Tokyo Leads Asia-Pacific Rally as Nikkei Surges, Kospi Jumps and Gold Slips on Risk Rotation
Executive summary: Tokyo closed sharply higher and South Korea’s Kospi posted a powerful rebound, while Hong Kong and Australia finished lower. The session was marked by a broad rotation out of defensive metals and into cyclicals, with the Nikkei 225 up 4.361% and the Kospi surging 6.609%. Platinum, silver, palladium and gold all fell, while global autos and Ether advanced. USD/JPY moved higher, adding to the picture of a market favoring risk assets over havens. [Continue Reading]
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