China’s President Xi Jinping called on citizens to join a "new Long March," a phrase he’s used before to characterize achieving progress despite hardship, as the U.S. weighs stronger restrictions on Chinese technology companies amid a deepening trade war.
Bitcoin held most of Monday’s 13 per cent surge as traders took in their stride another delay by U.S. regulators to approve a Bitcoin exchange-traded fund.
As rebounds get less robust, stock traders are taking precautions to shield themselves amid signs of a deepening impasse on trade.
The U.S. Securities and Exchange Commission is again delaying a decision on approving a Bitcoin exchange-traded fund, disappointing virtual-currency fans who have been speculating that the regulator would soon green-light the proposal by Cboe Global Markets Inc.
For investors who were accustomed to the invincible leadership of tech stocks, the bull case is looking shakier by the day.
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