Asian stocks and crypto stabilize as risk-off and liquidity fears dissipate, for now
Asia market update: Asian stocks and crypto stabilize as risk-off and liquidity fears dissipate, for now; GOOG backs Anthropic; Focus on UK BoE.
General trend and developments
– Asian equities opened up after yesterday’s steep falls, but still volatile, with Korea’s Kospi going from +3% to slightly negative just in the first hour, then back to 1.2% up during the session. Overall Asian stocks saw reasonable recoveries (although noting that the Shanghai Composite did close slightly up yesterday).
– Bitcoin and Ethereum continued to creep back up above yesterday’s crash down to early summer prices levels.
– Google said to be in early talks to invest more in Anthropic at a valuation of >$350B.
– Japan PM Takaichi reportedly considering a…
