Gate Cryptocurrency News and Market Analysis

Yuanta Investment & Securities on 29일 lowered its earnings forecasts for Samsung Electronics for this year and next year, citing won strength and adjustments to the KRW/USD exchange rate assumption from 1,440 to 1,400. The firm maintained its STRONG BUY investment opinion and ₩560,000 target

NH Investment & Securities lowered its target price for Shinsegae International stocks from 18,000 won to 16,000 won while maintaining a 'buy' rating, citing anticipated third-quarter earnings below market consensus. Analyst Jung Ji-yoon attributed the downward revision to elevated exchange rates in

Chaperon, a Korean drug development company, resumed stock trading on September 29 following completion of a 5-to-1 reverse stock split, with trading having been suspended from September 4 to 28. The company implemented the consolidation to stabilize its stock price and enhance corporate value,

BNK Investment & Securities raised its target price for Shinhan Financial Group stocks from 130,000 won to 140,000 won on the 29th, citing expectations for record earnings this year, expanded shareholder returns, and strengthened competitiveness of overseas subsidiaries. The securities firm

Korean entertainment stocks and exchange-traded funds posted sharp declines year-to-date, with the ACE KPOP Focus ETF falling 44.03% as of last month 23rd, according to KOSCOM ETF Check data released on the 29th. The ETF holds over 20% positions in each of South Korea's four major entertainment

KB Asset Management's RISE Global AI NAND Memory Semiconductor ETF gained 13.67% in one month as of the previous day. Listed on the 1st, the ETF is South Korea's first focused on the global NAND memory value chain, benefiting from AI-driven demand for enterprise SSDs and NAND memory as data

Hanwha Investment & Securities downgraded POSCO Holdings' target price from 550,000 won to 500,000 won on the 29th while maintaining a 'Buy' investment rating, citing anticipated earnings underperformance. The brokerage forecasts POSCO Holdings' Q3 consolidated operating profit at 748.3 billion won,

DS Investment & Securities lowered its target price for SK Hynix stocks from 3.1 million won to 2.64 million won, reflecting a decline in the won/dollar exchange rate that prompted downward revisions to the company's Q3 earnings estimates. The brokerage reduced its Q3 operating profit estimate to 7.

Token Terminal reports that $252 million in tokenized stocks has been deposited into decentralized finance platforms. Uniswap leads the deposits with $82.1 million across its v3 and v4 platforms, followed by Kamino Lend at $51.3 million and Pendle at $33.8 million. The data reflects a growing

Multiple cryptocurrencies recorded significant price movements across Korean exchanges during the 23-hour period ending September 29 at 8 AM. NMR (Numeraire) gained +44.08% on Bithumb, closing at 19,940 won, and +35.98% on DigitalX, closing at 19,200 won. HBAR (Hedera) rose approximately +28-29% acr

Shinsegae, Hyundai Department Store, and Lotte Shopping stocks plunged in H2, with Shinsegae falling 54.57%, Hyundai Department Store dropping 52.92%, and Lotte Shopping declining 39.54% as of the previous trading day. The declines stem from slowing sales growth in luxury goods and home

iM Securities raised its target price for Korean fashion company Hanssem from 250,000 won to 280,000 won on the 29th while maintaining a buy rating. Analysts Jang Ho and Lee Sang-heon attributed the upgrade to strong fall-winter clothing sales with high profit margins and stable growth in new

The USD-KRW exchange rate stood at 1,359.90 won as of 6am on the 29th, down 5.20 won from the previous Seoul market close of 1,365.10 won, as markets monitored potential US-Iran dialogue developments. The rate fluctuated around the 1,360 won level throughout the previous trading day, initially

South Korea's Financial Supervisory Service issued a non-action letter allowing credit unions to include the central association's stable performance-based products with mid-term redemption capability in their liquid asset calculations without facing sanctions. The decision enables credit unions to

DS Investment & Securities maintained a Buy rating and a target price of 1.3 million won for LG Innotek (stock code 011070) on September 29, emphasizing the rerating potential of the company's package solutions business led by flip-chip ball grid array (FC-BGA) despite short-term Q3 earnings

Daishin Securities on the 29th lowered its target price for LG Innotek by 29.2% to 920,000 won, down from three months prior. The downgrade reflects anticipated profit reduction from a sharp won/dollar exchange rate decline, despite expected benefits from supplying components for Apple's next

Kiwoom Securities raised its target price for SM Entertainment stocks to 130,000 won from 110,000 won on the 29th, citing resolved artist contract uncertainties and anticipated earnings growth. Analyst Lim Su-jin attributed the upgrade to completed contract renewals by high-revenue intellectual

Korea Deposit Insurance Corporation (KDIC) is holding over 1 trillion won in money market funds (MMF) as negotiations with OK Financial Group over the sale of Yebyeol Insurance proceed slower than anticipated. KDIC set its MMF

Hana Securities maintained a 'buy' rating and 3 million won target price for Samsung Electro-Mechanics on the 29th, forecasting third-quarter operating profit will jump 154% year-over-year to 661.5 billion won on MLCC and FCBGA price increases and capacity expansion. Analyst Kim Min-kyung stated pro

Toss presented its stablecoin business strategy on May 28 at the Ethereum Korea One: Genesis conference in Seoul, positioning stablecoins as new financial infrastructure to replace or coexist with existing systems. Heo Won-young, Toss Team Lead, stated the company is building technical