The Japanese yen crashes to its weakest level in decades while the Nikkei hits record highs following Sanae Takaichi's election victory. Gold continues its spectacular rally, nearing the $4,000 milestone as global markets react to Japan's political shift.
Federal Reserve Chairman Jerome Powell's firm indication that US interest rates will remain high for longer has triggered a sharp sell-off across Asian financial markets, with Tokyo's Nikkei leading the declines.
Wall Street and Asian markets rallied as Intel and Nvidia shares soared on AI optimism, while the Bank of Japan maintained its negative interest rates. Get the full analysis on the global market surge.
Major Asian stock markets, including Tokyo's Nikkei and Hong Kong's Hang Seng, plunged sharply after US Federal Reserve signals dashed hopes for imminent interest rate cuts, mirroring a significant sell-off on Wall Street.
Exclusive: In a startling intervention, a senior Japanese statesman warns the nation's roaring stock market is overheating and echoes the dangerous 'bubble economy' of the 1980s, urging immediate government action.
Stock markets rally worldwide following the landmark US-Japan trade agreement, with the Nikkei and FTSE 100 leading gains. Analysts predict sustained growth amid easing trade tensions.
Japan's Nikkei index soared to unprecedented levels, leading a surge across Asian markets, fueled by positive economic signals and corporate earnings.