Gold & Stocks Continue Rally as Risky Assets Rise – Asia Market Wrap

A broad rise across risk assets, from technology companies to Bitcoin, sent Asian markets to a record as Wall Street’s gains from Friday continued over into the new week. Gold and silver both advanced.

The MSCI Asia Pacific Index rose as much as 2.4% to an all-time high, while the Nikkei 225 Index rose as much as 5.7% to a record following Japan’s PM Takaichi’s historic election victory. The Kospi Index, a poster child for AI investments, rose 4.2%. That occurred as US gauges gained about 2% on Friday, recouping some of the week’s losses.

The rally is expected to continue, with European equity-index futures rising. As mood improved, Bitcoin recovered from its loss, as did gold and silver, which had risen alongside stocks this year.

Meanwhile, following Takaichi’s triumph, the Yen rose against the Dollar, moving away from a zone that was thought to signal intervention. Traders will keep an eye on the Yen’s weakest level since 2024, which was 159.45 per Dollar in mid-January. Government bond yields in the country have fluctuated.

Meanwhile, the Baht rose after Thailand’s ruling conservative party won a surprisingly large election victory.