Global markets experienced volatility as China's property sector faced a sharp selloff, raising growth concerns. Vanke bonds fell by approximately 20%, and its shares dropped 6% due to debt issues. Meanwhile, Google's development of in-house AI chips has intensified competition with Nvidia.
In the cryptocurrency market, Bitcoin and Ether remained stable, showing little movement ahead of the holiday season. Filecoin (FIL) saw a modest increase of 1.8% to $1.62, while XPL experienced a significant decline, plunging 88% from its peak. Additionally, Robinhood (HOOD) has surged 207% year-to-date, despite a recent 25% pullback.
China Property Selloff and AI Chip Rivalry Impact Markets
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