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Asian shares slip, bitcoin extend losses as inflation worries linger

Also weighing on digital coins was a new Chinese ban on financial institutions providing services related to cryptocurrency transactions

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Asian Shares | Bitcoin falls

Reuters  |  TOKYO 

By Hideyuki Sano TOKYO (Reuters) - Asian stocks dipped and cryptocurrencies extended losses on Wednesday as uncertainties over inflation prompted investors to reduce exposure to riskier assets for now. Also weighing on digital coins was a new Chinese ban on financial institutions providing services related to cryptocurrency transactions. MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.3% though Hong Kong and South Korea are closed for holiday. Mainland China's CSI300 slipped 0.6% while Japan's Nikkei lost 1.1%. Wall Street stocks slid ...

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First Published: Wed, May 19 2021. 08:41 IST
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