Traditional metrics for bear markets may not fully capture shifts in investor sentiment and market structure in the crypto space.
(Bloomberg) -- Chinese stocks in Hong Kong snapped a six-day winning streak, as renewed fears of an expanding US-China trade war weighed on sentiment.Most Read from BloombergHow Did This Suburb Figure Out Mass Transit?Trump Signs Executive Orders on Federal Purchasing, Office SpaceLA County Floats Leaner Budget Burdened by Fire and Legal CostsThe Hang Seng China Enterprises Index closed down 2.6% to be among Asia’s worst performers on Wednesday. The mainland benchmark CSI 300 Index ended up 0.3%
Dogecoin (CRYPTO: DOGE) was created as a joke by two friends in 2013. The Doge meme was sweeping the internet at the time, and they used it as inspiration to launch Dogecoin. It went on to become one of the world's most valuable cryptocurrencies in 2021 when its market capitalization topped $90 billion, helped by influential figures like Elon Musk who started promoting it online.
ASML reported net bookings that significantly missed analysts’ expectations in the first quarter, although it maintained its guidance for 2025. CEO Christophe Fouquet highlighted uncertainties around the macro environment and downside risks to the company’s performance this year.View on euronews
A human and machine view of the markets today.
(Bloomberg) -- Technology stocks fell as new US government restrictions on the export of Nvidia Corp. chips to China and a disappointing report from Dutch chip-equipment maker ASML Holding NV fanned trade war concerns.Most Read from BloombergHow Did This Suburb Figure Out Mass Transit?Trump Signs Executive Orders on Federal Purchasing, Office SpaceLA County Floats Leaner Budget Burdened by Fire and Legal Costs$15 Million Fund Bets Leadership Training Can Improve Chicago PolicingPresident Donald
Inflation eased back last month, paving the way for interest rate cuts as economists said “Storm Donald” would limit price rises but hurt growth.
A slump in majors came as Chinese stocks in Hong Kong extended their losses to as much as 2.9% after Wednesday’s open despite the Chinese economy growing 5.4% in the first quarter.
It's been a sea of red in Asia so far on Wednesday, with new U.S. moves turning up the heat in the trade war with China, but at least the losses have been relatively shallow compared with other down days of the past few weeks. Washington issued new export licensing requirements for Nvidia's H20 and AMD's MI308 artificial intelligence chips to China. Nvidia's shares slumped 6% in after-hours trading, after it said the move would cost $5.5 billion.
Stock market investors are bound to feel a degree of trepidation following recent economic events. After all, the near-term outlook for inflation, interest rates and GDP growth has been turned on its head by the prospect of extreme US tariffs. Indeed, the potential for further heightened uncertainty may be sufficient to convince some equity investors to seek shelter in other mainstream assets.
