South Korea’s KOSPI jumped more than 8.5%, marking one of the strongest rallies in the benchmark index’s history. The surge added an estimated ₩620.5 trillion (about $425 billion) in market value as investors reacted to expectations that tensions in the Middle East could ease. Trading momentum was so strong that a buy-side sidecar mechanism was triggered shortly after the market opened, reflecting a sharp imbalance between buy and sell orders. Investors will now watch whether diplomatic developments support the rally and sustain gains in South Korean equities.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
The U.S. Consumer Price Index (CPI) data is scheduled to be released on Wednesday, August…
Harmony Protocol has been hit by a suspected exploit that resulted in the unauthorized minting…
XRP price fell below $1 for the first time in two years, part of a…
The XRP Ledger is gaining fresh attention as Ripple expands its work with traditional finance,…
Crypto markets are facing slower activity as capital moves toward artificial intelligence, while tighter liquidity…
Latest findings show that 88% of enterprises say they will adopt stablecoin payments within twelve…
