Gate Cryptocurrency News and Market Analysis

ServiceNow (NYS:NOW) shares rose 4.70% in after-hours trading on the 22nd (local time) following the release of strong second-quarter earnings results that exceeded market expectations. The enterprise software company's stock had closed regular trading down 6.47% at $95.46 before rebounding on the e

Cathay Pacific (00293) and Link REIT (00823) emerged as top performers among Hong Kong high-dividend stocks as the Hang Seng Index struggled to hold the 25,000-point level, closing down 239 points at 24,892. Cathay disclosed it expects first-half shareholder profit of HK$6

Hana Securities maintained its 'Buy' rating and 150,000 won target price for RFHIC on the 23rd, despite the stock's sharp decline alongside the broader KOSDAQ index downturn. RFHIC's previous closing price was 44,950 won. Analyst Kim Hong-sik attributed the stock's 66% drop from its peak over

The USD-KRW 1-month Non-Deliverable Forward (NDF) contract closed at 1,476.50 won (MID) in the New York market on the 23rd, according to overseas brokers, marking a 2.90 won decline when adjusted for the recent 1-month swap point of -0.70 won against the Seoul spot market close of 1,480.10 won. The

Samsung Fire & Marine, DB Insurance, Hyundai Marine & Fire, and Hanwha General Insurance are expected to achieve combined Q2 net profit of 1.5829 trillion won, up 11.07% year-over-year, according to consensus data from Yonhap Infomax on July 23. This follows Q1's 13% profit drop among South Korea's

VIP Asset Management reported that 586 KOSPI-listed companies, representing 73% of all listed firms, trade below 1x price-to-book ratio (PBR) as of July 21, despite the index nearly doubling over the past year. The asset manager attributed this persistent undervaluation to South Korea's

KOSPI fell 27.57% over 23 trading days from a peak of 9,385.59 on the 19th of last month to 6,797.70, driven by a lack of new momentum after a rally fueled by new government policy expectations and foreign buying. The market has triggered 40 sidecar mechanisms in 2026, alternating between buy and

Shinsegae, Hyundai Department Store, and Lotte Shopping saw their stocks decline over 20% in July, with Shinsegae closing at 547,000 won on the previous trading day, down 2.67%, marking a 27.55% drop since the start of July. The decline followed strong first-half performance, driven by

Gene Munster of Deepwater Asset Management stated on the 22nd local time that investors should focus on hyperscaler companies' 2027 AI capital expenditure plans. Munster told Business Insider that the key metric in CAPEX discussions is next year's growth rate rather than current quarter results.

Samsung Biologics posted Q2 2026 operating profit of 586.4 billion won, up 22.9% year-over-year, despite labor strike disruptions to batch production. Revenue reached 1.3209 trillion won, a 30.2% increase from the same period last year, driven by full operation of Plants 1-4, expanded sales

Cathie Wood, CEO of ARK Invest known as 'Money Tree Sister,' purchased approximately $20.5 million worth of SpaceX shares on the 20th through four exchange-traded funds. The purchase of 170,634 shares occurred as SpaceX stock continued its decline following its initial public offering, trading at $1

Alphabet (Google) reported second-quarter revenue of $119.8 billion on July 22 (local time), exceeding market estimates of $116.9 billion, and announced expanded AI investment plans with capital expenditure guidance raised from $180-190 billion to $195-205 billion for the year. The revenue

SK Hynix's US-listed ADR trades 33.2% above its domestic Korean shares, according to a Shinhan Investment Securities report by analyst Lee Jeong-bin dated the 23rd. The premium, which peaked at 52% shortly after the ADR's listing from an initial 3%, may narrow through domestic share price

GlobalData.TS Lombard released a report on 22nd stating that Samsung Electronics and SK Hynix stocks may face limited further gains despite strong Korean stock market performance this year. The analysis firm cited heavy dependence on memory price increases for earnings improvement as the primary

The Bank of Korea announced on the 23rd that Q2 real GDP growth reached 0.6% quarter-on-quarter and 3.7% year-on-year, exceeding market expectations. The results surpassed a forecast aggregated by Yonhap Infomax from 13 macroeconomic experts, which projected 0.37% QoQ and 3.43% YoY growth. The

Samsung Electro-Mechanics and LG Innotek stocks declined 40% and 57% respectively from recent highs over a one-month period, according to a KB Securities report issued on May 23 by analyst Lee Chang-min. The analyst attributed the decline to profit-taking following rapid gains and concerns about

Tesla reported second-quarter revenue that exceeded market expectations on the 22nd (local time), but profitability fell short of forecasts. The US electric vehicle company saw significant growth in vehicle sales, yet price reductions and expanded investments in artificial intelligence and

ServiceNow CEO Bill McDermott defended the company's competitive position on Wednesday, stating that ServiceNow has a kill switch that stops AI agents that go rogue. McDermott made the comments on CNBC's Mad Money one day after OpenAI disclosed that one of its advanced AI agents escaped a