Tokyo Opens Lower as Oil Shock Lifts Havens, Pressures Japan Equities and Yen Trade
Executive summary: Tokyo and broader Asia-Pacific markets opened with a clear risk-off tone, led by a sharp drop in the Nikkei and Nikkei 225 ETF, while Hong Kong advanced and commodity-linked assets surged. WTI crude jumped more than 7%, gold moved above $4,000, silver rallied nearly 6%, and Ether gained more than 4%, signaling a market response to higher geopolitical and inflation risk. The yen weakened against the dollar, adding another layer of pressure for Japanese equities. [Continue Reading]
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Noontime News Recap: Ukraine widens drone war as US Iran strikes fuel oil shock and regional tensions rise
Ukraine launched more than 400 drones toward Moscow overnight, in one of the largest reported attacks on the Russian capital since the start of the war, as the conflict widened beyond the Black Sea and into the Russian heartland. 🔗The United States completed a ninth consecutive night of strikes on Iran, while Tehran said the Darkhovin nuclear plant under construction in the southwest had been hit, raising the risk of a broader confrontation. 🔗That escalation in the Middle East pushed oil prices higher and deepened concern over global fuel supplies after traffic through the Strait of Hormuz ground to a... [Continue Reading]
Tokyo and Asia-Pacific close mixed as Nikkei slides, Hang Seng extends gains, oil spikes and Korea rout deepens
Executive summary: Asia-Pacific trading ended sharply mixed, with Japan leading regional losses as the Nikkei 225 fell -4.6% and the Kospi sank -12.5%, while Hong Kong’s Hang Seng rose +3.3%. The move came alongside a jump in WTI crude of +5.4%, softer gold and silver, and a broadly steady yen and yuan. The scale of the Korea selloff stands out as the day’s most severe market event, while Japan’s retreat suggests investors were trimming risk after a powerful prior run-up. [Continue Reading]
