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South Korea Scrambles to Defend Currency Amid Martial Law Crisis Minutes after South Korean President Yoon Suk Yeol imposed martial law on Tuesday night, plunging the nation into its most severe crisis in decades, Finance Minister Choi Sang-mok immediately prioritized stabilizing the currency. By 11 p.m., Choi, who opposed the…

Gold Prices Inch Higher Amid Focus on U.S. Payroll Data and Geopolitical Tensions Gold prices rose modestly in Asian trading on Friday as investors awaited key U.S. payroll data for insights on future interest rate trends. Geopolitical uncertainties also bolstered demand for the safe-haven metal. The yellow metal appeared set…

U.S. stock index futures showed little movement on Wednesday evening, stabilizing after Wall Street’s record-high session driven by sustained strength in the technology sector. Investor sentiment was buoyed by Federal Reserve Chair Jerome Powell’s acknowledgment of the U.S. economy’s resilience, prompting interest in economically sensitive sectors. By 18:53 ET (23:53…

China announced on Thursday that it will impose sanctions on 13 U.S. military firms in response to U.S. arms sales to Taiwan. The move follows Taiwan’s President Lai Ching-te’s transit through U.S. territory, a step Beijing strongly opposes. The sanctions come after the U.S. authorized a potential $385 million sale…

The euro remained under pressure on Thursday following the anticipated collapse of the French government, raising concerns about the stability of the region’s second-largest economy. Meanwhile, Bitcoin surged past $100,000 for the first time. The cryptocurrency has experienced a significant rally since November, driven by expectations that Donald Trump’s U.S.…

Shares of Meitu Inc (HK:1357), a Chinese app operator, surged on Thursday after the company sold its entire cryptocurrency holdings, valued at $180 million, to take advantage of the recent digital asset rally. Meitu revealed that it sold 31,000 Ethereum units and 940 Bitcoin units, which were originally purchased in…

Bitcoin surged past $100,000 on Thursday as investors anticipated a shift toward more favorable regulations in the U.S., while Asian stocks remained steady following record highs on Wall Street, fueled by growing confidence in U.S. interest rate cuts. Bitcoin reached the $100,000 milestone during the morning session in Asia, peaking…

Most Asian currencies edged higher on Thursday as traders continued to anticipate a December interest rate cut by the U.S. Federal Reserve. Meanwhile, the South Korean won extended its decline amid escalating political uncertainty in the country. At a New York Times event, Fed Chair Jerome Powell highlighted the resilience…

Gold prices remained largely unchanged during Asian trading on Thursday, as safe-haven demand stayed muted despite political unrest in France and South Korea. Improved risk appetite and a strong U.S. dollar further weighed on the metal. A rally on Wall Street to record highs dampened interest in gold as a…

Bitcoin surpassed the significant $100,000 milestone on Thursday, driven by optimism surrounding pro-crypto regulations under President-elect Donald Trump and comments from Federal Reserve Chair Jerome Powell likening the cryptocurrency to gold. The digital asset climbed 5.9% to a record $101,438.9 during Asian trading hours. The $100,000 level, considered a key…