Asian markets were mixed; China’s stimulus underwhelmed, India saw stable equities, and Bitcoin surged post-Trump’s win.
Market Trends and Economic Data
Asian markets displayed mixed trends as investors reacted to China’s $1.4 trillion stimulus plan, which fell short of expectations. Disappointing inflation data, with October’s rate at 0.3%, added to market uncertainty. In India, equities remained stable, with the Sensex below 74,500 and Nifty slightly above 24,100.
Mutual Fund Growth and Bitcoin Surge
Positive developments emerged in the mutual fund sector, with October inflows reaching 2.4 lakh crore rupees, signaling strong domestic confidence. Meanwhile, Bitcoin soared past $82,000 following Trump’s victory, with predictions suggesting it may surpass $90,000 soon.
