A man walks past an electronic board showing Japan's Nikkei 225 outside a brokerage in Tokyo, Japan, on January 12, 2016. (Credit: Reuters)
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Firstpost13-01-2026, 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.

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