Passersby walk past an electric monitor displaying the Japanese yen exchange rate against the U.S. dollar outside a brokerage in Tokyo - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.
The fog of uncertainty descended further over China's embattled property sector after it was reported on Wednesday that China's largest private lender Country Garden has defaulted on a U.S. dollar bond for the first time. Gold has risen almost 10% since Oct. 7 and has $2,000/oz in its sights. Bitcoin, meanwhile, rose for a seventh consecutive session on Wednesday, during which time it has appreciated almost 25%.The main Asian data point on Thursday will be South Korean GDP. Growth is expected to have slowed to 0.5% quarter-on-quarter on a seasonally adjusted basis from 0.6% in the April-June period, as high borrowing costs weighed on consumer spending and exports recovered at a slow pace.
A biotech firm founded by Vivek Ramaswamy turned $15 million into $5 billion by flipping a bowel-disease treatment that Pfizer gave it for free