Asian Stocks Climb Amid Chip Gains and Bitcoin Surge
TL;DR Summary
Asian stocks rose on Friday, driven by gains in chipmaking and cyclical stocks, despite ongoing tensions from the Russia-Ukraine conflict. Japanese and South Korean markets saw notable increases, with tech sectors performing well, while Chinese stocks lagged due to a lack of stimulus details. Indian markets continued to suffer from losses linked to the Adani Group's legal troubles. Inflation concerns in Japan suggest potential rate hikes by the Bank of Japan.
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- Ron Insana: Bitcoin could be the mother of all manias as it soars toward $100,000 CNBC
- Stock market today: Asian stocks track Wall St's gains with Nvidia report and bitcoin surge Yahoo Finance
- Small Caps Rally, Alphabet Plummets, Bitcoin Flirts With $100,000: What's Driving Markets Thursday? Benzinga
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