Market News

The Kospi Index retreated by over 1.5% today, July 6, as foreign investors continued to sell their shares ahead of Samsung Electronics’ preliminary earnings report. It was trading at 7,947, down by 15% from its highest point this year. Foreign investors are selling South Korean stocks There are signs that the Kospi Composite Index has… Continue reading Kospi Index slides as foreigners dump ahead of Samsung earnings

The Nikkei 225 Index pulled back on Monday as traders focused on the Japanese yen’s weakness and the potential actions from the BoJ. It also fell a bit ahead of crucial macro data from Japan. It was trading at 69,230, a few points below the year-to-date high of 72,750. Japan stocks retreat amid yen weakness… Continue reading Nikkei 225 on edge as Japanese yen resumes its slide, but a bullish pattern emerges

The Hang Seng Index retreated by over 10% in the first half of the year as some of the biggest Chinese technology companies lagged behind their global peers like the Nikkei 225 and Kospi, which jumped by 34% and 85%, respectively.  Top Hang Seng Index stocks have retreated this year Hong Kong’s Hang Seng Index… Continue reading Hang Seng Index slumped in H1 as Nikkei 225, Kospi soared: here’s why

The Japanese yen jumped sharply on Thursday as traders braced for a potential intervention by the Bank of Japan (BoJ). The USD/JPY pair retreated to a low of 160.62 from the year-to-date high of 162.84.  US published weak non-farm payrolls data The USD/JPY pair retreated after the US published the latest non-farm payrolls (NFP) report.… Continue reading USD/JPY prediction: traders brace for a Japanese yen intervention

Shopify stock has rebounded in the past few weeks, moving from the year-to-date low of $94.47 to the current $121.63. This rebound may continue, helped by its modest revenue growth and encouraging technicals. Shopify stock jumps after crucial settlement Shopify, the operator of the biggest e-commerce software, soared after reaching a settlement with Shopline, a… Continue reading Shopify stock eyes breakout as bullish inverted H&S pattern takes shape

The Roundhill Memory ETF (DRAM) retreated for the second consecutive day as jitters in the memory industry accelerated. The fund, which has become a $24.3 billion behemoth, retreated to $62.45 in the pre-market, down by 22.75% from its highest point this year. Why the DRAM ETF is falling DRAM is a top ETF that gives… Continue reading DRAM stock: Here’s why this Micron, SK Hynix, Sandisk ETF just crashed

Bitcoin price rose for the second consecutive day despite the rising ETF outflows and fear that Strategy will dump some of its holdings. BTC jumped to $60,870, up modestly from the year-to-date low of $58,000.  Spot Bitcoin ETF outflows continued Demand for Bitcoin remains thin this week as investors continued their selling spree. Data compiled… Continue reading Bitcoin price prediction: Glassnode sees bottoming signs despite surging ETF outflows

The Nikkei 225 Index has sold off recently as investors book profits following its strong rally to the all-time high of 72,781 in June. It was trading at 69,190 on Thursday, up by 37% this year. This article looks at the key catalysts that will drive the index this month. Nikkei 225 Index to react… Continue reading Nikkei 225 Index outlook for July: Top 4 catalysts to watch this month

The Kospi Index slumped by over 7% as volatility in the South Korea’s equity market continued. It plunged to a low of 7,733, down by 17.50% from its highest point this year.  Memory stocks drag the Kospi Index lower The Kospi Composite Index remained on edge today as its recent volatility gained momentum. It has… Continue reading Here’s why the Kospi Index is slumping today (July 2)