CNBC Daily Open: Is record Black Friday sales spike a false dawn?

Mixed moves
Asia-Pacific markets were mixed on Tuesday after U.S. stocks fell the day before as traders took a breather following a four-week winning streak for major averages. Oil prices edged down after Qatar said the truce between Israel and Hamas had been extended by two more days. Japan's Nikkei 225 closed down 0.1%, while Korea's KOSPI finished up 1.1%. Hong Kong's Hang Seng Index was down nearly 1% in mid-afternoon trade, while the CSI300, which tracks the biggest mainland-listed blue chips, was almost flat.

Shein IPO
Fast-fashion retailer Shein has confidentially filed to go public in the U.S . and is moving ahead with its long-awaited IPO, CNBC has learned. Founded in China, Shein was last valued at $66 billion and could be ready to start trading on the public markets as soon as 2024, people familiar with the matter told CNBC on Monday.

'Zero day' bets boom
The rapid growth in short-dated options that have become popular with hedge funds as well as retail traders is now spreading beyond stocks to other asset classes. The Nasdaq last week launched new two-week options contracts that expire on Wednesdays based on a series of exchange-traded products.

Cryptic no more?
The crypto industry can finally close the chapter on a litany of scandals and problems after Binance was hit with a historic settlement by the U.S. Department of Justice, Coinbase CEO Brian Armstrong said Monday. The government accused Binance of violating the U.S. Bank Secrecy Act and of breaching sanctions on Iran. Armstrong pushed back on the suggestion that crypto was mainly used for nefarious purposes such as fraud, money laundering and terrorist financing, a common refrain from financial firms that have avoided jumping into the space due to compliance concerns.

The investment case for India is hard to argue with, according to analysts at Morgan Stanley — but they warn that upcoming elections with "potential binary outcomes sets the market up for volatility" and name their top stocks as India prepares to head to the polls in March.