South Korea's justice minister had said last week the ministry was preparing a bill to ban cryptocurrency trading, which sent bitcoin prices plummeting.
Trump suggested during his remarks that he'd like to take a more aggressive approach to the drug crisis _ but the country's not ready for what he has in mind.
Buoyed by overnight gains on Wall Street, Tokyo's Nikkei began the first day of trading in 2018 by rallying more than 2 percent. Crude oil prices were at 2-1/2-year highs, helping fuel inflation expectations.
Bitcoin had surged to a record high of $19,666 on Sunday in the lead up to exchange giant CME Group's launch of its bitcoin futures. It has since lost about a third of its value.
Minutes from the Reserve Bank of Australia's (RBA) December meeting released on Tuesday showed policymakers were encouraged by improved economic data, though weakness in consumer spending was still a "significant risk."
The value of exports to China, Japan's largest trading partner, rose 25.1 percent year-on-year in November to 1.38 trillion yen ($12.24 billion), the highest monthly amount on record, led by equipment to manufacture liquid crystal displays (LCD).
"While there are no obvious signs yet, we do expect a modest slowdown in Chinese growth in coming months," said Steve Waddington, portfolio manager at Insight Investment, which has A$930 billion ($712 billion) in assets under management.
Bitcoin is the world's most popular virtual currency. Such currencies are not tied to a bank or government and allow users to spend money anonymously. They are basically lines of computer code that are digitally signed each time they are traded.
On Friday, Germany's Social Democrats (SPD) agreed to open exploratory talks on forming a government with Chancellor Angela Merkel, providing a chance to end a rare period of political deadlock in Europe's largest economy.
Trump often praises Fox News, the conservative cable news channel that has given him favorable coverage and is also owned by Murdoch but not included in the sale.
The Fed said Wednesday that it's lifting its short-term rate by a modest quarter-point to a still-low range of 1.25 per cent to 1.5 per cent.
"I am surprised the Alabama outcome is not having a bigger impact on the dollar," said John Marley, head of FX strategy at Infinity International, a currency risk management firm.
The IMF said the sub-committee it has recommended should report to Beijing's new Financial Stability and Development Committee.
Analysts said uncertainty has weighed on the financial markets. Gold and US Treasuries rallied following the news as Wall Street fled to safe haven assets immediately.
The overall package is a blend of generous tax cuts for businesses and more modest tax cuts for families and individuals. It would mark the first time in 31 years that Congress has overhauled the tax code, making it the biggest legislative achievement of President Donald Trump's first year in office.
Congressional Republicans scrambled on Wednesday to reformulate their tax bill to satisfy lawmakers worried about how much it would expand the federal deficit, as the measure moved toward a US Senate floor vote later this week.
Republican Senator Bob Corker said on Monday that he could oppose his party's tax bill over deficit worries. The euro edged up 0.1 percent to $1.1907, after scaling a two-month peak at $1.1961 on Monday.
Offshore one-year non-deliverable forwards contracts (NDFs), considered the best available proxy for forward-looking market expectations of the yuan's value, traded at 6.7745, 2.15 percent weaker than the midpoint.
Financial and consumer discretionary stocks led the gains, with Public Bank Bhd and Genting Bhd adding 0.2 percent and 1.2 percent, respectively. Meanwhile, the Philippine market rose 0.5 percent, led by real estate and industrial stocks.
The Australian dollar rose 0.1 percent to $0.7586 against the bogged down dollar, putting a bit of distance between a five-month trough of $0.7532 plumbed overnight on dovish-sounding Reserve Bank of Australia policy meeting minutes.
The alliance would target opportunities in China’s $500 billion food retail sector, where online and offline operators see benefits in joining forces to pool consumer data and enhance their competitiveness. Alibaba calls the strategy "New Retail".
The euro slid broadly in early Asian trade after news of the breakdown of the coalition talks among German parties reached the market, but later pared some of its losses. Against the yen, the euro was last down 0.4 percent on the day at 131.65 yen.
"I think pension reform will be done, it could be done this year, next year," he said. "That will be very important to somehow shield from any unexpected turbulence....The stronger the better, and the sooner the better."
US Senate Republicans on Tuesday linked repealing a key component of Obamacare to their ambitious tax-cut plan, raising new political risks and uncertainties for the tax measure that financial markets have been monitoring closely for months.
Overseas holders of Spanish stocks and bonds -- and indeed owners of euro zone assets in general -- have been quick to dismiss comparisons with a succession of rolling sovereign debt crises that hit the euro zone between 2010 and 2012.
US commercial crude oil inventories fell by 2.4 million barrels in the week to Oct. 27 to 454.9 million barrels.
More than half of the Chinese creditors to Huishan and its chairman, Yang Kai, had "signed an agreement to act in concert and support, in principle, an overall debt restructuring", the firm said in a statement to the Hong Kong stock exchange.
HSBC posted a 5 percent drop in adjusted revenue in fixed income, currencies and commodities business during the quarter. Some of its European rivals such as Barclays saw the same business fall by more than 20 percent in the period.
The latest lunge lower came after a surprisingly strong reading on US economic growth supported expectations for a December rate hike from the Federal Reserve.
Over the weekend, China's securities regulator approved nine IPOs that will raise a total of 9.5 billion yuan ($1.43 billion), more than double the average funds raised in the past weeks.
The Bank of Japan is set to keep policy unchanged at its two-day meeting ending on Tuesday, while the US Federal Reserve will hold a two-day policy meeting ending on Wednesday at which it is expected to leave rates unchanged.
For the week, Nikkei has risen 2.3 per cent, on track to post seventh straight weekly gains, the longest weekly winning streak in almost a year.
While China's full-year 2017 growth should easily beat the government's target of around 6.5 percent, economists believe it will lose momentum next year.
Although Prime Minister Shinzo Abe's ruling party is expected to maintain a solid majority, the memory of recent election upsets in the United Kingdom and elsewhere has kept investors cautious. The dollar fetched 112.22 yen, little changed on the day.
One of the main reasons why inflation has spiked over the past year is related to the pound's 15 percent or so drop fall since the country voted to leave the European Union in June 2016.
Last year Zimbabwe spent more than $80 million on fruit and vegetables, according to national statistics agency Zimstat.