Tokyo Opens Mixed as Oil Slumps, Gold Surges and Asia Splits on Risk Appetite
Executive summary: Tokyo and broader Asia-Pacific trading opened with a sharp split in risk sentiment, as the Nikkei 225 and its ETF tracked lower while Hong Kong, Australia and several metals-linked assets advanced. The standout moves were a steep drop in WTI crude, a powerful rally in gold and silver, and a weaker yen against the dollar, all of which point to a market recalibrating around lower energy prices, stronger precious-metals demand and shifting cross-asset positioning. [Continue Reading]
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