Asia Stocks Soar: Nikkei Hits New Peak, Yen Dips Amid Election Bets & AI Boom

Business
F
Firstpost•13-01-2026, 12:57
Asia Stocks Soar: Nikkei Hits New Peak, Yen Dips Amid Election Bets & AI Boom
- •Asian stock markets surged, with Japan's Nikkei reaching record highs, driven by investor bullishness in AI and a weaker yen.
- •South Korea, Taiwan, and Chinese blue chips also achieved new peaks, reflecting broad regional gains.
- •Oil prices climbed to seven-week highs due to unrest in Iran and concerns over supply disruptions.
- •Gold broke above $4,600 an ounce for the first time, acting as a safe-haven asset amid uncertainty surrounding the Federal Reserve's independence.
- •The yen depreciated significantly against major currencies, prompting concerns from Japanese officials.
Why It Matters: Asian markets are booming, led by AI optimism and a weak yen, while gold and oil prices rise on global uncertainties.
✦
More like this
Loading more articles...





