On Thursday (December 5th), Asian stock markets generally rose, while the foreign exchange market remained relatively calm as traders digested the impact of the political crises in France and South Korea. Bitcoin has surpassed the $100000 mark for the first time. Looking at this trading day, the market is paying attention to last week's initial jobless claims data, while waiting for Friday's non farm payroll report.

The Japanese and Australian stock markets rose. The South Korean stock market fell due to the appointment of a new Defense Minister by South Korean President Yoon Suk yeol before the upcoming impeachment vote and the brief imposition of martial law.

This kind of political noise is really difficult to predict, "Park Seok Gil, Chief Economist of JPMorgan Korea, said in an interview with Bloomberg TV about the situation in South Korea. He pointed out that the proposal has become a key point of disagreement in this week's turbulent situation, and "it will eventually be passed, but it may drag down the economy in the short term

The Hong Kong stock market fell, while the Chinese stock market remained relatively stable. US stock index futures fell.

Despite the political instability in South Korea and France causing uncertainty, the global bullish sentiment is dominated by the latest remarks from Federal Reserve Chairman Jerome Powell and the rise in US technology stocks. The S&P 500 index hit a new historical high overnight, and traders are waiting for the non farm payroll data to be released on Friday.

Powell stated at the DealBook summit of The New York Times that the US economy is performing well and the downside risks in the labor market have weakened. He also pointed out that Federal Reserve officials can remain cautious when lowering interest rates to neutral levels (i.e. levels that neither stimulate nor suppress the economy).

Evercore's Krishna Guha commented that Powell's remarks were "somewhat hawkish, but did not challenge market expectations for a December rate cut, which is consistent with our consistent view

The Federal Reserve's Beige Book - one of Powell's most closely watched economic indicators - shows a slight increase in economic activity in November, and businesses are more optimistic about the demand outlook.

The benchmark index of the Singapore stock market is expected to reach a historic high, driven by the improved prospects of the banking industry. In addition, Robinhood Markets Inc. announced that it will enter the Asian market next year and choose Singapore as its regional headquarters. The Straits Times Index is the best performing stock index in Southeast Asia this year, rising 18%.

In the foreign exchange market, the price of US treasury bond bonds rose slightly and the US dollar index remained stable.

The Japanese yen strengthened on Thursday, trading around 150 against the US dollar. A previous local media report has lowered market expectations for the Bank of Japan's interest rate hike this month. The Korean won has fallen, and policy makers are calling on financial markets to remain calm after the nationwide crackdown on martial law.

The euro is facing further pressure due to the Paris budget dispute. French far right leader Marine Le Pen and left-wing coalition oppose Prime Minister Michel Barnier's government, making the prospects for investors even more uncertain. However, as the results were announced after the end of regular trading, the market had already largely digested the impact ahead of schedule.

Bitcoin continued its upward trend from Wednesday, breaking through the $100000 mark for the first time. The achievement of this historic milestone is related to President elect Donald Trump appointing a cryptocurrency supporter as the head of the US securities regulatory agency.

Oil prices have stabilized after falling, and traders are paying attention to Thursday's OPEC+meeting. The price of gold does not fluctuate significantly.