CNBC Daily Open: Bitcoin dances close to $100,000 — but strategists are divided on its prospects
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here .
European markets closed higher
U.S. markets were closed for the Thanksgiving holiday on Thursday. Asia-Pacific markets mostly fell on Friday. South Korean markets led declines, with the Kospi index dropping 1.88%. Japan's Nikkei 225 lost roughly 0.5% as investors assessed Tokyo's 2.6% inflation rate in November. Bucking the trend, China's CSI 300 rose around 1.2%.
Tighter tungsten export control by China
China will start limiting exports of tungsten this weekend, as part of measures that control the flow of goods that can be used for both military and civilian purposes. It's a stark reversal of the past decades, when China controlled 80% of the tungsten supply chain, according to Argus. To make up for the drop in supply, companies are looking to open or resume production in tungsten mines.
Looser chip export ban by U.S.
Shares of global semiconductor suppliers, such as ASML and Tokyo Electron, jumped on Thursday on reports that the U.S. might implement export restrictions that are less strict than expected. The report stated that the U.S. is considering adding fewer of Huawei's suppliers to an export blacklist.
NewJeans wants to divorce from Hybe sublabel
Hybe, South Korea's largest K-pop agency, lost over $423 million in market capitalization after shares plunged as much as 6.97% on Friday. It was triggered by popular girl group NewJeans' announcement that it was ending its contract with Hybe sublabel Ador because of an alleged breach of contract.
[PRO] Hedging against possible tariffs
The European