Asian shares mostly declined Wednesday following a slip on Wall Street that snapped an eight-day winning streak, the longest of the year. Japan’s benchmark Nikkei 225 lost nearly 0.1% in afternoon trading to 38,026.02.
GlobalData forecasts a 2.8% dip in the furniture market due to the impact of interest rate hikes and a dampened housing market.
Solana-based perpetual decentralized exchange Drift Protocol unveiled BET, which stands for Bullish on Everything, a prediction market platform.
SINGAPORE (Reuters) -Asian shares slipped on Wednesday as a stellar rebound in world stocks paused for breath, while bond yields and the dollar fell ahead of U.S. economic data and speeches from policymakers that are expected to make the case for interest rate cuts. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.5%. Japan's Nikkei fell 1% at the open as a recovery from its collapse in early August runs into resistance around the 38,000 level, but it recovered to trade 0.3% lower in the afternoon.
According to Galaxy's Alex Thorn expects only 1,265 BTC, woth over $70 million, may be offloaded in the market.
Investors are grappling with the market implications of a possible Kamala Harris presidential administration, which could pressure corporate profits through higher taxes while weighing on consumer staples and boosting solar energy. Harris' nomination is in focus this week at the Democratic convention after her late entry following President Joe Biden's withdrawal tightened the race against Republican candidate Donald Trump. Investors’ views on markets are typically shaped by factors such as the economy's strength and the trajectory of interest rates, but the question of how a Harris White House could approach policy, regulations and taxation looms large.
The S&P 500 failed to extend its rally to a ninth day. Investors are adrift while they wait for new catalysts to restart the market's hot streak.
(Bloomberg) -- China’s tech stocks slumped on concerns over the country’s consumption outlook following Walmart Inc.’s plan to sell its stake in JD.com Inc. and poor earnings from key players. Most Read from Bloomberg‘Train Lovers’ Organize to Support Harris and Walz in Presidential BidPart of Downtown Montreal Is Flooded After Water Pipe BreaksClimate Disasters Are an Affordable Housing ProblemThe Hang Seng Tech Index was down 2.1% as of 11:20 a.m. local time, led lower by a 12% plunge in JD.co
Nvidia's $765 billion gain in market cap over eight trading days is more than the value of entire companies including Tesla, JPMorgan, and Walmart.
The ratings agency expects home prices to increase between 3% and 5% through year-end, despite an uptick in listings.
