Asia Shares Surge on Tech Rally; Yen Plunges to Record Lows Despite BOJ Hike
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CNBC TV1822-12-2025, 06:44

Asia Shares Surge on Tech Rally; Yen Plunges to Record Lows Despite BOJ Hike

  • Asian share markets rose, tracking tech-driven gains on Wall Street, with Japan's Nikkei climbing 1.5% and South Korea jumping 1.8% on AI optimism.
  • The Japanese yen hit fresh record lows against the euro (184.90) and Swiss franc (198.08), and weakened against the dollar, despite the Bank of Japan raising rates to a 30-year high of 0.75%.
  • Japanese officials signaled concern over the yen's excessive decline and warned of potential intervention if the dollar breaks 158.00.
  • US Q3 GDP is forecast to show strong annualised growth of 3.2%, but BofA warns of "extreme bullish" investor sentiment (8.5), historically preceding market pullbacks.
  • Equity markets saw record weekly inflows of $98 billion, led by US funds; silver reached a new record at $67.48 per ounce, and oil prices gained after US intercepted Venezuelan oil tankers.

Why It Matters: Tech rally boosts Asia shares; yen hits record lows despite rate hike, prompting intervention warnings.

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