The Japanese and South Korean stock markets opened sharply lower, while safe-haven assets such as gold and the yen rose
The Japanese and South Korean stock markets opened sharply lower, with the Nikkei 225 index opening down 1.9% and the South Korea Composite Stock Price Index opening down 2.7%. In terms of safe-haven assets, the Japanese yen surged 1% against the US dollar, and spot gold prices broke through $3,160, reaching a new high. At the same time, the yield on Japan's 10-year government bonds recorded the largest decline since August 2024, while the yield on 5-year US government bonds fell by 10 basis points, indicating an increase in investors' demand for safe-haven assets
Affected by the overnight announcement of a national emergency by Trump and the news of comprehensive tariff imposition, the stock markets in Japan and South Korea opened sharply lower on April 3rd.
The Nikkei 225 index opened down 1.9%, the Tokyo Stock Exchange index fell 3%, and the Seoul Composite Index opened down 2.7%.
The Japanese yen surged 1% against the US dollar.
Spot gold rose above $3,160, reaching a new high.
The yield on Japan's 10-year government bonds recorded the largest decline since August 2024; the yield on 5-year US government bonds fell by 10 basis points as investor demand for safe-haven assets increased.
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