Shares cling to hopes for tariff relief, bitcoin jumps

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SYDNEY: Asian share markets made guarded gains on Monday as investors waited anxiously to see if imminent tariffs would go ahead, while bitcoin surged on news it would be included in a new U.S.strategic reserve of cryptocurrencies.

Bitcoin, the world's largest cryptocurrency by market value, shot up 10% on Sunday before paring some gains on Monday to $93,230, while ether, the second-largest cryptocurrency, pulled back to $2,448 after climbing 13% a day earlier.

Across the Atlantic, the European Central Bank is widely expected to cut its rates by 25 basis points to 2.50% on Thursday following a run of weak data, and a move under 2% is expected by year-end.

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Category: EconomyBusiness

Markets: MalaysiaCanadaJapanMexicoUkraineUnited States

Topics: Asian Markets Tariffs Crypto PMI MSCI Federal Reserve /Business/Business News Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-03 @ 15:22:00 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 712 words

Reading Time: 4 minutes read

Sentences: 28 lines

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Copyright Owner: © The Star

News ID: 26614093

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Main Topics: EconomyBusiness

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