Tokyo Surges as Nikkei Breaks Above 60,000, Dollar Strength and Gold Selloff Shape Asia-Pacific Close
Executive summary: Tokyo led Asia-Pacific trading with a powerful rally, as the Nikkei 225 jumped +5.9% to a record close above 60,000. The move came alongside a firmer U.S. dollar, a weaker gold price, and mixed regional equity performance, with Hong Kong and Seoul lower while Australia advanced. The session also highlighted a sharp rotation in commodities, with gold and silver under pressure and WTI crude little changed. [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]