Tokyo Opens Firm as Nikkei Surges, Kospi Jumps and Gold Slips in Asia-Pacific Risk Rotation
Executive summary: Tokyo and broader Asia-Pacific markets opened with a clear risk-on tone, led by a sharp rally in Japanese and South Korean equities. The Nikkei 225 rose 3.474% and the Kospi jumped 5.443%, while the ASX 200 and Hang Seng traded lower. Commodities were mixed, with natural gas surging and gold, silver, platinum and palladium all weaker. The yen and yuan were slightly softer against the dollar, reinforcing a backdrop of firmer equities and softer defensive assets. [Continue Reading]
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