Asian stocks struggle as China support plan falls flat, bitcoin hits record

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The story "Asian stocks struggle as China support plan falls flat, bitcoin hits record" was covered 2 days ago by Channel News Asia, a news publisher based in Singapore.

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Asian stocks struggle as China support plan falls flat, bitcoin hits record - Channel News Asia

Quick Summary:

The selling came as investors ignored another record for all three markets on Wall Street, which was also helped by another Federal Reserve interest rate cut.

Authorities in late September began unveiling a raft of policies aimed at reigniting the economy, which has failed to fire since the lifting of tough COVID-19-fighting rules at the end of 2022.

Meanwhile, bitcoin continued to push to new highs, hitting a record US$81,891 on Monday on optimism that Trump will ease regulations surrounding the cryptocurrency.