Asian stocks, led by Japan, surged to a record high, with gold also hitting an all-time peak, as investors anticipate looser monetary policy and robust AI investment. Japan’s Nikkei jumped after pro-stimulus Sanae Takaichi became Prime Minister, while the yen weakened significantly. The US tech rally is set to resume, despite a government shutdown.
South Korea’s KOSPI drops 7% as global chipmaker selloff deepens
South Korean stocks experienced a significant decline on Tuesday. This downturn was driven by a global selloff in chipmakers and rising competition from China. SK