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Golden Ten Data reported on June 5 that after a period of world-leading strong gains, South Korea’s $4.9 trillion stock market has begun to show signs of pressure. On the very day the South Korean KOSPI index reached a record high on Tuesday, only 2.6% of stocks touched a 52-week high, while as many as 31% of stocks fell to a 52-week low. Retail investors’ enthusiasm is also starting to cool, and at the same time, surging margin loans now face the risk of a possible interest rate hike by the Bank of Korea in July. As various risks continue to accumulate, investors are warning that if the market turns downward, the speed of the decline could match the previous rapid rise. “For now, compared to a deterioration in fundamentals, I am more concerned about signs of overheating in market positioning,” said Ha Seok Keun, Chief Investment Officer at South Korea’s Eugene Asset Management, “I expect that in the next one to two months, the market will enter a period of intensified volatility accompanied by consolidation.”

Adjusted earnings per share (EPS) for the second fiscal quarter was $1.64, a year-on-year increase of 290%. The full-year revenue forecast has been raised to $6.3 billion +/- $100 million, with the median of the year-on-year growth guidance range at 32%. Third fiscal quarter revenue is expected to be $1.625 billion +/- $50 million.Related article: High expectations overwhelm optical communications star? Ciena’s last quarter delivers strong results exceeding expectations, raises full-year guidance, yet stock still drops over 10% | Earnings Report Insights

According to Odaily, Bitcoin News posted on the X platform that Eric Balchunas from Bloomberg stated that Bitcoin needs to reshape its communication narrative by reducing expressions like “the baby boomer generation will be the buyers,” and instead emphasize more that Bitcoin is the best tool to hedge against fiat currency depreciation.