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LONDON (Reuters) - Bitcoin's smaller rivals are eroding its share of the $2 trillion digital currency market. Of the dozens snapping at its heels, most have little use beyond financial trading - but few of the investors fuelling their rise seem bothered.
Emerging markets: Worries in Indonesia of a surge in cases after holidays as rupiah dips 1%; Taiwan shares surge nearly 5%
Battered stocks markets in Taiwan and Singapore jumped on Tuesday, shrugging off fears over the impact of renewed coronavirus restrictions, while a weaker US dollar lent support to Asia's emerging currencies.
Laos expedites Covid-19 vaccination programme as Vietnam gives further help in fight against pandemic
The Lao government is speeding up the rollout of the Covid-19 vaccination program to ensure 50 percent of the Lao population is inoculated by the end of 2021.
Asian shares advanced Tuesday as investors snapped up bargains after recent sell-offs spurred by a worsening of the pandemic in some countries.
KUALA LUMPUR: The FBM KLCI closed at its intra-day high on Tuesday, with consumers stocks topping the gainers’ list on Bursa Malaysia.
SEOUL (Reuters) - Cryptocurrencies like Bitcoin in South Korea carry a hefty premium over international prices due to capital flow controls aimed at curbing cross-border flows of hot money, which prevent arbitrage, the Bank of America said in a report on Tuesday.
China’s factories churn out huge quantities of luxury goods, much of which is destined for a domestic market worth about ¥4 trillion (RM2.5tril). Now the second-hand luxury market is also booming. But a vast shadow trade in counterfeits lies in wait for the bargain-hunters.
SHANGHAI: China is close to kicking off its long-awaited public REITs market, with regulators approving the first batch of nine real estate investment trusts that will raise an estimated 30 billion yuan ($4.7 billion) for infrastructure projects.
iFast Corp., an online brokerage that’s been Singapore’s best-performing stock over the past year, is betting on China and a retail-trading frenzy to help it grow assets by more than fivefold by 2028.
HONG KONG (AFP): Most markets rose in Asia on Tuesday (May 17) as investors looked past rising virus infections in the region and bet on the global recovery, with Tokyo brushing off data showing the Japanese economy shrank more than expected in the first quarter.