Tokyo and Asia-Pacific Close Mixed as Nikkei Extends Gains, Gold Surges and Oil Slips on Sanctions Risk
Executive summary: Tokyo and broader Asia-Pacific trading ended mixed, with Japan and Australia higher while Korea weakened. The Nikkei 225 rose +0.8% and the ASX 200 gained +1.0%, while the Kospi fell -1.8%. In commodities, gold jumped +4.2% and WTI crude dropped -4.0%, a combination that points to a market leaning toward safe havens and away from energy exposure as investors weigh sanctions-related headlines and broader risk sentiment. [Continue Reading]
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