Europe closes mixed as FTSE 100 outperforms, Brent jumps and autos slide on risk-off rotation
Executive summary: European markets ended the session mixed, with the FTSE 100 rising +0.8% while the DAX, CAC 40 and Euro Stoxx 50 all finished lower. Brent crude climbed +4.0%, gold edged higher and silver fell, while global autos were the sharpest sector loser in the data, dropping -8.6%. Currency moves were modest, with sterling and the euro firmer against the dollar and USD/JPY slightly higher. [Continue Reading]
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Tokyo Close: Nikkei and Kospi Slide as Asia Splits on Chip Stress, Stronger Yen and Risk Rotation
Executive summary: Asia-Pacific trading ended sharply mixed, with Japan and South Korea under heavy pressure while Hong Kong outperformed. The Nikkei 225 fell -4.6% to 64,141.12 and the Kospi dropped -6.5% to 6,820.6, while the Hang Seng rose +1.5% to 24,542.01. Moves in gold, oil and the yen were modest, but the scale of the equity selloff points to a sharp risk reset in regional markets. [Continue Reading]
Europe closes mixed as DAX slips, FTSE 100 outperforms on firmer oil and metals
Executive summary: European markets ended the session mixed, with the DAX falling -1.0% while the FTSE 100 gained +0.8%. Commodities were broadly supportive for resource-linked assets, with Brent crude, gold, platinum and palladium higher, while natural gas and silver declined. FX moves were modest, with sterling firmer against the dollar and the euro slightly higher. The standout equity move in the data was global autos, which dropped sharply, suggesting pressure on cyclical and trade-sensitive names. [Continue Reading]
Tokyo and Asia-Pacific close mixed as Nikkei slides, Hong Kong rallies and Korea’s Kospi suffers a sharp sell-off
Executive summary: Asia-Pacific trading ended sharply mixed, with Japan and South Korea under heavy pressure while Hong Kong, Australia and several commodities posted gains. The Nikkei 225 fell -2.5% to 66,835.54 and the Kospi dropped -6.5% to 6,818.25, while the Hang Seng rose +4.0% to 24,993.99. WTI crude climbed +1.8%, gold added +0.8%, and the yen and yuan both firmed modestly against the dollar. [Continue Reading]
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