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NEW YORK: As benchmark Treasury yields rise amid expectations for stronger growth, the key question on investor minds is how high can they climb before spoiling the global risk-asset rally.
Hedge fund that hasn’t lost in a decade piles into Russian stocks
WHILE little exists intrinsically to judge the fair value of a digitized currency, comparing Bitcoin to other high-momentum assets of the past shows how heated its rally has become -- why it’s vulnerable to swoons like Monday’s.
NEW YORK (Bloomberg): A steep selloff in Bitcoin is fueling concern that the cryptocurrency bubble may be about to burst.
PETALING JAYA: The downside risk, especially for glove stocks, is likely minimal because of the limited room for short-selling activities, as well as the spike in the number of Covid-19 infections.
NEW DELHI: India’s key money-market rates and yields on short-term debt rose after the central bank took its first small step toward unwinding emergency pandemic measures.
KUALA LUMPUR: Last-minute buying interest on Bursa Malaysia sent the FBM KLCI higher, crossing the 1,600-level on Thursday.
SINGAPORE: Bonds nursed losses while stocks and commodities gained on Thursday in anticipation of a big borrowing and big spending Democrat administration driving growth, following runoff elections that gave the party control of U.S. Congress.
SEOUL: The 1,600% jump in a Covid-19 drugmaker loved by retail traders and big gains for electric-vehicle battery suppliers were among the top highlights this year in South Korea’s stock market.