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(Bloomberg) -- South Korea’s brief lurch to martial law this week spooked markets, but rapid action by officials to restore democratic norms and reassure investors has limited the damage – at least for now.Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsKorea’s five-year credit default swap, the cost of insuring against sovereign default, declined on Thursday and remains well below its highs for t

Asian stocks were under selling pressure from foreign investors for a second consecutive month in November amid worries over potential U.S. tariff hikes on regional exports under the incoming Donald Trump administration next year. Foreigners net withdrew $15.88 billion out of equity markets in Taiwan, South Korea, India, Thailand, Indonesia, Vietnam and the Philippines, following a net $15.38 billion worth of sales in the prior month, LSEG data showed. It was their largest monthly net selling since June 2022.

The cryptocurrency's break above the $100,000 milestone has felt inevitable since Donald Trump's election as the next U.S. president on a crypto-friendly platform. While it is just a number, it highlights how cryptos have carved out a place in modern financial markets. Some commentators joked that perhaps a sales pitch from children and grandchildren around the Thanksgiving table was enough to get it past $100,000 - after investors in recent weeks repeatedly flinched near that threshold - although the real action came from big investors and big flows into new bitcoin ETFs.

Markets were encouraged by Powell's comments on the economy. The Dow closed about 45,000 for first time ever, while the S&P 500 and Nasdaq also hit records.

Bitcoin soared above $100,000 for the first time late Wednesday as investors bet that the incoming Trump administration and Congress will support policies that benefit the cryptocurrency market. Monitor these important chart levels.

"Comparing today's index to that of the past is like comparing apples to oranges," BlackRock said in an outlook published this week.

President-elect Donald Trump announced Wednesday that he intends to nominate cryptocurrency advocate Paul Atkins to chair the Securities and Exchange Commission. Trump said Atkins, the CEO of Patomak Partners and a former SEC commissioner, was a “proven leader for common sense regulations.” In the years since leaving the SEC, Atkins has made the case against too much market regulation.