Japanese Stocks Gain Amid South Korea Calm and Yen Weakness: Japanese stocks closed higher on Thursday,
supported by easing political tensions in South Korea and a weaker yen against the dollar.
The Nikkei index ended the session up 0.3%,
gaining 119 points to 39,395 points, while the broader Topix index settled at 2,742 points.
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Japanese Stocks Gain Amid South Korea Calm and Yen Weakness
Japanese stocks closed higher on Thursday,
supported by easing political tensions in South Korea and a weaker yen against the dollar.
The Nikkei index ended the session up 0.3%,
gaining 119 points to 39,395 points, while the broader Topix index settled at 2,742 points.
This positive performance followed a decline in demand for sovereign bonds,
with the yield on 10-year Japanese government bonds rising by 1.9 basis points to 1.072%,
compared to 1.05% the previous day.
This increase is attributed to the calming political environment in South Korea after the lifting of martial law.
Despite the yen appreciating 0.46% against the dollar to reach 149.90 yen,
negatively impacting exporters, the market maintained its positive momentum.
Investors are now considering the Bank of Japan’s meeting on December 18–19,
expecting a potential 25-basis-point hike in the key interest rate, bringing it to 0.5%.
Bitcoin Breaks $100,000 for the First Time, Achieves Record Gains
Bitcoin surged significantly for the second consecutive session,
breaking the $100,000 mark for the first time in history,
reaching $103,620 during Asian trading, according to data from BitStamp.
This jump represents an increase of over $4,000 compared to the $94,500 level recorded yesterday.
The cryptocurrency took only minutes to cross the $100,000 threshold and reach its new peak,
driven by U.S. President-elect Donald Trump’s announcement of Paul Atkins
a known cryptocurrency advocate, as his nominee to lead
the Securities and Exchange Commission (SEC), succeeding Gary Gensler.
With this rally, Bitcoin has recorded a remarkable 140% gain since the beginning of the year,
outperforming most traditional assets.
Its market capitalization has now exceeded $2 trillion for the first time in history,
solidifying its position as the most valuable digital asset worldwide.
Japanese Stocks Gain Amid South Korea Calm and Yen Weakness