At the opening bell, the Dow Jones Industrial Average rose 254.75 points, or 0.58%, to 44,243.74. The S&P 500 rose 13.3 points, or 0.22%, to 6008.86, while the Nasdaq Composite rose 68.6 points, or 0.36%, to 19355.338.

A White House more friendly to big tie-ups has helped Wall Street speculate about a merger between insurers Cigna Group and Humana, for example. It’s been so feverish that Cigna

By Ankur Banerjee SINGAPORE (Reuters) -Asian stocks tumbled on Tuesday dragged by Chinese markets and chip shares as investors worried about U.S. President-elect Donald Trump's policies, while bitcoin hit a record peak on bets on assets that are set to benefit from the new administration.

Bitcoin’s record-breaking rally took the digital asset past $89,000 and lifted the overall value of the crypto market above its pandemic-era peak as traders bet on a boom under President-elect Donald Trump.

Asian stocks eased while the dollar held at four-month highs on Tuesday, though all the excitement was centred on bitcoin as it soared to a record peak underpinned by investor bets on assets that are likely to benefit from Donald Trump's election win.

Bitcoin, the world's largest cryptocurrency, is hitting new records in the wake of president-elect Donald Trump's victory. Trump has promised to soften regulations on digital currency.