Bitcoin has briefly crossed $17,000 and reached its highest levels since mid-November
Bitcoin briefly crossed $17,000 in Asia’s morning session for the first time since mid-November.
Bitcoin An increase of 2.2% over the previous 24 hours Currency Measurements and last traded at $16,863.07 per coin.
Ether Also up, trading at $1,268.46, up 4.74% in the last 24 hours.
– Jihye Lee
China’s factory activity misses expectations, contracts for second straight month
Official manufacture of China Code of Purchasing Managers November came in at 48, below the 50 points that separate growth from contraction.
That was lower than the expectation of analysts polled by Reuters, who had forecast 49. PMI stood at 49.2 in October.
PMI readings indicate monthly changes in sequential and factory activity.
– Off Abigail
Australia’s monthly inflation indicators show a slight easing
Australia’s consumer price index for October fell to 6.9% year-on-year, down from 7.3% in September. Monthly indicator By Australian Bureau of Statistics.
Rising prices of housing, food and non-alcoholic beverages, and transportation pushed the overall CPI index higher.
Bilibili Bob shares in Asia morning session
Stocks listed in Hong Kong Bilibili After the company rose to 12.7% in the Asian morning Revenue beat estimates for the third quarter of the year.
Net revenue came in at 5.79 billion Chinese yuan ($809.8 million), up 11% from the same period in 2021. Refinitiv estimates Eikon’s valuation at 5.52 billion yuan.
Net losses fell to 1.7 billion yuan, and average monthly active users grew 25% year-on-year.
Shares of a company listed in the US Up 22% overnight, Hong Kong shares were last up 8.47%.
– Off Abigail
South Korea, Japan industrial production data worse than expected
Industrial production in South Korea and Japan fell in October.
of Japan Early industrial production It fell 2.6% in October, according to a Reuters poll.
The reading marked the second straight decline after seeing a 1.7% decline in the previous month.
of South Korea Industrial production It fell 3.5% from a month ago, and missed expectations for a 1% decline. The reading marked the lowest since May 2020 when output fell 6.7%.
– Jihye Lee
China’s factory activity is expected to contract for the second month in a row
China’s official manufacturing purchasing managers’ index for November is expected to be 49, below the 50-point threshold that separates growth from contraction, according to a Reuters poll.
This is slightly lower than the 49.2 recorded in October.
PMI readings indicate monthly changes in activity and activity.
– Off Abigail
Asked about the change in policy, China says it is ‘closely monitoring’ the virus’s development
Chinese health officials, when asked if protests in the region could lead to changes in its zero-Covid policy, said officials were “firmly monitoring” Covid developments.
“China is following the virus and watching it closely as it evolves and mutates,” officials said, according to a translation of Tuesday’s briefing.
– Christine Wang, Evelyn Cheng
CNBC Pro: Goldman Sachs Currie says oil stocks are trading ‘well below’ their long-term trend
Jeff Currie, global head of commodities research at Goldman Sachs, told CNBC that historically, oil stocks have traded at a premium to crude oil prices relative to current price levels..
For example, the price gap between SPDR Oil and Gas ETF And ICE Brent Crude Oil The futures contract was at $66.60 on Tuesday. This is significantly lower than the $104 gap recorded in early January 2017, according to Koyfin data, as shown in the chart below.
China has announced measures to increase vaccination coverage for the elderly
Chinese health authorities published a plan According to a notification on the website of the National Health Commission, vaccination of the elderly should be increased.
Stocks listed in Hong Kong CanSino Biology Gains extended in the afternoon session and rose as much as 18% shortly after the announcement.
The announcement said authorities should use multiple data points to accurately identify target groups for vaccinating the elderly.
CNBC Pro: As Wall Street Falls, These Stocks With Marginal Growth May Be Safer Bets
Wall Street pros are worried about the stock’s outlook, and are urging investors to remain on the defensive. These stocks with marginal growth can be safe bets.
Pro subscribers can Read more here.
– Javier Ong
The Nasdaq and S&P 500 fell for a third straight day
The Dow Jones Industrial Average It closed down 3.07 points, or 0.01%, in higher intraday trade. The index closed at 33,852.53.
Meanwhile, the Nasdaq Composite It closed down 0.59% at 10,983.78. DHe is the S&P 500 It fell 0.16% to end at 3,957.63.
– Alex Haring
