Japanese stocks soared, reaching an unprecedented peak as the yen tumbled following the election of Sanae Takaichi as the leader of Japan's ruling party, positioning her to become the country's first female prime minister. This triggered expectations of fiscal stimulus, propelling the Nikkei index to new heights.

As investors navigated the upheaval caused by the U.S. government shutdown, alternative assets such as gold and bitcoin demonstrated notable gains. Gold reached a record high above $3,900, and bitcoin surged to unprecedented levels, reflecting a shift towards these assets as a hedge against instability.

Oil prices also reacted to the market dynamics, with OPEC+ deciding to modestly increase production in November. The change aims to address potential supply concerns, while diffe

See Full Page