Sensex gains 308 points as IT and pharma lift Indian shares; Kospi ends down 3.6%
Indian benchmarks closed higher on Friday despite a slide in Asia and the Binance hack. The Nifty finished back above 23,000, but broader markets lagged.
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US Fed holds rates at 3.75-4% in split vote; two officials wanted a hike
Governor Lisa Cook and Cleveland Fed President Beth Hammack dissented. Markets still expect a rate rise in December as US inflation runs at 3.7%.
BREAKING2 min read
Binance hit by suspected $6.3 billion hack, the largest crypto theft on record
Binance now says it has found more than one point of breach, and expects withdrawals to resume within about two days. Investigators point to a North Korea-linked group.
Binance, the world's largest cryptocurrency exchange, says about $6.3 billion in digital assets was affected by a security breach that began late on Thursday, October 29. If the figure holds, it would be the largest theft in the history of crypto, roughly four times the $1.5 billion taken from the Bybit exchange in February 2025.
In a statement, Binance said its preliminary investigation suggests a software engineer's laptop may have been compromised, giving the attackers access to internal systems and allowing them to start unauthorised withdrawals from the exchange's internet-connected "hot" wallets. The company said it had found no evidence that any wallet private keys were leaked.
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