$BTC remains around $92,000 when the Asian market opens, up about 2.3%, stabilizing temporarily after recent volatility. The total market capitalization of the crypto market has rebounded to $3.23 trillion, with $ETH at $3,035 and $XRP at $2.14. Trading volume remains cautious as investors await the delayed U.S. employment data and the Federal Reserve's next policy signal.

Asian stock markets surged significantly due to Nvidia's strong earnings report and CEO Jensen Huang's optimistic outlook on AI chip demand. The Japanese Nikkei index rose by 3.2%, the Korean Kospi increased by 2.6%, and the Taiwan stock market also benefited from the strong performance of semiconductor and supply chain companies. Samsung Electronics, SK Hynix, and Advantest saw gains between 4%–9%, while SoftBank Group also rose by 3.5%. The MSCI Asia-Pacific index rebounded by 1.2%, with U.S. stock futures trending higher simultaneously.

However, the Hong Kong and mainland China markets showed weakness. The Hang Seng Index slightly fell by 0.1%, and the main indices in the mainland switched from gains to flat. Xiaomi faced pressure due to rising chip costs leading to higher global smartphone price expectations, and the electric vehicle sector continued to decline due to the expiration of subsidies and slowing demand.

On the macro level, the delayed release of U.S. employment data and the Federal Reserve's interest rate policy remain focal points for the market. The minutes from the October meeting indicated that despite the Federal Reserve having cut interest rates, officials warned that excessive easing could lead to entrenched inflation and diminished public trust. The strengthening dollar has also suppressed risk appetite.

Conclusion/Insight: The rebound of technology stocks in the Asian market and the stabilization of Bitcoin show that risk assets still have resilience amidst macro uncertainty. However, the weakness in the Chinese market and the undecided Federal Reserve policy remind investors that short-term volatility may still intensify. Monitoring U.S. employment data and interest rate paths will be key in determining the market direction before the end of the year.

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