LONDON (Reuters) - World stocks edged lower on Monday, led by a broad sell-off in tech stocks that drove a risk-off mood across markets, with the dollar slipping to a ten-week low against the yen. REUTERS/Suzanne Plunkett/File photo away from the main markets, bitcoin's vertiginous ascent showed no signs of slowing down, with the cryptocurrency soaring to another record high just a few percent away from $10,000 after gaining more than a fifth in value over the past three days alone BTC=BTSP.
The broader STOXX 600 European share index was down 0.2 percent, having earlier traded slightly higher on the day. Earlier, Asian stocks retreated from a decade high, with MSCI’s broadest index of Asia-Pacific shares outside Japan.
SSEC also fell, losing 0.9 percent to hit a three-month low, having already been on a shaky footing due to a rout in the domestic bond market and fresh moves to reduce risks in the asset management industry that may bring a sea change for banks. SS] The dollar fell almost half a percent against the yen, a currency that is traditionally sought at times of investor uncertainty, to a 10-week low of 111.01 yen JPY=EBS.
“The Chinese stock market drop is reminiscent of the selloff that we saw in the summer of 2015, and that is causing some investors to become cautious going into the thin year-end markets,” said ING currency strategist Viraj Patel, in London. Bitcoin surged almost 5 percent to trade as high as $9,721 on the Luxembourg-based Bitstamp exchange, before easing back to just below $9,500 in volatile trade.
https://www.reuters.com/article/us-global-markets/tech-troubles-knock-stocks-bitcoin-eyes-10000-idUSKBN1DR02R
