Tokyo closes higher as Nikkei extends record run, Korea surges, and commodities lead a broad Asia-Pacific risk bid
Executive summary: Tokyo and broader Asia-Pacific trading ended with a mixed but mostly constructive tone, led by a fresh Nikkei 225 gain of +0.7% and a powerful Kospi rally of +6.4%. Commodity-linked moves were even more striking, with silver jumping +8.8%, WTI crude rising +5.7%, and platinum advancing +4.4%. The ASX 200 lagged, falling -1.9%, while the yen weakened and the yuan firmed modestly against the dollar. [Continue Reading]
Tokyo and Asia-Pacific close sharply higher as Nikkei, Kospi and commodities surge on risk-on wave
Executive summary: Tokyo and broader Asia-Pacific markets finished the session with a strong risk-on tone, led by a powerful rally in Japan and South Korea. The Nikkei 225 jumped +5.4% to 62,742.57, the Kospi surged +10.9%, and the Hang Seng added +1.8%. Commodities were broadly firmer, with WTI crude up +5.0%, silver up +7.2%, and natural gas up +6.0%, while the yen strengthened modestly against the dollar and the yuan also firmed. [Continue Reading]
