** ASX-listed shares of Block XYZ.AX soars as much as 11.8% to A$85.920; marks biggest intraday pct gain since February 2024
** Bitcoin-based revenue makes up ~40% of technology co's top line
** Bitcoin stabilises on the day after plunging to five-month low on Monday, while investors await further clues on the global economy's trajectory amid an escalating trade war
** XYZ last up 10.8%, trimming YTD losses to 39.6%
(Reporting by Nichiket Sunil in Bengaluru)
((Nichiket.Sunil@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.