Most of the Asia-Pacific stock markets rose, with the Nikkei 225 index up more than 2%, and the Japanese yen fell more than 1% to below 146
The surge in the Chinese stock market boosts market risk appetite, with the FTSE China A50 Index futures rising more than 5% intraday, and the Nikkei 225 Index rising over 2%. Traders are increasing bets on Takaaki Kajita winning the Japanese election, causing the yen to fall below 146
The "policy gift package" from the People's Bank of China continues to boost the international market, with top investment banks such as Morgan Stanley and Goldman Sachs firmly bullish on Chinese assets.
The surge in the Chinese stock market has boosted market risk appetite. Today, most Asia-Pacific stock markets are on the rise, with the FTSE China A50 index futures up more than 5% intraday and the Nikkei 225 index up more than 2%. Major European stock index futures are slightly higher, with UK's FTSE 100 index futures up 0.2%.
While Japanese stocks surged, the Japanese yen rapidly declined, with the USD/JPY rising by 1.00% intraday to 146.47. Traders are increasing bets on Kishida winning the Japanese election. In terms of news, no winner emerged in the first round of the leadership election of Japan's ruling Liberal Democratic Party, leading to a second round of voting.
In the commodity market, most commodities are trading lower, with Brent crude oil and WTI crude oil slightly down. Spot gold is down by 0.07%, but still maintaining its high level at $2670 per ounce.
