Asia shares wobble while bitcoin and gold rally

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Key Points

SINGAPORE (Reuters) Asia shares dipped in and out of positive territory on Monday, under pressure from weakness in Hong Kong stocks, but bitcoin scaled a three-month peak as Trump trades continued to ramp up...

Optimism over Beijings slew of stimulus measures first announced late in September has turned into caution in recent days as investors look to further details of more fiscal support from policymakers...

That failed to excite Hong Kong markets, however, where stocks fell more than 1%, pushing MSCIs broadest index of Asia-Pacific shares outside Japan down 0.26%, a step back in sentiment after U.S. stocks posted a sixth straight week of gains on Friday...

(It) seems now that Trumps ahead in the key battleground states, which suggests hes quite well placed to regain the White House and I think the markets started to factor that in last week with the stronger equities, higher yields, U.S. dollar obviously doing very, very well and bitcoin on track for a 10% gain over the past week, said Tony Sycamore, a market analyst at IG...

One of the clearest Trump trades so far has been gold, given his belligerent stance on trade and willingness to weaponise the dollar, keeping demand for diversification well supported among emerging central banks, said Arun Sai, senior multi asset strategist at Pictet Asset Management...

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