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Japan’s Nikkei Surges Past 70K
Description
Japan’s Nikkei 225 briefly soared past 70,000 for the first time ever, fueled by the Bank of Japan’s surprise rate hike to 1%—its highest in three decades. While the index pulled back slightly, Asian markets remained volatile: South Korea surged, Shanghai edged up, while Hong Kong, Australia, and others dipped. Global markets rallied yesterday on hopes of a U.S.-Iran deal easing oil tensions, lifting major U.S. indexes and AI stocks like Nvidia and SpaceX. Oil prices tumbled nearly 5%, easing pressure on central banks, though analysts warn uncertainty remains and recovery could take months.
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