Asian markets stutter with focus on China as Trump picks team [Yahoo! Finance]
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Source: Yahoo! Finance
measures, while keeping tabs on the United States as president-elect Donald Trump builds his cabinet. The tepid start to the day came despite another record close on Wall Street, fuelled by expectations that Trump will push through promised business-friendly policies and hopes that his administration will be pro-crypto, which saw bitcoin push to a new record close to $90,000. While US investors are gearing up for another strong four years as Trump cuts taxes and eases regulations, their Asian counterparts -- particularly in China -- are keeping a wary eye on developments amid fears of another debilitating trade war. Beijing's failure to announce any new stimulus at Friday's much-anticipated news conference has dampened sentiment on trading floors this week, taking the wind out of investors' sails after a raft of measures unveiled at the end of September fuelled a market rally. However, some observers said the decision may have been down to Chinese officials keeping their powde
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