Gate Cryptocurrency News and Market Analysis

Bank of America strategists led by Savita Subramanian stated in a client memo on the 5th (local time) that excess returns from buying AI capital expenditure beneficiary stocks and selling consumer-themed stocks may become harder to obtain going forward. Subramanian warned that underestimating US con

iM Securities announced on the 6th the launch of a domestic stock fractional trading service allowing investors to buy and sell Korean stocks in sub-share increments. The service targets KOSPI 200 and KOSDAQ 150 constituent stocks with a minimum investment of 1000 won. The launch responds to the

The Korea Corporate Governance Forum published commentary on the 6th alleging that SK Group Chairman Choi Tae-won's stock sale structure may be designed to circumvent voting rights restrictions. On the 2nd, SK Inc. and Korea Investment & Securities announced the disposal of 1,653,924 SK Inc.

Korea Securities Finance issued its first global bond in its 71-year history, raising $300 million in foreign currency-denominated debt. The company signed the bond underwriting agreement with related institutions on the 2nd and announced the completion on the 6th. This marks the first public global

President Lee Jae-myung ordered a comprehensive overhaul of South Korea's national security systems during an October 6 cabinet meeting at the Blue House, responding to successive data breaches at financial and public institutions. The directive came after personal information leaks and hacking

South Korea's 20-year government bond 26-10 is experiencing yield curve distortion due to supply shortages after becoming the benchmark bond on the 10th of last month. The bond's initial issuance totaled only 242 billion won, with an additional 600 billion won issued on the 9th, bringing total

SK Ecoplant, a South Korean construction firm rated A-, narrowed its 3-year credit spread to 214.6 basis points as of the 2nd, down from 236.5bp at the end of July, following a bond issuance in July that attracted demand at rates 35-65bp below prevailing market levels. The spread compression

Hyundai Motor Group, NVIDIA, and LG formed an AI-Defined Vehicle (AI DV) alliance to compete with Tesla's Full Self-Driving (FSD) system, targeting 2028 for Level2++ autonomous vehicle production. The partnership divides responsibilities: Hyundai provides driving data, NVIDIA handles AI

LG Electronics signed a long-term supply contract with Air Control Concepts for 5 gigawatt AI data center cooling solutions, the company announced on the 5th. On the 6th at 9:42 AM, LG Electronics stocks rose 6.02% (13,000 won) to 229,000 won following the announcement. The contract awards LG Electr

The yen opened at 157.87-157.89 per dollar at 8:30 AM Tokyo time on Oct 6, down 0.22 yen from the previous day's 5 PM level, as reduced expectations for Japan's Government Pension Investment Fund (GPIF) portfolio rebalancing prompted yen selling and dollar buying. Some media outlets reported on Oct

Major Korean accounting firms reported double-digit growth in management consulting revenue for the current fiscal year, driven by surging corporate demand for merger and acquisition advisory services. Samil PwC recorded consulting revenue of 501.9 billion won, representing a 12.1% year-over-year in

Lee Hyung-il, South Korea's Deputy Prime Minister and Minister of Finance and Economy, announced on the 6th that the government will prioritize housing supply expansion as part of three core social policies covering housing, employment, and financial support for vulnerable groups. Speaking at the

The Philippine Statistics Authority reported on October 6 that headline inflation accelerated to 7.2% in September, up from 6.1% in August. The surge was driven by bad weather that pushed up food prices, higher fuel costs,

Gold traded steady near $4,140 an ounce on October 6 as investors assessed the impact of a stronger dollar and rising US Treasury yields on Federal Reserve monetary policy. Bloomberg reported spot gold at $4,139.06 an ounce as of 7:30 a.m. Singapore time. The dollar approached its highest level of t

Securities firms affiliated with South Korean banking holding companies detected cyberattack scanning attempts on the 6th day, according to the Korea Financial Investment Association. The scanning activity, which involves reconnaissance of system information before actual attacks, was confirmed

LG CNS announced on the 6th the launch of its blockchain infrastructure platform 'KITL'. The platform provides infrastructure required for banks, securities firms, card companies, and payment companies to build digital asset services such as stablecoins, security tokens (STO), and real-world

Kyobo Securities on 6일 designated Spear as its top pick for South Korea's space industry and initiated coverage with a target price of 40,000 won and a 'Buy' rating. Senior researcher Kwon Oh-hwi published a report titled 'Space, Next-Generation Network Battlefield,' stating that selective