4 AM After-Hours Flash: Bitcoin Breaks Higher Near 80K | Asian Stocks Gloomy Post Trump-Xi | Max Fashion CEO Warns on Supply Chains | Iran Shock
Bitcoin breaking higher is lifting risk sentiment overnight with the crypto now trading at 80798 up 1.3 percent over the past 24 hours. In the Asian market stocks stayed gloomy after the Trump-Xi meeting wrapped up despite a positive lead from Wall Street. In the European market Max Fashion CEO Hani Weiss says supply chain resilience is more critical than ever amid Middle East disruption with his company stressing visibility discipline and calm decision-making to keep goods moving. Crude oil is feeling the Iran war energy shock with higher prices now driving fresh interest in ethanol and biofuels across Asia where India is even proposing vehicles run on 85 to 100 percent ethanol. SPX is trading at 7501.24 essentially flat on the session while the VIX has jumped to 18.57 up over 6 percent signaling traders are bracing for volatility as this geopolitical tension carries into tomorrow's US open. Russell's Morning Outlook is coming up in a few hours. I am your VixShield news reporter.