Most Asia-Pacific stock indices rose, Bitcoin approached $100,000, gold increased, and the US dollar climbed to a 13-month high
Chip stocks lead the Asia-Pacific market, with SK Hynix rising nearly 5% and Taiwan Semiconductor up 3%. The Trump team's regulatory stance on cryptocurrencies is relatively friendly, with Bitcoin breaking through $99,000 to reach a new high. The dollar index regains upward momentum, putting pressure on non-U.S. currencies
NVIDIA's overnight gains dispelled concerns in the chip industry, leading to a rebound in Asia-Pacific tech stocks, with most major market indices rising. The escalation of the Russia-Ukraine situation has strengthened gold.
On November 22 (Friday), the MSCI Asia-Pacific Index rose by as much as 0.7%, with Japanese and South Korean indices collectively closing higher, and the Indian index rising over 1%. Tech chip stocks led the market, with SK Hynix up nearly 5%, Taiwan Semiconductor rising 3%, and Tokyo Electron increasing over 2%. European and American stock index futures rose slightly, with Dow futures up 0.1% and the Euro Stoxx 50 index up 0.1%.
Reports indicate that the Russian military tested a new type of medium-range hypersonic missile during operations against Ukraine, leading to a broad rise in commodity prices, with Brent and WTI crude oil slightly higher, and spot gold rising about 0.9% to $2,693.
Bitcoin broke through the $99,000 mark, setting a new historical high. Previously, the Trump team considered establishing a cryptocurrency position in the White House for the first time.
The dollar index regained upward momentum, putting pressure on non-dollar currencies. Currently, the dollar index has risen for the third consecutive day, climbing to a 13-month high. The British pound, Australian dollar, and Swiss franc all fell against the dollar. IG Asia strategist Jun Rong Yeap stated, "The dollar is rising again, and developments in the Russia-Ukraine situation may have driven some safe-haven funds into the market."
【15:20 Update】
The Taiwan Stock Exchange Weighted Index rose 1.5% to 22,904.32 points. Taiwan Semiconductor increased by 3.0%. The Nikkei 225 index closed up 0.7% at 38,283.85 points. The Tokyo Stock Price Index rose 0.5%. The South Korean KOSPI rose 0.8%, with SK Hynix up nearly 5%.
European and American stock index futures rose slightly, with Dow futures up 0.1% and the Euro Stoxx 50 index up 0.1%.
Commodity prices rose broadly, with Brent and WTI crude oil slightly higher, and spot gold rising about 0.9% to $2,693.
According to CCTV News, on November 21, Russian President Vladimir Putin delivered a speech. Putin stated that on the 21st, the Russian military conducted a joint strike on Ukrainian military-industrial enterprises. During the operation, the Russian military tested a new type of medium-range hypersonic missile codenamed "Hazelnut." This missile can strike targets at a speed of 10 Mach, and currently, no missile defense system can intercept this type of missile. Putin emphasized that the missile was not equipped with a nuclear warhead.
Bitcoin breaks through the $99,000 mark, setting a new historical high.
The US dollar index sees its third consecutive day of gains, while the British pound, Australian dollar, and Swiss franc decline against the US dollar.
