| Bitcoin topped $93,000 for the first time. Equities lost steam in the final stretch of New York trading, with the S&P 500 almost erasing an advance partly fueled by in-line inflation data. Asia equity futures are mixed. Hong Kong's stock exchange will stay open through tropical storm Toraji, marking an end to the decades-old tradition of shutting with storms of signal No. 8 or above. Trump won the Republican trifecta, with the party holding the majority in both houses of Congress, which along with the White House. This gives the party unified government control and the ability to fend off many curbs on the incoming president's power. Trump met with Joe Biden in the Oval Office. The president-elect said "politics is tough" and he appreciates that Biden wants a smooth transition.  US President Joe Biden, right, and President-elect Donald Trump during a meeting in the Oval Office of the White House on Wednesday. Photographer: Al Drago/Bloomberg China is cutting taxes for home purchases, as the government tries to put a floor under falling prices and sustain an improvement in housing transactions. The new policies will be effective next month. Meanwhile, there's no need for Trump to gear up for a trade war with China, writes Daniel Moss for Bloomberg Opinion. China's economy has, since Trump's first win on 2016, revealed some acute vulnerabilities that don't seem to be going away. | 
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