Japan markets set to dip; investors monitor bitcoin volatility
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SINGAPORE — Japan’s markets were set to dip on Monday, while investors will keep an eye on bitcoin prices after they fell sharply over the weekend.
Japan’s Nikkei futures contract at Chicago stood at 27,880 and its counterpart at Osaka at 27,790. Comparing this to the Nikkei 225’sThe last close was at 28029.57
Australia’s S&P/ASX 200Early trading was quiet, with the stock gaining 0.1%
Over in Hong Kong markets, four new stocks — including Chinese technology giants JD and Netease — will be added to the benchmark Hang Seng index. The latest update increases the number of stocks in the main index to 64, from the current 60 stocks.
At the same time, troubled Chinese property developer Evergrande will be removed from the China Enterprises index.
Evergrande was in deep debt and filed a file with the Hong Kong Exchange Friday stating that it had received a demand for $260 million to pay back.
The Group could be unable to pay its guarantees or other financial obligations. Creditors may demand that repayment be accelerated.
Bitcoin volatility
Cryptocurrency will be monitored by investors even after the fact bitcoin pricesThey were unstable throughout the weekend. dropping sharplySaturday afternoon in Asia. Bitcoin initially lost about 17%, or $10,000 — falling to a low near $43,000. It has since pared some lossesCoin Metrics estimates that the cryptocurrency has fallen to $49.309 It has still lost 13% over the past Friday, according to Coinmetrics.
The following currencies are available: U.S. dollar indexThe greenback was compared to a basket by its peers at 96.202. It continued its climb from 96.1 levels in the previous session.
The Japanese yenTraded at $112.98 per Dollar, little difference from the earlier. The Australian dollarThe price was $0.7014 up from $0.69 previously.
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