Market

  • Asian markets advance on Japan-led risk rally; Korean stocks mixed
    Asian markets advance on Japan-led risk rally; Korean stocks mixed SEOUL, February 10 (AJP) - Asian markets rose Tuesday after Japan’s postelection surge extended into a second session, setting the tone for regional trading as South Korean stocks lagged the rally. Japan’s Nikkei 225 jumped 2.3 percent to close at 57,650.5, marking a second straight record. The benchmark has risen more than 6 percent in the two days since the election, as investors welcomed policy continuity and prospects for aggressive fiscal support. Elsewhere, Ch February 10, 2026
  • FSS probes Bithumb following ghost coin scandal
    FSS probes Bithumb following "ghost coin" scandal SEOUL, Feb 10 (AJP) -The Bithumb mispayment case is emerging as a major test for South Korea’s virtual asset regulatory system, as financial authorities move to use the findings to shape tougher oversight and future legislation. The Financial Supervisory Service (FSS) said Tuesday that it is focusing on whether Bithumb’s internal control systems complied with the Act on the Protection of Virtual Asset Users, particularly rules requiring exchanges to hold virtual assets February 10, 2026
  • AI rally, election boost lift Asian stocks led by Japan
    AI rally, election boost lift Asian stocks led by Japan SEOUL, February 10 (AJP) - Asian stocks extended gains Tuesday, led by Japan, as investor sentiment improved on a powerful mix of artificial intelligence enthusiasm and political clarity following a landslide election victory for the country’s ruling camp. Japan’s Nikkei 225 climbed more than 2 percent as uncertainty eased after Prime Minister Sanae Takaichi’s decisive win strengthened confidence in her “Strong Japan” economic agenda. Heavyweight tech February 10, 2026
  • Bithumb scandal sparks deep skepticism over  Koreas crypto exchange systems
    Bithumb scandal sparks deep skepticism over Korea's crypto exchange systems SEOUL, Feb 09 (AJP) - A “fat finger” blunder at Bithumb, South Korea’s second-largest cryptocurrency exchange, has become a windfall for a few and a nightmare for many, involving more than $40 billion in erroneous transactions and raising fresh concerns over the safety of crypto trading in Korea. At around 7 p.m. KST last Friday, a staff member attempted to distribute 620,000 won in prize money but mistakenly transferred 620,000 won worth of Bitcoin instead&mdash February 9, 2026
  • Assured leadership in Japan and AI bet refuel Asian markets
    Assured leadership in Japan and AI bet refuel Asian markets SEOUL, February 09 (AJP) - Reinforced political leadership in Japan and renewed optimism over artificial intelligence helped refuel Asian equities on Monday, reversing much of last week’s sharp selloff. Japan’s Nikkei 225 jumped after the ruling Liberal Democratic Party secured a landslide election victory, strengthening support for Prime Minister Sanae Takaichi and her “strong Japan” agenda. The Nikkei closed up 2.9 percent at 56,363.9, after briefly br February 9, 2026
  • CJ CheilJedang Q4 profit drops 15 pct on weak domestic sales
    CJ CheilJedang Q4 profit drops 15 pct on weak domestic sales SEOUL, February 09 (AJP) - CJ CheilJedang said fourth-quarter operating profit fell about 15 percent from a year earlier as weak domestic consumption offset gains from its overseas food business. Operating profit for the three months ended December reached 181.3 billion won ($124 million), down from 219.9 billion won a year earlier, according to regulatory filings on Monday. Revenue rose about 1 percent to 4.54 trillion won. For the full year, CJ CheilJedang posted revenue of 17. February 9, 2026
  • Nikkei tests new highs after sweeping Takaichi win, Seoul recoups last weeks rout
    Nikkei tests new highs after sweeping Takaichi win, Seoul recoups last week's rout SEOUL, February 9 (AJP) — Asian markets joined the celebration of a landslide victory by Japanese Prime Minister Sanae Takaichi in a rare vote of confidence just three months after taking office, reinforcing expectations for a stimulus-focused economic agenda and a tougher stance toward China. Takaichi’s Liberal Democratic Party and its coalition partner, the Japan Innovation Party, won 354 of the 465 seats in the lower house, giving the ruling bloc a more than two-t February 9, 2026
  • Seoul bourse ranks 8th in global market cap rank, up 2 notches from Dec
    Seoul bourse ranks 8th in global market cap rank, up 2 notches from Dec SEOUL, February 08 (AJP) - South Korea’s stock market has climbed to eighth place globally by valuation upon sustaining double-digit gains into the new year on the back of strong momentum in semiconductor and tech shares. According to the Korea Exchange, the combined market capitalization of the KOSPI, KOSDAQ and KONEX stood at 4,799.36 trillion won ($3.6 trillion) at Friday’s close, slightly edging Taiwan’s total of 4,798.68 trillion won as well as Germany. Th February 8, 2026
  • Korean crypto exchange Bithumbs bitcoin flop draws regulatory scrutiny
    Korean crypto exchange Bithumb's bitcoin flop draws regulatory scrutiny SEOUL, February 07 (AJP) -South Korea’s financial authorities moved swiftly Saturday after a major operational error at crypto exchange Bithumb led to the mistaken distribution of hundreds of thousands of bitcoins, triggering market volatility and raising fresh concerns over risk management in the digital asset sector. The Financial Services Commission (FSC) convened an emergency meeting at the Government Complex Seoul, chaired by Vice Chairman Kwon Dae-young, with officials f February 7, 2026
  • Coupang data breach victims file class action suit in New York seeking punitive damages
    Coupang data breach victims file class action suit in New York seeking punitive damages SEOUL, February 07 (AJP) - Victims of a massive Coupang data breach filed a class action lawsuit in a New York federal court seeking punitive damages from the e-commerce giant and its founder Kim Bom-suk. The suit, filed in the U.S. District Court for the Eastern District of New York, alleges Coupang breached its duty to protect personal data and failed to implement adequate security measures. The data leak affected about 33.7 million customer accounts. Two Korean Americans surna February 7, 2026