us stocks rise as bitcoin hits new high amid cautious asian markets

US stocks continued their winning streak for the fifth consecutive session, driven by optimism surrounding President-elect Donald Trump's agenda. The dollar reached its highest level in a year, while Bitcoin surged past $88,000, reflecting investor confidence in the potential market benefits expected from the incoming administration.

In Asia, market sentiment was more cautious, with futures indicating a slight increase for Tokyo stocks, while Sydney's market remained unchanged. Hong Kong shares were expected to decline due to disappointment over the lack of significant Chinese stimulus measures.

In the US market, technology shares experienced a decline, which offset gains in other sectors. Notably, a key banking index rose by 2.4%, and Tesla Inc. saw an impressive 9% increase, continuing its strong rally.

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