Asian Markets Buoyed by Precious Metals Rally Amid Tech Stock Volatility
Asian markets mostly rose, led by the precious metals rally amid tech stock volatility. Gold and silver rebounded, driven by safe haven demand. Concerns over AI investments and geopolitical tensions influenced trading dynamics. Oil prices firmed due to renewed US-Iran tensions.
Asian shares showed gains on Wednesday, even as Wall Street saw a pullback in tech stocks. Gold and silver prices rebounded strongly, driven by safe haven investment amid geopolitical tensions and tariff uncertainties.
Oil prices gained amid renewed US-Iran tensions, contributing to the sector's firmer stance. Meanwhile, concerns surrounding the sustainability of tech investments and their valuation continued to influence investor behavior.
Despite Wall Street's retreat, major Asian indices like the Kospi and Hang Seng managed modest gains. In contrast, Tokyo's Nikkei fell slightly after record highs, with Nintendo's shares plummeting despite positive profit reports.
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