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According to Jinse Finance, the South Korean stock market recorded its largest single-day gain in nearly a month on Tuesday, as hopes for a U.S. interest rate cut boosted risk appetite across global financial markets. The benchmark KOSPI index closed up 50.25 points, or 1.60%, at 3,198.00 points, marking the largest percentage increase since July 8. Out of a total of 934 traded stocks, 687 advanced while 190 declined. Net foreign capital inflow reached 291.9 billion won (approximately $210.31 million). Analysts at Samsung Securities noted that the probability of a Federal Reserve rate cut in September is close to 100%, which has driven the market higher. (Jin10)

According to a report by Jinse Finance, Matrixport shared the following market insights today: Despite ongoing discussions about an "altcoin bull market," there have only been two brief rebounds so far, concentrated in a handful of projects, with the overall market lacking sustained momentum. Although there was some intermittent activity in the fourth quarter of 2024, it failed to achieve broad-based expansion. Overall, the rebound lacks fundamental support, making it difficult for the market to generate sustained upward momentum. Matrixport remains cautious, believing that this round of gains may be hard to maintain. The rapid decline in funding rates also indicates that bullish sentiment has yet to gather effectively, and market enthusiasm remains to be seen.