Tokyo Opens With Risk Appetite Surging as Nikkei Breaks Higher, Oil Slides and Gold Firms
Executive summary: Tokyo and broader Asia-Pacific markets opened with a sharp risk-on tone, led by a powerful rally in Japan and South Korea, while WTI crude fell hard and safe-haven metals advanced. The Nikkei 225 jumped +6.3% to 70,163.71, the Kospi surged +14.2%, and the ASX 200 gained +3.9%. The move came alongside a steep drop in WTI crude of -11.5% and a firmer gold price, signaling a market backdrop shaped by lower energy costs, stronger equity momentum and a rotation into metals. [Continue Reading]
Sponsored
Drone neutralised near South Korea training camp in Guadalajara during World Cup security operation
Mexican military forces have intercepted and brought down an unregistered drone near the South Korean national team's training camp in Guadalajara, according to a federal official. The incident took place as the team prepared for its World Cup match against Mexico, and was described as part of the security operation around the tournament. Officials said specialised equipment was used to detect the drone before it was neutralised.A federal agent said the drone was detected near the training ground, but did not say when the incident occurred. The official also said it was not clear whether any arrests were made. The... [Continue Reading]

