Tokyo and Asia-Pacific Close Higher as Nikkei and Kospi Surge, Gold Extends Record Run, Yen Weakens
Executive summary: Tokyo and broader Asia-Pacific trading ended with a sharp risk-on tone, led by a powerful rally in Japan and South Korea. The Nikkei 225 rose +4.0% to 68,308.59, while the Kospi jumped +7.6% to 6,772.22. Gold climbed +1.5% to 4,429.3, WTI crude added +1.4%, and the yen weakened further as USD/JPY moved to 159.409. Australia and Hong Kong lagged, with the ASX 200 and Hang Seng both lower. [Continue Reading]
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Tokyo and Asia-Pacific Close Mixed as Oil, Gold and Yen Moves Reprice Risk Appetite
Executive summary: Tokyo and broader Asia-Pacific markets finished mixed, with the Nikkei 225 and Nikkei-linked ETF advancing while Hong Kong, Seoul and Sydney slipped. The session was dominated by a sharp jump in WTI crude, a stronger US dollar against the yen, and a broad rally in precious metals, all of which pointed to a market still balancing growth concerns, inflation risk and geopolitical sensitivity. [Continue Reading]

