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Finance & Markets

[Closing Market] KOSPI Gives Back Early Surge, Holding Just Above 7,017

The domestic stock market on Sept. 22 showed an explosive rebound in early trading driven by the strength of global tech stocks, but gave back most of its gains due to worsening supply and demand and the emergence of profit-taking sales during the session, closing in slightly higher territory. In th

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EU Central Banks Push to Eliminate Stablecoin Deposit Rule

Europe’s central banks say stablecoin deposit regulations could mean less stability for lenders. The European System of Central Banks (ESCB) published a paper Tuesday (Sept. 22) in response to Europe’s Markets in Crypto-Assets (MiCA) regulation, which requires stablecoin issuers to hold 30% of their reserves as bank deposits, or 60% for…

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