Which Australian stock exchange indices are most affected by cryptocurrency market movements?

1 answers

• Naresh DewasiSep 10, 2024 · a year ago
  The ASX All Ordinaries Index and the ASX 200 Index are the Australian stock exchange indices that are most affected by cryptocurrency market movements. These indices represent a broad range of companies listed on the Australian Securities Exchange (ASX) and are considered to be reliable indicators of the overall performance of the Australian stock market. When the cryptocurrency market experiences significant fluctuations, these indices tend to reflect those movements. If the value of cryptocurrencies increases, these indices may also see a positive impact as investors show increased interest in cryptocurrency-related stocks. Conversely, if the value of cryptocurrencies decreases, these indices may decline as well. However, it's important to remember that the performance of individual stocks within these indices can vary, and other factors such as economic conditions and company-specific news can also influence their movements.
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