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

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.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChinaHong Kong

Topics: 2024 Last China Week Trump Economy Cuts Trade Monday Fell Markets

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-11 @ 18:02:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 634 words

Reading Time: 4 minutes read

Sentences: 27 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 23513453

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 61 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 41 minutes ago

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