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China Stock Rally Pauses as Focus Remains on Reopening

Chinese stocks traded volatile on Wednesday after a dizzying rally as investors assessed the nation’s reopening path amid a spread in infections and moves to crack down on Covid protests.
Bitcoin Climbs to Two-Week High Ahead of Speech by Fed’s Powell

Bitcoin spiked higher Wednesday in the countdown to a speech by Federal Reserve Chair Jerome Powell that may cement expectations for a slower pace of interest-rate hikes in the US.
Asian Stocks Poised to Follow US Equities Lower: Markets Wrap

Volatile trading pushed stocks between losses and gains in Asia as investors weighed Covid developments in China and awaited a speech from Federal Reserve Chair Jerome Powell later Wednesday.
FTX’s LedgerX to Make $175 Million Available for Bankruptcy Pot

LedgerX -- one of the few corners of Sam Bankman-Fried’s crumbled crypto empire that remain solvent -- is preparing to make available $175 million for use in FTX’s bankruptcy proceedings, according to people with knowledge of the matter.
Oil Rises a Third Day on OPEC+ Cut Chatter, Falling Stockpiles

Oil rose for a third day after industry data pointed to a substantial draw in US crude stockpiles and investors counted down to an OPEC+ meeting that may see the group agree to cut production.

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