Tokyo: A wave of panic swept through global financial markets on Wednesday as investors fled from riskier assets into safe-haven currencies, sending the Japanese yen and the U.S. dollar sharply higher. The turbulence followed a steep selloff in Asian equities, deepening concerns about the fragility of global investor sentiment amid slowing growth, geopolitical tensions, and uncertainty over U.S. fiscal policy.

The Japanese yen, long regarded as a refuge during periods of financial instability, strengthened significantly as traders dumped equities and sought stability in safer holdings. The yen rose to 153.52 per dollar, marking its strongest level in weeks. Similarly, the U.S. dollar gained ground against a basket of major currencies, with the dollar index hovering around 100.17 its hig

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