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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. South Korea’s stock market has been supercharged by an investor frenzy over won-based digital money this month, following newly elected President Lee Jae-myung’s pledge to allow crypto assets backed by the national currency. Stocks that … Read more
A Russian ruble coin with a U.S. dollar bill and a quarter dollar coin in Moscow, on Oct. 10, 2023. Alexander Nemenov | AFP | Getty Images In the midst of a long-drawn war, declining oil prices, stiff sanctions, and an economy that’s on the downhill, Russia’s ruble has been rising. In fact, it is … Read more
MicroStrategy Inc., the business intelligence company that is now the biggest corporate holder of Bitcoin, has ranked as the best-performing cryptocurrency stock in 2024, according to The Block. The company’s stock climbed up to 402% on the year, pushing the company’s market cap to $83 billion. This continued the trend of MicroStrategy buying more Bitcoin … Read more
A Nvidia chip during the Taipei Computex expo in Taipei, Taiwan, on May 29, 2023. Bloomberg | Bloomberg | Getty Images Asia-Pacific stocks had a good run in 2024, with most major markets ending the year in positive territory, as the region’s central banks eased monetary policy while an AI boom lifted tech stocks. Taiwan’s … Read more
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