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 tanks 8% despite US-Iran war optimism. Here are 4 reasons why
The benchmark Kospi plunged 551 points, or 8.1%, to 6,2505. The steep decline triggered “sidecar” trading curbs on both the Kospi and the junior Kosdaq