Asia stocks mixed as investors reassess AI bets; S Korea slides, China outperforms

DBS Group Research economist Ma Tieying analyzes the latest Bank of Korea (BoK) decision, noting a hawkish shift as the base rate is raised to 2.75%. The report now anticipates a faster tightening cycle, with the policy rate reaching 3.25% by year-end 2026. Growth is expected to benefit from the AI-driven semiconductor sector, while Consumer…

Bitcoin nears $65K resistance, breakout chances rise with improving momentum and higher lows. Bitcoin has rebounded from around $58,000 to trade near $63,000-$64,000, approaching a key resistance zone at the 50-day EMA near $64,600. Despite multiple tests, it has yet to break out decisively, but technical signals like higher lows and a rising…

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Stablecoins have long been pitched as a faster way to move dollars across borders. In Bolivia, they’re increasingly becoming a way to access dollars in the first place. The country’s recent proposal to recognize Tether’s USDt (USDT) for payments underscores how economic instability is driving adoption in many emerging markets.  Elsewhere, Bitcoin miners are discovering…

Bitget is a popular cryptocurrency exchange that allows users to buy, hold, sell, and trade cryptocurrencies with low fees. The platform offers various features that allow beginners and advanced traders to have a smooth trading experience and explore the web3 ecosystem. These features include a spot, futures, and margin trading interface, trading bots, Bitget launchpad,…