Bitcoin prices climb above $ 120,000
After the US House of Representatives passed a bill to create a regulatory structure for Stabechines, Bitcoin prices on Thursday increased to $ 1% $ 120,692.67, which are cryptocurrency for traditional assets such as US dollars.
Ether prices rose over 5% to $ 3,634.33.
The bill, which has long been advocated by the Digital Asset Industry, will now land on the desk of US President Donald Trump, which is expected to sign the law.
Bitcoin prices climb above $ 120,000
China Bazar Kickstart Trading Day High
Shares from the mainland China and Hong Kong opened up higher amidst mixed trade in the region.
The mainland was the CSI 300 0.27%of China, while Hong Kong’s Hang Seng index – which includes major Chinese companies – received 1.28%.
Hang Seng Tech Index, which tracks the largest technology companies listed in Hong Kong, increased by 1.73%.
-Le Ying Shan
Activist firm CEO says that South Korea’s corporate law reform bolts stock market generalization,
South Korea’s stock market was “seriously underwelled” for the last six to seven years, and “in the process of normalizing”, activist firm Torchlight Capital Partners CEO Sangyun Lee on Thursday stated the “Squock Box Asia” of CNBC.
It was passed in Parliament on 3 July after a recent amendment of the government. Amendment, which expanded the duties of the board members to protect the interests of minority shareholders, is seen as a way to promote foreign investor’s trust.
Amendment changes “Fundamental law which has been disappointing the major factors [South Korea’s] Stock Price, “Lee said.
Prior to the amendment, the board directors of a company can legally suppress the stock price without any result, he said. “The new law, which will be implemented very soon, is actually changing the real definition of nature and real duty.”
Benchmark Kopy Since the beginning of the year, the index was more than 33.16% and the price-to-book ratio was 1.07.
– Nicole Teo
TSMC shares climb more than 2% after the second quarter results
Australia climb to the stock market high record
Australia’s S&P/ASX 200 rose to a record of 8,689.4 at a high level of 0.58% during early business hours. Year after year, the benchmark index increased by 6.62%, shown data from LSEG.
Index heavyweights such as mining giants BHP and Rio Tinto are 1.7% and 1.32% above respectively. Biotech firm CSL is more than 1.7%.
Australia’s S & P/Asx 200 Hit Record High
Friday business opened in Asia Bazar Green
Asia’s markets started Trading Day higher. Japan’s benchmark Nikkei 225 rose 0.39% in the open, while the topics rose 0.26% by 8.02 pm in local time (8.02 pm ET Tuesday).
South Korea’s Kospi added 0.21% and Small-Cap Kosdack 0.28% more
Australia’s S&P/ASX 200 0.44%.
– Lee Ying Shan
Japan’s main inflation gets cold as expected in June, rice prices are coming below the height of 29 months.
In June, Japan’s main inflation cooled up to 3.3%, which fell below 3.7% of the 29 -month high of rice inflation, as rice inflation showed signs of ease.
This figure – which excludes costs for fresh food – was in accordance with the 3.3% required by economists voted by Reuters.
Headline inflation in the country fell to 3.3%, which fell below 3.5% in May.
The so-called “core-core” inflation rate, which excludes the prices of both fresh food and energy and is closely monitored by BOJ, climbed from 3.3% to 3.4% a month.
Read the full story here.
– Limited
Here are the initial calls for the day
Happy Singapore on Friday!
The Asia markets were ready to open high title over the weekend.
Japan’s benchmark Nikkei 225 was set for higher opening, Futures Contract in Chicago at 40,105 while its counterpart in Osaka was last traded at 40,060, against the final closes of the index at 39,901.19.
Australia’s S&P/ASX 200 was also on track to start the day with a benchmark futures at 8,650 compared to its last close to 8,630.
The futures for Hong Kong’s Hang Seng index were at 24,674, indicating a strong open to HSI’s last close to 24,498.95.
– Lee Ying Shan
Major Stock Index ends on Thursday
Crypto Regulation Bill proceeds after a record-setting house vote
The future of three crypto bills in the Congress remains uncertain after two days of the House Republican on the content of the law and the process of transferring it.
Late on Wednesday night, the House GOP finally approved the rules of debate for the Crypto Bill and a adjacent Pentagon Appropriation Package, allowing the bills to be considered. Vote was the longest in the House.
The three bills under consideration include one, the Genius Act, which passes the Senate in June, and two others who are proceeding first through the House: the Clarity Act and a bill that will prevent Federal Reserve from the establishment of the central bank digital currency.
Bitcoin has been trading at high levels of all time in recent times, fuel on institutional purchase of optimism on crypto law and institutional purchase of bitcoin exchange-traded funds (ETFs).
– Erin Doharti, Piya Singh
