KOSPI Surges 11.5% This Week, Nikkei Hits Record Highs

South Korea's KOSPI rises 11.5% this week, ending a seven-week decline. Japan's Nikkei 225 hits record closing highs as US market gains spill over.

Woofun AI reports that South Korea's KOSPI index rose 11.5% this week, ending a seven-week decline trend.

Meanwhile, the Nikkei 225 hit record closing highs as US stock market gains spilled over to Japan's market.

In other developments, Zhipu released GLM-5.3, and a key crypto regulation meeting was canceled, increasing uncertainty amid advancing SEC oversight. Binance will adjust price precision for multiple U-basis perpetual contracts. A whale holds 2,000 BTC in short positions worth $125.37 million with a $1.79 million profit. CXMT's market cap reached $540.5 billion, second only to Intel. SK Hynix reported a loss of 3.98 trillion Korean won due to bond exchange and rising stock prices. An ECB survey showed encrypted payment acceptance by offline Eurozone merchants is less than 1%. Analysis indicates 41.5% of holders sold assets, with 2025 BTC purchase turnover close to past bear markets.