On Monday morning in Asia, Bitcoin (BTC) hit a trading price above $79,000 amidst a massive global Market sell-off. Meanwhile, the CoinDesk 20 index, which tracks the top digital assets, fell by 8%. Major stock markets experienced significant losses, with Hong Kong’s Hang Seng down over 8% and tech giants like Alibaba and Tencent seeing ...
Traders in Asia are feeling cautious today as they await China’s reaction to President Trump’s new tariffs. Trump has announced steep tariffs on goods from 180 countries, imposing a 54% total tax on Chinese imports. This situation puts pressure on China to respond, which could include devaluing the Yuan to make its goods cheaper in ...
As Asian markets open for the first full trading week of 2025, investors are keenly observing several developments. China’s currency and bond yields have sharply declined, raising concerns about the country’s economic outlook. Meanwhile, South Korea faces rising political tensions, and a major U.S.-Japanese corporate merger remains blocked. This week will also bring purchasing managers ...
As the first full trading week of 2025 begins, Asian markets are reacting to a drop in China’s currency and bond yields, alongside rising political tensions in South Korea and a stalled U.S.-Japanese corporate merger. Investors are also watching for purchasing managers index reports that will reveal how Asia’s major economies closed 2024. Despite a ...
Barclays reports that historically, when the Republican Party has unified control over the U.S. government, stocks tend to perform well. With only four instances of this since 1949, the S&P 500 showed median returns significantly higher during these periods compared to divided government. Sectors like financials, technology, and commodities particularly thrived. Meanwhile, BMO Capital Markets ...
