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markets retreat as postelection euphoria fades amid economic concerns
U.S. markets retreated after a week of postelection enthusiasm, with the S&P 500 down 0.29% and the Dow Jones Industrial Average falling 0.86%. Asian markets followed suit, led by a 2% drop in South Korea’s Kospi. Oil prices are predicted to fall to $30-$40 a barrel if OPEC+ unwinds output cuts, while Swiggy's shares surged 15% on its trading debut in India. Bitcoin briefly reached $90,000 but settled at $86,895.50, with expectations of hitting $100,000 later this year. Investors are now focused on upcoming inflation data, anticipating a rise in the consumer price index.
Tokyo Stock Exchange employee investigated for suspected insider trading
An employee at the Tokyo Stock Exchange is under investigation for suspected insider trading, raising concerns for the organization amid its efforts to enhance corporate governance. Japan Exchange Group Inc. is fully cooperating with the Securities and Exchange Surveillance Commission's inquiry into the matter.
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