Asian markets were mixed; India saw stable mutual fund inflows, while Bitcoin surged above $82,000 after Trump’s victory.
Market Trends Overview
Asian markets displayed mixed results as investors reacted to China’s underwhelming economic stimulus and weak inflation data. While the CSI 300 saw slight gains, Hong Kong’s Hang Seng declined over 1.5%. Indian stocks remained relatively stable, with the Sensex finishing below 74,500 and the Nifty above 24,100 amidst mutual fund inflows increasing significantly.
Bitcoin Rally and IPO Developments
Bitcoin surged past $82,000, fueled by Donald Trump’s recent presidential win, with expectations it may exceed $90,000 soon. In the IPO sector, LG Electronics plans to raise $1.5 billion through its Indian arm listing, attracting major banks for the process. Stay tuned for more updates from Business Hook!
