HONG KONG – Markets fell in Asia on Friday in holiday-thinned trade with investors awaiting developments in US stimulus talks, while bitcoin hit a new record as it crept towards $50,000.
Oil prices also retreated from their 13-month highs after investors were given a reality check on expectations for demand this year, despite expectations the global economy will see a strong recovery.
Equities across the planet have rallied this year on the back of vaccine rollouts, falling infection and death rates, and optimism US President Joe Biden will push through most of his $1.9 trillion rescue package.
Hopes for his spending deal were given a boost Thursday by news that fi…
Keep on reading: Markets, oil drop in Asia but bitcoin edges towards $50,000