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04:29
A South Korean lawmaker warns that the KOSPI Index has “become a casino” and calls for the delisting of leveraged ETFs.
Golden Ten Data reported on July 6 that concerns are mounting among South Korean lawmakers over the risks associated with single-stock leveraged ETFs, with an opposition lawmaker calling for the delisting of such products. On Monday, Ahn Cheol-soo, a Member of Parliament from the conservative People Power Party and former presidential candidate, posted on social media calling for strong corrective measures, including delisting, for South Korean leveraged ETFs that track Samsung Electronics and SK Hynix. He wrote that the Korea Composite Stock Price Index (KOSPI) “has become a casino,” and described such products as a “complete policy failure that erodes trillions of won in corporate value and national wealth every day.” His statements have heightened the concerns of policymakers and investors about the risks of these ETFs. These products are designed to deliver twice the return of the underlying stocks, and their mechanical rebalancing process requires buying more as prices rise and selling more as prices fall—potentially amplifying market volatility.
04:20
Thailand's inflation cools again, reinforcing the central bank's stance on keeping interest rates steady
Golden Ten Data reported on July 6 that Thailand's overall inflation rate slowed for the second consecutive month in June, despite ongoing underlying price pressures, reinforcing the central bank's view that the recent rebound in prices is not sufficient to support an immediate rate hike. Data released by Thailand's Ministry of Commerce on Monday showed that the Consumer Price Index rose by 2.42% year-on-year in June, down from 2.79% in May and below the market's median expectation of 2.7%. The easing in overall inflation indicates that the inflationary impact of this year's oil price shock may have peaked in April, alleviating market concerns about entrenched inflationary pressures in Thailand arising from rising energy costs. Economists expect that inflation in the Philippines, with June data to be released on Tuesday, may also moderate. The Bank of Thailand has consistently argued that the rise in inflation is temporary and expressed its willingness to temporarily look past short-term price pressures to support economic growth.
04:17
UOB Kay Hian: Thai stock market likely to be supported by improved economic outlook
Golden Ten Data, July 6 — UOB Kay Hian analysts stated that the Thai stock market is expected to benefit from improved economic prospects and remain optimistic about the market in July. The institution pointed out that the Bank of Thailand recently raised the 2026 GDP growth forecast from 1.5% to 2.3%. Inflation remains at a reasonable level, staying within the central bank’s 1%-3% target range. The current real negative interest rate environment is likely to direct funds from the government bond market into the stock market, offering investors opportunities for returns that outpace inflation.
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