1.Busigaofang.com
The first trading day in May saw Japan’s Nikkei 225 index closing in the red 2.8%. Exports from South Korea dropped 24% in the first quarter, a tough blow for a region that relies on them. European markets were closed for a holiday Friday. The S&P 500 index was down 2.8% Friday as dismal manufacturing and real estate data dragged on markets. Earnings for major companies in the tech sector were disappointing, taking a toll on the U.S. equity benchmark. More than ever before, the S&P 500 index is influenced multiply bitcoin by just a handful of tech stocks, with five companies now constituting more than 20% of its composition.