Asian stocks diverged on Wednesday as South Korea’s KOSPI extended its retreat while Japan’s Nikkei 225 held close to 70,700, showing how differently the region’s two chip-heavy markets are absorbing high US yields, firm oil and stretched AI valuations. The KOSPI fell 1.16% to 6,860.73 by 11:20 am in Seoul as foreign investors sold a
Gold prices fell towards $4,140 an ounce on Wednesday, leaving bullion roughly 26% below its January record of $5,594.82 as investors waited for Federal Reserve minutes. Spot gold was around $4,138.34, while markets were pricing an approximately 87% probability of another Fed increase by December. Yet the bigger question for investors is whether the correction
Oil prices rose on Wednesday, with Brent climbing above $101 a barrel and West Texas Intermediate above $90 as traders priced two fresh supply risks: a developing Gulf of Mexico hurricane and renewed Saudi-Houthi tensions. Brent traded around $101.63 while WTI reached $90.24. The immediate question is whether the move represents another temporary geopolitical premium
Ethereum’s Glamsterdam upgrade went live on the Sepolia testnet Tuesday, marking another milestone in the network’s Layer 1 scaling roadmap. The deployment allows developers, application teams, and infrastructure providers to test compatibility with the changes before a potential mainnet release. Meanwhile, ETH’s technical structure remained constructive in the supplied market snapshot, although derivatives liquidations highlighted
Penguin Solutions delivered the kind of quarter needed to defend a 228% stock rally, but the valuation question has not disappeared. The AI infrastructure company reported an 888% jump in quarterly net income to $93 million, while revenue rose 68% to a record $567 million. Management also raised its fiscal 2027 outlook as AI data-centre
Gold price remains in a downward trend this week, driven by the relatively strong US dollar and the rising US Treasury yields. It was trading at $4,120 on Tuesday morning, down from the August high of $4,692. This retreat may continue in the coming days as it continues forming a series of lower highs and
Oil prices hovered near a critical threshold on Tuesday, with Brent barely above $100 a barrel and West Texas Intermediate near $90 as traders weighed a sharp recovery in Middle East exports against renewed attacks on energy infrastructure. Brent traded around $100.60 while WTI was near $89.70 in Asian hours. The market has now tested
BitMine Immersion continued accumulating Ethereum last week, purchasing another 15,112 ETH and lifting its holdings to approximately 6.016 million tokens. The treasury was worth around $16.16 billion at the reported market price and represented approximately 4.9% of ETH’s circulating supply. The company said it was roughly 98.5% of the way toward its goal of holding
XRP is heading into a busy stretch of October, but the price is barely reacting. XRP traded near $1.50 Tuesday as three catalysts approached. Evernorth is expected to begin Nasdaq trading under XRPN on October 8, while two XRP Ledger upgrades could activate shortly afterwards if validator support remains above the required threshold. Together, the
The FTSE 100 Index has retreated in the past few weeks, moving from a high of 10,990 in July to a low of 10,387. It has slumped to its lowest level since July 16. This article looks at some of the top shares to watch this week. BT Group stock in focus amid TalkTalk buyout