percent, at 3,198.00, its biggest percentage gain since July 8. Out of a total of 934 stocks traded, 687 rose and 190 fell. Net foreign inflows 291.90 billion won ($210.31 million). Markets rallied as a result of a near 100 percent chance of the Federal Reserve cut...
zkLend has announced a compensation plan. Deposits in unaffected pools are expected to receive a full refund of funds. Deposits in affected pools will receive a partial refund of funds. As well as claims positions in zkLend recovery pools, the withdrawal process is expected to begin within 2 weeks after the review of the recovery claims portal. Repayments will be paid in full by the available liquidity in each unaffected pool. If there is a shortage in one unaffected pool (due to relatively high...
Gold futures prices rose on the back of safe-haven demand. Nikos Zabouras, a veteran financial commentator at Tradu, believes that gold has solidified its position as the leading safe-haven asset and become an attractive hedge against inflation. Gold prices have risen nearly 10% this year, helped by President Trump's disruptive operating methods, aggressive rhetoric and potential tariffs that could hit global trade and supply chains. In the uncertain "special...
Affected by the US President's Day, the US stock market will be closed for one day on February 17 (Monday). The trading of precious metals and US crude oil futures contracts under CME will end at 03:30 Beijing time on the 18th, and the trading of stock index futures contracts will end at 02:00 Beijing time on the 18th.
Driven by trade war fears and increased central bank holdings, Citi and UBS raised their gold price forecasts, expecting the gold bull market to continue. Citi raised its short-term price target to $3,000 an ounce and raised its annual average price forecast from $2,800 to $2,900; UBS also raised its 12-month price target to $3,000. Gold has now risen to $2,860, an increase of about 9% this year. At the same time, benefiting from the rise in gold prices, gold-backed tokens such as PAXG and XAUT ...
Prices of most Japanese government bonds fell in early trading on the prospect of further interest rate rises by the Bank of Japan. Household spending rose 2.7 per cent in real terms in December from a year earlier, beating consensus expectations, according to economic data released this morning. The figures are likely to add to the case for another rate rise by the Bank of Japan. Naoki Tamura, a hawkish member of the central bank's policy committee, on Thursday called for a possible quicker pac...
On February 3rd, the Nikkei 225 index closed down 1052.40 points, or 2.66%, at 38520.09 points on February 3rd (Monday); South Korea's KOSPI index closed down 64.04 points, or 2.54%, at 2453.33 points.
South Korea's bitcoin "kimchi premium" surged to 9.7% at 2 a.m. on February 3, hitting a 10-month high since April 2024, driven by concerns about Trump's tariff war. Min Jung, analyst at Presto Research, said kimchi premiums typically rise during bull markets but can also spike during panic selling, as selling pressure on Korean exchanges is lower than in global markets. As of press time, kimchi premiums have fallen back to 8.24 per cent, compared with a historical average of about 5 per cent.
Due to the cold wave in the United States, the increase in electricity prices has led to the first reduction in the difficulty of bitcoin mining since the end of September 2024. According to the statistics of bitcoin mining company Luxor, the United States accounts for 36% of the global bitcoin hashrate, of which Texas contributes nearly half. The polar cold snap in January caused the cost of electricity in the United States to rise, and mining companies' profits were frustrated. Mining difficul...
Affected by Martin Luther King Jr. Day, U.S. stocks will be closed for one day on January 20 (next Monday).
