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Reporter : Lee Min-hyung
Fri, December 8, 2023 | 05:20
Controversy arises over location of alternative stock exchange
Controversy is arising over the location of an alternative stock exchange (ATS), as Nextrade, a newly established exchange operator, has submitted its plan to place its headquarters in Seoul.
Korea's secondary batteries firms display more volatility than cryptocurrencies
The recent “battery fever” of investors is showing signs of losing steam after some secondary battery shares displayed wilder fluctuations than cryptocurrencies in what analysts said may spark a possible credit crisis in the local stock market.
Retail investors flock to chip stocks amid secondary battery fall
Retail investors have returned to a buying spree of Samsung Electronics shares amid the dwindling stock performance of secondary battery firms, data showed Tuesday.
Brokerages remain pessimistic over another EcoPro rally
Brokerage houses are breaking their silence concerning the volatile EcoPro share, releasing pessimistic reports as to the possibility of additional rallies for the battery material producer. This sentiment is due to its “excessive” market capitalization compared to that of global battery cell manufacturers here.
Ex-Deutsche Bank president takes office as new leader of IMM Asset Management
Kim Hyun-jung, former chief of Deutsche Bank's institutional sales division, has pledged to provide diversified investment solutions to investors that encompass both traditional and alternative assets, after taking office as the first leader of IMM Asset Management.
Securities firms face heightened rivalry for new customers amid battery investment hype
Brokerage houses are intensifying competition to attract new retail investors amid reviving stock sentiment driven by unprecedented hype over secondary battery shares.
Crypto stocks display increased volatility due to 'crypto security' debate
Crypto-linked stocks are displaying increased volatility after a U.S. court ruled that cryptocurrencies are securities, reversing a precedent on Ripple's token XRP a few weeks ago. The ruling by a Manhattan federal judge came as a bane to overall crypto sentiment, with major cryptocurrencies - such as Bitcoin and Ethereum - displaying weak performances following the decision....
Concerns rise over surge in short-selling of battery shares
Korea's stock market is extending a volatile run in the face of a surge in short-selling of red-hot battery shares here. Data from the Korea Exchange showed investors' short-selling transaction volume on the benchmark KOSPI and secondary Kosdaq reached a monthly high in July.
KB expands presence in Cambodia via merger of 2 affiliates
KB Kookmin Bank is expanding its presence in Cambodia by merging its two affiliates there - Prasac Microfinance Institution and Kookmin Bank Cambodia. KB aims to intensify rivalry against the country's market leader ABA Bank. The combined net profit of Prasac and Kookmin Bank Cambodia is the second-largest following that of ABA in the Southeast Asian country in the first half.
Hong Kong linked ELF, ELT loss feared to snowball
Fears are mounting over the falling revenues of equity-linked funds (ELF) and equity-linked trusts (ELT) tracking Hong Kong's H-Shares Index after some of them - sold by Korean banks - incurred losses of around 4.03 billion won ($3.16 million).