Asian markets were mixed; India’s mutual funds saw inflows, while Bitcoin surged over $82,000 after Trump’s presidential win.
Market Trends and Economic Data
Asian markets showed mixed results as China announced a $1.4 trillion stimulus package, which was viewed as underwhelming amidst disappointing inflation data. The CSI 300 saw slight gains, while Hong Kong’s Hang Seng index fell over 1.5%. In India, the Sensex dipped below 74,500, but mutual fund inflows experienced a significant turnaround.
Bitcoin’s Rise After Trump’s Win
In cryptocurrency news, Bitcoin soared past $82,000 following Donald Trump’s presidential victory, with experts predicting it could reach $90,000 soon. This surge reflects investor enthusiasm for digital currencies. As we wrap up, stay tuned for further updates on these evolving market trends.
