Tokyo Opens Mixed as Oil Surges, Gold Slumps and Yen Weakness Supports Exporters
Executive summary: Tokyo and broader Asia-Pacific markets opened with a mixed tone, as a sharp jump in WTI crude, a weaker yen and softer precious metals set the early macro backdrop. The Nikkei 225 and Nikkei ETF edged higher, while Hong Kong and Australia slipped. The biggest cross-asset move was in energy, with WTI crude up nearly 9%, while gold, silver and platinum all fell more than 5%, signaling a fast rotation in commodity pricing and risk sentiment. [Continue Reading]
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