Gate Crypto Flash News and Market Updates

According to Tom Lee, BitMine board chairman, speaking at the Ethereum Korea One conference in Seoul on September 28, South Korea's tokenization regulatory approach will not become a global standard, despite being understandable from a government sovereignty, taxation, and domestic industry protection perspective. Lee stated that while Korea's policy reflects considerations similar to those applied to past industries like internet and telecommunications, other nations will likely adopt different

According to MarketInsight, on Sept 28, South Korean companies including K-bank, MIT, Creatz, and five others lowered initial public offering prices and resubmitted listing applications to the Korea Exchange after prior rejections. The firms, which failed exchange reviews 2-3 years ago, are adjusting strategies following recent IPO successes by K-bank, Remedy, and Lemon Healthcare that boosted market confidence. Several companies also changed financing tracks. MIT shifted from the small-parts sp

According to Capital Group Portfolio Manager Winnie Quan, on September 28 at the inaugural Korea Premium Week ceremony in Seoul, global investment firms including BlackRock, Capital Group, Morgan Stanley, and Vanguard urged South Korea to lower its dividend income tax rate to approximately 25% from the current 45% level. Quan noted that high dividend taxation reduces incentives for major shareholders to support increased payouts. Capital Group, which has invested over $70 billion cumulatively in

According to NH Investment & Securities, the brokerage lowered LG Chem's target price to 350,000 won from 400,000 won on September 28, citing slower profit recovery in battery materials and prolonged weak EV demand. The 12.5% price cut reflects reduced expectations for cathode material profitability in 2027 and slower earnings recovery compared to competitors, with the advanced materials segment's target valuation multiple adjusted to 7.2x from 9.4x. LG Chem's third-quarter operating profit is e

According to Odaily, KIOXIA contract on Hyperliquid fell 6.19% today after completing a 1-for-3 stock split adjustment. The contract now trades at $113.61, with open interest of approximately $1.46 million. Among the top three directional positions, two short holders collectively control about $585,000 in short positions, while the largest long position holds approximately $178,000.

According to Morgan Stanley, the investment bank maintains its Hang Seng Index target at 26,550 points for June 2027, implying modest upside of 5–7% from current levels. The bank also maintains targets for the CSI 300 Index at 4,880 points and MSCI China Index at 80 points. Morgan Stanley noted that domestic demand remains fragile, with households shifting toward deleveraging and increased precautionary savings despite lower borrowing costs. The bank's base case reflects slower-than-expected cor

Nvidia has released OpenShell 0.1.0, an open-source AI agent runtime platform designed to establish security boundaries and runtime controls without modifying agent code. The platform combines kernel-level sandbox execution, external monitoring services, credential injection, and formal policy verification. OpenShell supports granular interception of HTTP, GraphQL, and MCP network traffic, allowing data reads while blocking write operations, and prevents sensitive credential leakage.

According to an announcement by Bay Area Development (00737), the company disclosed its August 2026 toll revenue across three expressways in Guangdong province. Guangshen Expressway generated 231 million yuan, Guangzhu Western Expressway contributed 112 million yuan, and Yuejiang Expressway (Shenzhen segment) reported 78.79 million yuan in toll revenue for the month.

According to its announcement on Sept 28, Zhejiang CEO Holdings (00179) subsidiary Zhejiang CEO Manufacturing has invested in a minority stake in Wuxi Crab Intelligent Drive Technology, a developer of harmonic reducers and robot joint modules for robotic applications. The stake held by Zhejiang CEO will represent less than 5% of Wuxi Crab's expanded issued capital. The investment will be funded entirely from internal resources and is not deemed to have a material impact on the group's financial

According to Jin10, China Ocean Shipping (Group) Company (CNMC) announced on September 28 that it will invest 1.7 billion RMB in cash into its wholly-owned subsidiary Shanghai China Ocean Shipping Liquified Natural Gas Investment Company to optimize capital structure and enhance green, low-carbon professional shipping capabilities. The investment was approved by CNMC's board of directors on September 28 and does not require shareholder approval or constitute a major asset restructuring.

South Korea's Financial Commission and Korea Exchange opened 'Korea Premium Week 2026' on Sept 28, running through Oct 16. The three-week event showcases government capital market reforms and listed company investment presentations to overseas investors. Key policy initiatives include expanding the AfterMarket to 24-hour trading in phases, reducing settlement cycle from T+2 to T+1 to align with global standards, and building a Security Token Offering (STO) platform. The event attracted approxima

According to the Korea Exchange, the KOSPI daily average listed stock turnover rate reached 0.50% through Sept 23, marking the lowest level this year and extending a six-month consecutive decline from 1.74% in March. The index fell 2.70% to close at 6889.74 on Sept 28 as U.S. long-term Treasury yields surged, with semiconductor heavyweights Samsung Electronics and SK Hynix declining 5.05% and 5.43% respectively. Market participants cited weak momentum from retail and foreign investors, who each

According to Korea Exchange, South Korean solar energy stocks surged on September 28 amid easing concerns over Chinese solar product restrictions following U.S.-China summit discussions. Hanwha Q Cells soared 14.21% to 33,350 Korean won, OCI Holdings rose 10.92%, and HD Hyundai Energy Solutions gained 4.16%. The rally reflects solar products' exclusion from U.S. tariff concessions, boosting their strategic value. U.S. solar module and polysilicon prices have climbed as the U.S. prepares broad im

According to its announcement on September 28, Inheritance Education Group (08195) signed a memorandum of understanding with Dr. Li Chengze regarding potential cooperation to develop and offer metaphysics-related courses, including metaphysics, feng shui, and philosophy training programs both in-person and online. Under the partnership, the group will handle commercial operations, marketing, student recruitment, venue coordination, and administrative support. Dr. Li will design course content, t

According to the Korea Housing Finance Corporation, on September 28, the organization froze October Bogeumjari Loan (a long-term, fixed-rate mortgage product) rates at the same level as September. The Akkeum e-Bogeumjari rates range from 4.90% to 5.20% depending on maturity: 10-year at 4.90%, 15-year at 5.00%, 20-year at 5.05%, 30-year at 5.10%, 40-year at 5.15%, and 50-year at 5.20%. The policy aims to reduce borrowers' repayment burden amid recent interest rate increases.

China Biologic Products announced today that its subsidiary Qilu Pharma (正大天晴) has entered into a strategic partnership with STADA Arzneimittel AG for biosimilar development and commercialization. Under the agreement, Qilu Pharma will receive an upfront payment and is eligible for development, regulatory, and sales milestone payments totaling up to €53 million. Additionally, Qilu Pharma will receive double-digit royalties on profits from the partnership. Qilu Pharma will license STADA to commerc

According to Zhitong Finance, China United Insurance (1336) announced it will distribute interim dividends of RMB 0.73 per share on December 10, 2026.

According to Cui Dongshu from the China Passenger Car Association, China's auto industry faced dual pressures from rising costs and weak demand in the first eight months of 2026. Industry output reached 20.31 million vehicles, down 3% year-over-year, while revenue reached 700.62 billion yuan, up 2.9%, but costs climbed 4% to 623.7 billion yuan. Profit fell 16% to 25.34 billion yuan, with a profit margin of 3.6%. In August alone, production hit 2.7 million vehicles with revenue of 92.81 billion y

According to Yonhapnews, on September 28, Samsung Electro-Mechanics announced a 6.78 trillion Korean won investment to expand production capacity for high-end semiconductor packaging substrates used in AI servers across South Korea and Vietnam. The company will invest 4.27 trillion won at its Sejong facility in South Korea and 2.51 trillion won at its Vietnam subsidiary, marking the largest single-product investment in Samsung Electro-Mechanics' history. The investment period runs through May 31

According to the Financial Investment Association, South Korea's combined money management accounts (CMA) surpassed 40.09 million as of September 23, 2026, marking an increase of 2.71 million accounts (7.3%) compared to the same period last year. CMA accounts, which allow investors to earn returns on idle funds through repurchase agreements, money market funds, and commercial papers, have grown significantly since surpassing 30 million accounts approximately four years and seven months ago.