Tokyo Opens With a Risk-On Surge as Nikkei Breaks Higher, Gold and Silver Extend Their Slide
Executive summary: Tokyo and broader Asia-Pacific markets opened with a sharp split in risk appetite, led by a powerful rally in Japanese equities and a steep selloff in precious metals. The Nikkei 225 rose +4.9% to 61,658.25, while the Nikkei 225 ETF gained +5.1%. South Korea’s Kospi jumped +8.2%, but Hong Kong’s Hang Seng fell -3.2%. Gold dropped -5.4% and silver lost -4.7%, while WTI crude climbed +1.9% and USD/JPY moved above 159.8, underscoring a session defined by stronger dollar dynamics, firmer energy, and a rotation away from defensive metals. [Continue Reading]
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Tokyo opens with a record Nikkei surge as Asia-Pacific trades split between risk-on equities and softer commodities
Executive summary: Tokyo opened with a powerful risk-on move, led by a sharp jump in the Nikkei 225 and gains across several regional equity benchmarks. The rally came alongside a weaker gold price, lower WTI crude, and a firmer yen-dollar backdrop for exporters to digest, while natural gas and some industrial metals held up better than the broader commodity complex. The move is notable for its size, with the Nikkei and its ETF both posting outsized gains that point to strong momentum at the Asia open. [Continue Reading]
