Tokyo Opens Higher as Nikkei Extends Record Run, Korea Surges, Oil Slides on Risk Repricing
Executive summary: Tokyo and broader Asia-Pacific markets opened with a clear risk-on tone, led by a fresh Nikkei advance and a powerful rally in South Korea. The move came alongside a weaker WTI crude price, softer gold and silver, and a firmer yen versus the dollar, while the Hang Seng lagged. The standout was the Kospi, which posted an outsized jump that points to a major re-rating in Korean equities, especially semiconductors and export-linked names. [Continue Reading]
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