On Friday, Japan’s stock markets saw a positive start to the day, following the upward trend seen in US markets. The country’s benchmark Topix saw an impressive 0.6 per cent increase in early trading, making it the top-performing stock market in the Asia-Pacific region. Real estate was the strongest performer with a 4.2 per cent increase.
Meanwhile, the yen continued to weaken against the dollar, dropping 0.15 per cent to ¥153.04 despite officials hinting at potential government intervention. Gold also saw a surge, reaching a new all-time high of $2,387.85 per troy ounce with a 0.6 per cent increase due to stronger-than-expected US inflation data that prompted investors to turn to gold as a safe haven against inflation and market uncertainties.
