Asia Stocks to Rise as Tesla Buoys US Tech Giants: Markets Wrap
Stocks in Asia rose, following a US tech rally and fresh economic data that rekindled hopes for US interest rate cuts.
Stocks in Asia rose, following a US tech rally and fresh economic data that rekindled hopes for US interest rate cuts.
Hong Kong is set to follow in the footsteps of the US by listing a batch of cryptocurrency exchange-traded funds, providing a window on whether the city is making progress on fashioning a hub for digital assets.
Gold’s record-setting rally this year has puzzled market watchers as bullion has roared higher despite headwinds that should have held it back. With prices sagging this week, the explanation may lie in China.
Just six days before its planned retail expansion, the crypto exchange Crypto.com postponed its launch in South Korea so it can communicate further with regulators.
China’s sovereign wealth fund likely bought at least $43 billion of onshore exchange-traded funds in the first quarter, Bloomberg’s analysis shows, shedding light on the extent of state rescue to stem a market tailspin.
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