Gate Cryptocurrency News and Market Analysis

Iljin Electric's heavy electrical equipment order backlog reached $1.3 billion in the first half of the year, with North America accounting for nearly 80% of orders, according to an NH Investment & Securities report released May 6. Analyst Lee Min-jae attributed the concentration to increasing

Korean securities firms' margin trading balances rebounded to 59.74 trillion won in September after plunging to 54.39 trillion won in July, according to Korea Financial Investment Association data released October 6. FSS Governor Lee Chan-jin summoned representatives from 23 securities firms on Sept

ABS-CBN Corp. stockholders approved a capital restructuring on September 30 that brings in P6 billion in new equity, with outside investor I&C Holdings Corporation set to become the largest common shareholder at 37.7%, yet the founding Lopez family will retain strategic control of the Philippine

NH Investment & Securities downgraded Hyundai Motor's target price from 620,000 won to 540,000 won, a 12.9% reduction, while maintaining a 'buy' investment rating. Analyst Ha Neul cited global wholesale sales slowdown and intensified price competition as reasons for the revision in a report

Hana Securities on October 6 projected Samsung Biologics' third-quarter revenue at 1.4063 trillion won and operating profit at 635.4 billion won, exceeding market consensus of 1.338 trillion won and 589.7 billion won respectively. The brokerage lowered its target price from 2.03 million won to 1.95

NH Investment & Securities announced on the 6th that it maintains a 'Buy' rating on Cheil Worldwide but lowers the target price from 24,000 won to 23,000 won. The brokerage highlighted the company's shareholder return policies, including a 12% treasury stock cancellation scheduled for the 15th and a

Shinhan Investment & Securities cut its target price for LG Display stocks to 13,000 won, a 19% reduction from the prior target, citing delayed profitability improvement due to weakening KRW/USD exchange rates and chipflation pressures. Senior Researcher Park Hyun-woo forecast LG Display's Q3

Hanwha Investment & Securities maintained a 'Buy' rating and 43,000 won target price for Hyundai Steel on October 6. Analyst Kwon Ji-woo stated that while Q3 earnings adjustment is inevitable, the weakness stems largely from seasonal volume decline, and Q4 profit growth outlook remains valid,

Cerebras Systems (NAS:CBRS), an AI chip company positioned as an 'NVIDIA alternative,' saw its stock rebound on the 5th (local time), rising 9.08% to close at $181.55. The recovery followed OpenAI CEO Sam Altman's reaffirmation of the partnership between the two companies. The stock had previously p

US nonfarm payrolls increased by 29,000 in September, falling significantly short of the expected 89,000, while the unemployment rate rose to 4.2%, up 0.1 percentage point from the previous month. The miss was compounded by downward revisions to prior months: July was revised down by 31,000 jobs

Elon Musk is discussing potential cooperation with TSMC for his Terafab semiconductor manufacturing project, while major tech firms including Microsoft and Meta are reducing reliance on external AI models to internalize development capabilities. Musk mentioned via social media that discussions with

KB Securities raised its target price for HPSP from 65,000 won to 85,000 won on the 6th, citing the company's expansion from foundry-focused revenue into memory semiconductor equipment including NAND and DRAM. The brokerage increased its 3-year operating profit compound annual growth rate estimate f

Korea Investment & Securities raised its target price for Korea Kolmar stocks to 185,000 won from 160,000 won on the 6th, maintaining a 'Buy' rating. Analyst Kim Myung-joo attributed the revision to the cosmetics industry entering a boom cycle and the company's planned production capacity

The US dollar strengthened on October 5 at 4 PM Eastern Time, driven by inflation concerns and euro weakness. The euro fell to its lowest level in 17 months as expectations for European Central Bank rate hikes retreated amid worsening French fiscal conditions, while the Brazilian real surged after a

Meritz Securities upgraded its target price for LG Electronics stocks from 220,000 won to 250,000 won on October 6 while maintaining a 'Buy' rating, despite forecasting Q3 operating profit at 881.7 billion won — 15.9% below market consensus of 1,047.9 billion won. Analyst Yang Seung-soo attributed t

Public companies added 3,342 BTC to their holdings during the week of Sept 28 to Oct 4, totaling approximately $286.31 million, as stablecoin supply increased by $715.8 million according to @lookonchain. The accumulation occurred amid declining decentralized exchange trading activity, with spot

Solana's tokenization market has recorded growth marked by Africa's largest initial public offering and the emergence of memestocks on the platform. According to commentary from @SolanaFloor, over 1 million equity holders are now engaged in the sector. The developments reflect a broader trend in

Tiger Research said Oct. 6 that high-performance Layer 1 blockchain Monad could be used as financial infrastructure for South Korea's stablecoin, payments and real-world asset markets. The Web3-focused research firm published a report titled 'Monad's View on South Korea's Digital-Asset Market in 203