In accordance with Bpaynews, global markets showed a mixed risk tone as a sharp selloff in China’s property sector reignited growth concerns. Vanke bonds dropped about 20% and shares fell 6% amid debt worries. Google’s in-house AI chips intensified competition with Nvidia, while Bitcoin and Ether remained range-bound ahead of the holiday period. Filecoin (FIL) rose 1.8% to $1.62, but XPL plunged 88% from its peak. Tariff-driven price hikes for consoles highlighted goods inflation risks, and Robinhood (HOOD) surged 207% year-to-date before a 25% pullback.
China Property Selloff Rattles Markets, AI Chip Rivalry Intensifies, Crypto Stalls
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