On November 22, 2024, Asian stocks experienced a notable rise, following gains from Wall Street that were largely driven by Nvidia's strong profit report. The Japanese Nikkei 225 increased by 1% to 38,415.32, while Australia's S&P/ASX 200 rose by 1% to 8,407.50, and South Korea's Kospi climbed 1.2% to 2,509.06 [9c54c4dd]. Nvidia's stock rose 0.5% after beating profit and revenue estimates, contributing to the positive market sentiment [9c54c4dd]. However, Hong Kong's Hang Seng fell 0.1% to 19,594.52, and the Shanghai Composite dropped 0.4% to 3,355.70, indicating mixed results across the region [9c54c4dd].
In the cryptocurrency market, Bitcoin briefly surged past $99,000 before settling around $98,925.87, marking a significant milestone in its ongoing rally [9c54c4dd]. This surge aligns with President-elect Donald Trump's ambition to position the U.S. as 'the crypto capital of the planet' [262b8c20]. In the U.S., the Dow Jones Industrial Average rose 1.1% to 43,870.35, while the Nasdaq composite edged up less than 0.1% to 18,972.42, reflecting a robust performance amidst rising geopolitical tensions [9c54c4dd].
Concerns regarding international relations have intensified, particularly following President Putin's announcement of missile launches in response to Ukraine's missile use, which has contributed to rising oil prices [9c54c4dd]. U.S. crude oil gained 17 cents to $70.27 per barrel, and the yield on the 10-year Treasury rose to 4.43% [9c54c4dd]. Additionally, Gary Gensler's impending resignation from the SEC has added uncertainty to the regulatory landscape for cryptocurrencies, further influencing market dynamics [262b8c20]. As investors navigate these developments, the interplay between market performance and global events remains a focal point for analysts and traders alike [816613cc].