By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. A substantial softening of the ...
- A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.
A series of measures from China aimed at boosting domestic stock markets have had an immediate effect - China's benchmark index of blue chip stocks on Tuesday posted back-to-back gains of 1% or more for the first time since January. Cryptocurrencies, meanwhile, made a roaring comeback on Tuesday after a U.S. court ruled that the Securities and Exchange Commission should have approved an application from Grayscale Investments to create a spot bitcoin exchange-traded fund.
Investors won't need reminding of the reasons why foreigners have been net sellers of Chinese stocks via Stock Connect in 15 out of the last 17 trading sessions, and why disillusioned domestic investors are seeking exposure to overseas assets.
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