Tokyo and Asia-Pacific Close Mixed as Korea Sells Off, Gold and Palladium Extend Safe-Haven Bid
Executive summary: Asia-Pacific trading ended with a sharp split, as South Korea’s Kospi led regional losses with a steep -7.6% drop, while Japan’s Nikkei and Australia’s ASX 200 finished only modestly lower or slightly higher. Gold, silver, platinum and palladium all advanced, alongside natural gas, while the yen weakened and the yuan edged lower against the dollar. The move points to a market still balancing geopolitical risk, semiconductor-linked weakness in Korea, and a renewed bid for precious metals. [Continue Reading]
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