Tokyo and Asia-Pacific Close Mixed as Seoul and Tokyo Selloff Deepens, Gold and Silver Surge
Executive summary: Asia-Pacific trading ended with a sharp risk-off tone, led by a steep selloff in Seoul and Tokyo, while Australia held up and precious metals extended a powerful rally. The Kospi fell -9.8%, the Nikkei 225 dropped -4.2%, and the Nikkei 225 ETF tracked the move lower. By contrast, the ASX 200 rose +0.7%. Gold climbed above 4,190 dollars, silver jumped more than 4%, and WTI crude added about 2%, while USD/JPY eased slightly and the yuan strengthened modestly against the dollar. [Continue Reading]
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