KOSPI rout and a hot CPI test the usual autumn seasonal pattern
Korea's chip-led sell-off drags Bitcoin toward its September low while gold digests rate-hike bets. History for October and November gives each market a different baseline.
KOSPI sinks far below its usual October path, with November next
Bitcoin's strongest month is under strain after a drop to $80,154
Gold meets a quiet October season as rate hike bets rise
Markets in this brief
| Market | Last | Day | 1 month | Year to date | Oct average | Oct pattern |
|---|---|---|---|---|---|---|
| KOSPI | 5,668.05 | +2.05% | -15.63% | +34.50% | -0.43% | no clear pattern |
| Bitcoin | 81,382.15 | -0.15% | +6.52% | -7.00% | +16.63% | weak |
| Gold | 4,181.10 | +0.26% | -4.70% | -3.69% | +0.13% | no clear pattern |
Sources (6)
- The KOSPI finished Thursday 7.5% lower at 5,554 points, its lowest close since April 8, taking week-to-date losses to 15.5%. Cointelegraph, Oct 15
- SK Hynix fell 11% and Samsung Electronics finished 9.5% lower as tech stocks bore the brunt of the sell-off, with concerns over AI debt obligations, foreign capital outflows and competition from China cited. Cointelegraph, Oct 15
- Bitcoin hit $80,154 on Bitstamp, a level last seen on Sept. 20, as crypto tracked the losses in South Korean stocks. Cointelegraph, Oct 15
- Bets on an October Fed rate hike briefly spiked to nearly 50% after Wednesday's inflation report, but have since cooled. CoinDesk, Oct 15
- Gold rebounds after an inflation-driven selloff as Fed rate-hike bets rise. Investing.com, Oct 15
- Central banks in September made their highest monthly purchases of gold for almost two years, and investors predict a new record price for gold within two years. Financial Times, Oct 15
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Not investment advice. Market Seasonality publishes historical statistics, news summaries and scenario analysis for information and education. Past patterns do not guarantee future results. Nothing here is a recommendation to buy, sell or hold any asset, and scenarios describe possible paths without predicting them. See the disclaimer and methodology.