Risk assets bounce as China GDP surprise lifts sentiment

Chip stocks led a rebound and Bitcoin briefly touched $83K before fading with the rest of the crypto market After a bruising week, markets remembered how to go up. Stocks rebounded from last week’s carnage, with AI and semiconductor names leading the charge on gains of 4% to 7%. China supplied the second shot of espresso. The country posted 4.5% third-quarter GDP growth , beating expectations and giving traders one more reason to lean back into risk. Crypto joined the rally, at least for a while.

Source: Crypto Briefing