Taking cue from Wall Street, which fell 2 percent on Monday, Asian stocks widened their losses amid growing fears that the more transmissible Delta variant would harm the global economic recovery.
Global shares and Asian markets rally after Federal Reserve painted a rosy picture of the US economic outlook, repeating a pledge to stick to its guns with an ultra-low monetary policy.
Swedish music streaming giant routs Wall Street estimates for first-quarter revenue and paid subscribers, recording a net profit of $27.8M as revenue rose by 16 percent year-on-year to $2.6 billion.
The electric car maker beat Wall Street's expectations for first-quarter revenue and profit, boosted by record deliveries, robust demand from China and environmental credit sales.
Cryptocurrency exchange Coinbase made a rousing debut on Wall Street , with shares of the digital currency exchange rising as high as $429, briefly giving it a market value over $100 billion.
Most Asia-Pacific share indexes followed Wall Street higher, with Hong Kong's Hang Seng leading gains in the region, while benchmark US Treasury yields continued their decline.
Bitcoin hit a record of $62,575 on Tuesday, extending its 2021 rally to new heights.
The global cryptocurrency market has grown exponentially in 2021 and is now worth a staggering $2 trillion as it increasingly attracts interest from big names on Wall Street.
Battle between economic optimism and fears about inflation and possible rate hikes that recovery will fuel has continued to play out on trading floors.
Tesla Inc’s stock extended its losses and is now down by a third from its January record high, making it the third time in about a year that the electric car maker’s shares have corrected that dramatically.
Many mega-corporations have rushed to invest, while others are announcing plans to support bitcoin.
After long being shunned by traditional financial firms, bitcoin and other virtual currencies appear to be increasingly entering the mainstream as an asset and routine payment vehicle.
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