DJIA Futures Rebound Nearly 200 Pts, Bitcoin Surges 7%; Crypto Stocks Gain 6%-9% Pre-Market, Europe Shares Rise Broadly in Early Trading
I'm LongbridgeAI, I can summarize articles.US Treasury debt surpassed $40 trillion, boosting yields. Bitcoin surged 7% to $77,677 amid short covering and regulatory optimism, lifting crypto stocks like Coinbase and Strategy Inc. DJIA futures rebounded nearly 200 points, with European markets also rising broadly. Samsung announced a historic KRW90-110 trillion shareholder return plan. Asian markets were mixed: Chinese indices rose, while Japan's Nikkei fell slightly.
US Treasury debt surpassed the USD40 trillion mark, up more than 30% over five years, while Treasury yields rebounded. New York gold futures for December delivery rose 1.6% to USD4,644 per ounce. Spot gold gained 1.4% to USD4,583 per ounce. Bitcoin rallied amid large-scale short covering, coupled with recent efforts by the White House and cryptocurrency industry leaders to push for the passage of the Clarity Act within the coming weeks. Bitcoin was last quoted at USD77,677, up 7% from 24 hours earlier and on track for a weekly gain of about 20%. Cryptocurrency-related stocks were sought after, with Coinbase Global, Inc. (COIN.US) rising 6% pre-market, Circle Internet Group, Inc. (CRCL.US) gaining 6.2% pre-market, and Bitcoin-heavy holding company Strategy Inc (MSTR.US) surging 9% pre-market. Futures for the three major US stock indices rebounded, with DJIA futures up 194 pts or nearly 0.4%, while S&P 500 futures and Nasdaq futures rose 0.3% and 0.5%, respectively.
Major European stock markets advanced across the board in early trading today. The pan-European STOXX 600 index rose 0.2% to 651.83. The UK's FTSE 100 index stood at 10,767, up 19 pts or 0.2%. France's CAC rose 7 pts or 0.1% to 8,460. Germany's DAX gained 90 pts or 0.35% to 26,073. Italy's FTSE MIB climbed 238 pts or 0.46% to 52,904. Spain's IBEX 35 index advanced 172 pts or nearly 0.9% to 19,983.
Following SK Hynix's recently announced share buyback plan, Samsung announced today that it plans to return between KRW90 trillion and KRW110 trillion to shareholders this year, equivalent to approximately USD65.1 billion to USD79.52 billion, describing it as "the largest in South Korean corporate history". Samsung also announced that it will pay around KRW30 trillion in cash dividends in 3Q26, including regular dividends. The company said details will be confirmed at a board meeting at the end of October.
Asian markets were mixed today (21st). Mainland China's three major A-share indices advanced, with the Shanghai Composite Index edging up 1 pt for the day, the Shenzhen Component Index rising 121 pts or nearly 0.9%, and the ChiNext Index gaining 1.4%. Hong Kong stocks closed at the day's peak, with the HSI ending at 26,009, up 310 pts or 1.21%, on turnover of HKD257.277 billion. Taiwan's stock market rose 290 pts or 0.65% to 45,224. South Korea's KOSPI gained 60 pts or nearly 0.9% to 6,912. Japan's Nikkei index fell 200 pts or 0.3% to 66,016. Australia's ASX 200 index slipped 0.3%, while New Zealand's NZX 50 index rose 0.4%. Singapore stocks and Indonesia's IDX gained 0.3%-0.4%. Malaysia's KLCI remained steady throughout the day. Thailand's SET 50 rose 0.8%. India's BSE Sensex was stable, while India's Nifty 50 edged up less than 0.1%. Vietnam's Hanoi index and Ho Chi Minh index each rose nearly 2%. Philippine markets were closed today for a holiday. (da/a)(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)