Tokyo and Asia-Pacific close sharply higher as Nikkei, Kospi and commodities surge on risk-on wave
Executive summary: Tokyo and broader Asia-Pacific markets finished the session with a strong risk-on tone, led by a powerful rally in Japan and South Korea. The Nikkei 225 jumped +5.4% to 62,742.57, the Kospi surged +10.9%, and the Hang Seng added +1.8%. Commodities were broadly firmer, with WTI crude up +5.0%, silver up +7.2%, and natural gas up +6.0%, while the yen strengthened modestly against the dollar and the yuan also firmed. [Continue Reading]
