Tokyo and Asia-Pacific Close Sharply Lower as Tech Rout Spreads, Nikkei Drops 6.7% and Kospi Slides 18.3%
Executive summary: Asia-Pacific markets ended the session under heavy pressure, led by a steep selloff in Japan and South Korea. The Nikkei 225 fell -6.7% to 64,425.95, while the Kospi plunged -18.3% to 5,556.31. The Nikkei 225 ETF also dropped -6.4%, signaling broad risk aversion across regional equities. Hong Kong and Australia were firmer, but gains there were not enough to offset the regional shock. Commodities were mixed, with natural gas higher and most metals lower, while the yen was little changed against the dollar. [Continue Reading]
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Tokyo Opens Risk-Off as Nikkei Slips, Oil Surges and Precious Metals Sell Off
Executive summary: Tokyo and broader Asia-Pacific trading opened with a clear risk-off tone, led by a sharp drop in the Nikkei 225 and weakness in the Nikkei 225 ETF, while Hang Seng managed a modest gain. The move came alongside a jump in WTI crude, firmer natural gas, and broad losses across gold, silver, platinum, palladium and ether, a mix that points to a market repricing of inflation, energy and policy risk ahead of key macro data. [Continue Reading]

