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The South Korean government is considering postponing the cryptocurrency gains tax from January 2025 to January 2028, coinciding with the introduction of comprehensive crypto regulations in July. These regulations aim to enhance investor safety by mandating that service providers keep at least 80% of user deposits in cold storage and ensure proper insurance coverage and record-keeping. The new law also imposes strict requirements on exchanges to prevent unfair trading practices and protect user assets.
Asian shares mostly declined following a record-setting day for the Nasdaq ahead of the Federal Reserve's upcoming interest rate decision. Tokyo's Nikkei 225 fell 0.2%, while Chinese markets continued to slide, with the Hang Seng down 0.1% and the Shanghai Composite losing 0.7%. In the U.S., the S&P 500 rose 0.4% and the Nasdaq climbed 1.2% to a record close, driven by strong performance from Broadcom. The Fed is expected to announce a third consecutive rate cut, aiming to support the job market as inflation stabilizes near its 2% target.
Under Armour, Inc. has received a Buy rating from UBS. The company specializes in the development, marketing, and distribution of branded athletic performance apparel, footwear, and accessories for men, women, and youth across various global markets, including North America, EMEA, Asia-Pacific, and Latin America. Its products are sold through wholesale and direct-to-consumer channels, as well as e-commerce platforms and physical stores.
Under Armour, Inc. has received a Buy rating from UBS. The company specializes in the development, marketing, and distribution of branded athletic performance apparel, footwear, and accessories for men, women, and youth across various global markets, including North America, EMEA, Asia-Pacific, and Latin America. Its products are sold through wholesale and direct-to-consumer channels, as well as e-commerce platforms and physical stores.
Under Armour, Inc. specializes in developing, marketing, and distributing branded sportswear, footwear, and accessories for men, women, and youth. The company operates across four regions: North America, EMEA, Asia-Pacific, and Latin America, utilizing both wholesale and direct-to-consumer sales channels. In the EMEA region, sales are primarily through independent wholesalers and e-commerce, while in Asia, distribution includes partnerships and online platforms.
Asian stocks fluctuated as the dollar remained stable ahead of key central bank meetings, with expectations of a U.S. rate cut and the Bank of Japan maintaining its current stance. Bitcoin hovered near its record high, while the yen struggled amid low rate hike prospects. The Fed's upcoming dot plot will be closely watched for indications of future monetary policy adjustments.
The chairman of the Korea Exchange, Jeong Eun-bo, has urged South Korea to quickly institutionalize its crypto market to enhance competitiveness amid ongoing political turmoil that has stalled regulations until 2025. He emphasized the need for lawmakers and financial institutions to recognize the growing influence of digital assets, warning that continued treatment of cryptocurrencies as speculative could hinder market development. Despite calls for revitalization, all crypto-related policies remain on hold due to the political crisis, with discussions expected to resume in early 2025.
Asian shares showed mixed results following a record-setting day for the Nasdaq, as investors await the Federal Reserve's interest rate decision. Tokyo's Nikkei 225 rose 0.2%, buoyed by technology stocks, while Chinese markets declined amid disappointing economic data. South Korea's Kospi fell 1% amid political turmoil, while Australia's S&P/ASX 200 gained 0.8%. The Fed is expected to cut rates for the third consecutive time, with projections for future rate changes and economic indicators to be revealed post-meeting.
Asian shares showed mixed results following a record-setting day for the Nasdaq, as investors await the Federal Reserve's interest rate decision. Tokyo's Nikkei rose 0.2%, while Chinese markets declined, reflecting disappointment over economic policy announcements. The S&P 500 reached an all-time high, driven by expectations of further rate cuts, as Bitcoin surged past $107,000.
Asian shares showed mixed results following a record-setting day for the Nasdaq, with Tokyo's Nikkei 225 gaining 0.2% while Chinese markets declined. Investors await the Federal Reserve's interest rate decision, with expectations of a third consecutive cut to support the job market. Bitcoin reached a new high, boosting MicroStrategy shares, while oil prices fell slightly.
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south korea plans to delay cryptocurrency taxation until 2028
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asian shares decline as nasdaq hits record ahead of fed meeting
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asian markets mixed as nasdaq hits record ahead of fed meeting
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05:12 17.12.2024
mixed asian shares follow nasdaq record ahead of federal reserve meeting
United States Dollar
Japanese Yen
Euro
MicroStrategy Incorporated
Broadcom Inc.
SoftBank Group Corp.
THA
AUS
KOR
CHN
USA
TWN
JPN
Donald Trump
Yoon Suk Yeol
Stan Choe
Masayoshi Son
Jerome Powell
Stephen Innes
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05:12 17.12.2024
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