Table of Contents
- 1 Bitcoin within reach of $100,000
- 2 Rebound in Tokyo, semiconductors in the lead
- 3 Chinese markets stall, Baidu collapses
- 4 **How do you foresee the impact of Donald Trump’s policies on the global balance of power in the financial world, particularly considering the potential establishment of a US strategic Bitcoin reserve?**
The Tokyo Stock Exchange climbs on Friday, November 22 at mid-session, boosted by semiconductors in the wake of Wall Street, while bitcoin crossed the $99,000 mark, a new record, still ignited by the “effect Trump.”
Bitcoin within reach of $100,000
The largest cryptocurrency by capitalization reached new highs during Asian trading, surpassing the $99,000 mark for the first time and reaching $99,368.31 around 06:20 GMT. It had exceeded $95,000 only the day before. Since Donald Trump’s victory in the US presidential election on November 5, the value of bitcoin has increased by 45%.
The new elected official will take office in January. “Bitcoin gained more than $3,000 (since Thursday morning) and is approaching the key level of 100,000 dollars: a surge fueled by the information that Donald Trump could create an official department responsible for cryptocurrencies within his government.and observed Kathleen Brooks, expert du broker XTB.
“Cryptocurrency has been the biggest beneficiary of Trump’s election: could he be the president who allows them to go mainstream, will Americans be able to use crypto to pay their taxes? There is a greater chance of this happening now.”she added. Donald Trump has promised to drastically ease regulations on the digital currency sector and could establish a strategic reserve of bitcoins in the United States, which could push other countries to grant more legitimacy to this virtual currency.
Rebound in Tokyo, semiconductors in the lead
On the Tokyo Stock Exchange, the flagship Nikkei index was up 0.96% to 38,389.20 points, and the broader Topix index was up 0.73% to 2,702.23 points. A rebound driven by securities linked to semiconductors, in the wake of a good performance from Wall Street the day before. “On the Japanese market, which recorded a clear correction recently, we expected a renewed appetite to occur”observed Keita Yamaguchi of Monex Securities.
Investors were finally relieved by the robust results of American chip champion Nvidia, standard bearer of the rise of artificial intelligence, even if its forecasts for sales and a decline in its margins had initially disappointed the market . After plunging on Thursday, Japanese groups linked to semiconductors, heavyweights on the Japanese coast, rebounded around 03:30 GMT: Tokyo Electron (+2.08%), Advantest (+0.80%)… In Taipei, the behemoth of the most sophisticated chips TSMC jumped 2.97%.
On the foreign exchange market, the Japanese currency was still trying to recover against the dollar: it was trading at 154.26 yen per dollar around 03:30 GMT.
Chinese markets stall, Baidu collapses
Chinese markets have lost ground, in markets still gripped by the persistent gloomy economic situation of the second largest economy in the world, the risk of increased trade tensions and the uncertain impact of Beijing’s recovery measures.
Around 03:30 GMT, Hong Kong’s Hang Seng index lost 1.29% to 19,348.36 points. The Shanghai composite index lost 0.99% to 3,336.93 points and that of Shenzhen lost 0.82% to 2,022.35 points. The Chinese Internet giant Baidu collapsed by 8.59% in Hong Kong after announcing on Thursday a 3% drop in its quarterly turnover, a reminder of the slowdown in its activity.
Oil prices continued to rise in Asian trade, against a backdrop of persistent geopolitical tensions – particularly around the Ukrainian conflict. The price of a barrel of Brent from the North Sea gained 0.24% to $74.41, and that of American West Texas Intermediate (WTI) gained 0.31% to $70.31.
**How do you foresee the impact of Donald Trump’s policies on the global balance of power in the financial world, particularly considering the potential establishment of a US strategic Bitcoin reserve?**
## World-Today-News Interview: Global Markets and the Rise of Bitcoin
**INTRO:**
Welcome to World-Today-News. Today, we delve into the dynamic shifts in global financial markets and the unprecedented rise of Bitcoin. We’re joined by two distinguished guests:
* **[Guest 1 Name and Credentials],** a leading economist specializing in Asian markets.
* **[Guest 2 Name and Credentials],** a prominent fintech expert with extensive knowledge of cryptocurrencies.
**Section 1: Bitcoin’s Meteoric Rise**
**Host:** Bitcoin has shattered expectations, reaching new highs exceeding $99,000. [Guest 2], what factors are fueling this remarkable surge, particularly in light of Donald Trump’s election victory?
**Possible Follow-up Questions:**
* Do you believe this upward trend is sustainable in the long term? What might trigger a correction?
* How will increased regulations impact Bitcoin’s growth and adoption?
* Could Bitcoin truly become a mainstream currency for everyday transactions?
**Section 2: The “Trump Effect” on the Financial Landscape**
**Host:** [Guest 1], Trump’s promises to ease regulations on digital currencies are generating significant buzz. How might his policies shape the global financial landscape, particularly in relation to traditional markets?
**Possible Follow-up Questions:**
* What are the potential benefits and drawbacks of a more relaxed regulatory environment for cryptocurrencies?
* How do you see other countries responding to the potential establishment of a US strategic Bitcoin reserve?
* Could this lead to a shift in global economic power dynamics?
**Section 3: Asian Markets: Semiconductors Lead the Charge**
**Host:** [Guest 1], the Tokyo Stock Exchange experienced a robust rebound driven by semiconductor stocks. What’s behind this resurgence, and what does it signal about the future of this sector?
**Possible Follow-up Questions:**
* How are geopolitical tensions and trade conflicts influencing the performance of semiconductor companies?
* What role is artificial intelligence playing in driving the growth of this industry?
* Will this momentum continue, or are there potential headwinds on the horizon?
**Section 4: Challenges in the Chinese Economy**
**Host:** [Guest 1], while Asian markets show some positive signs, the Chinese market seems to be struggling. What are the key challenges China faces economically, and how might they impact global growth?
**Possible Follow-up Questions:**
* What are the potential consequences of rising trade tensions on the Chinese economy and global trade patterns?
* How effective are China’s recovery measures in addressing these challenges?
**Concluding Remarks:**
**Host:** Thank you both for sharing your insightful perspectives on these critical developments in the global economy.
We believe these discussions are crucial for investors, policymakers, and individuals alike to navigate the complexities of an ever-changing financial landscape.
This interview structure aims to spark a dynamic conversation, exploring diverse viewpoints and encouraging deeper analysis of the topics covered in the article.
Let me know if you need further assistance tailoring these questions to specific guest profiles or focusing on additional topics from the article.
