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Wall Street's five-day losing streak is now dragging Asian markets lower, showing that weakness in US stocks is spreading across regions. Bitcoin's move above $70,000 stands out as the one bright spot, driven by a specific political event rather than broad market optimism.
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Asian stocks (MSCI Asia Pacific) fell 0.2%, following a rough session on Wall Street where the S&P 500 dropped 0.9% and the Nasdaq 100 fell 0.7% — its fifth straight loss. Bitcoin jumped above $70,000 for the first time in over two months, reaching near $72,600 after a meeting between Trump and crypto leaders.
Wall Street's five-day losing streak is now dragging Asian markets lower, showing that weakness in US stocks is spreading across regions. Bitcoin's move above $70,000 stands out as the one bright spot, driven by a specific political event rather than broad market optimism.
FirstSquawk·08/21, 07:31 AM
Jin10·08/19, 07:34 AM