Economy / Digital Currency

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KOSPI Drops 3.73% as Bitcoin Nears $82,500 During U.S. Trading

The S&P 500 was up 0.4% at midday, while Brent crude fell to $108.43 after trading above $111 earlier.

Updated 1 min read
Pedestrians pass the Korea Exchange building in Seoul's Yeouido financial district. / EconoTimes.ai
Pedestrians pass the Korea Exchange building in Seoul's Yeouido financial district. / EconoTimes.ai

Losses in South Korean and French stocks contrasted with a midday rise in the S&P 500 on Tuesday, as Bitcoin (BTC) gained ground and oil gave back earlier advances.

The KOSPI closed at 5,552.74, a 3.73% drop. France’s CAC 40 finished at 7,838.49, down 0.38%. The S&P 500 was 0.4% higher at 11:45 a.m. ET, or 15:45 UTC, before U.S. trading ended.

An earlier report on SK hynix’s decline put the chipmaker’s shares 31% below their Sept. 30 level as the KOSPI slid.

At 6:22 a.m. ET, or 10:22 UTC, Bitcoin was around $81,400. By 12:40 p.m. ET (16:40 UTC), it was trading close to $82,500.

Brent crude futures changed direction during the day. After trading above $111 a barrel, they stood at $108.43 at 11:45 a.m. ET (15:45 UTC).

In French bond trading, the 10-year government yield touched 4.9877% during the session. At 12:26 p.m. ET (16:26 UTC), it had eased to 4.88%.

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