BTCC
/
BTCC Square
/
Global Cryptocurrency
/
South Korea’s Stock Market Rally Sparks Crypto Optimism
South Korea’s Stock Market Rally Sparks Crypto Optimism
4
2
BTCCSquare news:
South Korea's KOSPI index surged to a record high of 3,336.60, fueled by aggressive foreign buying and institutional inflows. The 38.1% year-to-date gain leads global equity markets, with crypto-adjacent stocks riding the wave. Market sentiment hinges on President Lee Jae-myung's upcoming financial policy announcement on September 11.
Capital market reforms and maintained tax thresholds for major shareholders provided tailwinds. Retail investors capitalized on the rally, offloading $1.63 billion in shares. The weakening dollar and anticipated US rate cuts created favorable conditions for risk assets, though direct crypto implications remain speculative.
By:
