Global Markets Juggle Asian Share Swings and Rising Cryptocurrency Buzz

Asia shares fluctuated amid weak Hong Kong stocks, while bitcoin reached a three-month high as Trump-related trades gained momentum. Gold surged due to global uncertainties and the U.S. presidential election. Despite China's rate cut and index gains, Hong Kong markets fell, awaiting further stimulus details.

Asia shares wavered between gains and losses on Monday, largely impacted by underperforming Hong Kong stocks. Meanwhile, bitcoin soared to a three-month high as Trump's trade actions buoyed market confidence, while gold prices hit record levels amid global turmoil and U.S. election tensions bolstering its allure.

Investor optimism over China's recent stimulus measures has waned, with markets waiting for more policy details. Despite the People's Bank of China reducing lending rates as expected, Chinese stock indices experienced mixed results, although a strong performance from tech companies lifted the Beijing Stock Exchange 50 Index by 14%.

U.S. election predictions showing increased bets on a Trump victory added complexity to the market landscape, boosting equities, the dollar, and cryptocurrency while applying pressure on bonds. Oil prices also bounced back slightly after last week's drop, with Brent crude rising to $73.49 a barrel.

(With inputs from agencies.)