Good morning, Asia. Here’s what makes news in the markets:
Welcome to the Asia Morning Briefing, a sunny summary of the leading stories of US time and a general measures of movements and market reviews. For a detailed overall -analysis of US markets, see The Americans.
The manufacturers of bitcoin
Mining equipment does not feel the pinch of a new rotation of tariffs imposed by the White House in the semiconductor industry, as the largest chip manufacturer such as TSMC and Samsung has an exception from new policies because of their investment in US US
Officers in Taiwan confirmed to local press That TSMC will have an exemption from 100% tariffs due to its facilities in Phoenix, opened in 2023. South Korean officials too Samsung has been confirmed will have a similar exemption Due to its texas fabrics.
TSMC and Samsung make specific integrated circuits of the application (Asics) Designed by BTC mining companies such as Bitmain, Canaan, and Bitdeer.
Bitmain and Canaan did not respond to a request for comment from CoinDesk.
A speaker for the Bitdeer confirmed that they were working with TSMC to make ASICs used for their miners, and thus did not feel the pinch of tariffs. The spokesman also said they expected to bring an online factory based on the US to gather miners for a year.
Extensive speaking, the market seems to be backing down the new tariffs. In Taipei, Taiex, a Taiwan stock market index, is set to open the trade on Friday to 2.3% with TSMC up to 3% and approaching high records.
Even the targets of these tariff policies are in green.
SMIC, the Shanghai -based rival at TSMC, which lacks a US facility, is on Sunday in Hong Kong, raising the Hang Seng Index.
Movers in the market:
BTC: Bitcoin entered a bullish cooldown after hitting a $ 123k all-time high, now trading at $ 117,386.04, with a softer momentum and weaker on-chain signals pointing to short-term aggregation or mild risk, according to a cryptoquant report.
Eth: Glassnode data shows short-term capital flow moved from Solana to Ether, with Eth/Sol a year-to-date low and the ETH/BTC to break up above the 200-day EMA for the first time in two years, as ETH is trading at $ 3,905.42 (+6.43%) and approached $ 4K, with an open interest in $ 58B and network activity on record highs.
Gold: Gold trades at $ 3,387, up to 0.5%, as the market weighs the impact of tariffs in India for Russia’s import oil.
NIKKEI 225: Asia-Pacific markets have opened the mixed Friday, with Nikkei 225 to 1.18% of Japan and the topix hit a record of 3,031.78, led by sharp acquisitions at Nippon Chemical Industrial, Miyakoshi Holdings, J-lease, and Japan Electronic Materials.
S&P 500: Stocks rose on Wednesday, with the S&P 500 to 0.73% to 6,345.06, as Apple jumped 5% in the news would boost investment in US manufacturing $ 100B to a total of $ 600B for four years.
Wherever in Crypto:
- Sec’s long case against Ripple was officially ended (CoinDesk)
- Stablecoin Provider Paxos to pay $ 26.5m fine to resolve binance -related charges (Decrypt)
- Ripple to buy stablecoin payment firm railroad $ 200m to boost RLUSD (CoinDesk)
