Stock market today: Asian shares fall as China reports lackluster data, while bitcoin hits new highs
The IndependentThe latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Shares retreated Monday in Asia after China reported lackluster economic indicators for November, while bitcoin surged to fresh highs, topping $106,000. The price of the cryptocurrency has surged since the election in November given U.S. President-elect Donald Trump's bitcoin-friendly stance. South Korea's Kospi lost 0.3% to 2,486.47 as South Korean law enforcement authorities were pushing to summon impeached President Yoon Suk Yeol for questioning over his short-lived martial law decree and the Constitutional Court met to discuss whether to remove him from office or reinstate him. Broadcom surged 24.4% for the biggest gain in the S&P 500 after the semiconductor company beat Wall Street’s profit targets and gave a glowing forecast, highlighting its artificial intelligence products.