Business
ASX to fall as Nasdaq hits record high, while bitcoin faces risk of tougher US regulation – ABC News
Australian shares are expected to open lower, despite Wall Street’s technology index hitting a new record high, while bitcoin slumps on fears of tighter regulation…
Australian shares are set to open lower as US technology stocks drove the Nasdaq climbed to its highest level ever.
Key points:
- The ASX 200 is trading near an 11-month high
- Bitcoin hit a record high ($US42,000) on January 8
- Markets have risen on bets the Biden administration will pass a $US1.9t stimulus package
But the other main Wall Street indices, the Dow Jones and S&P 500, were flat.
Overseas investors are betting new US President Joe Biden and central banks will introduce trillions of dollars…
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