Market Overview - Japanese stock market opened lower, with the Nikkei 225 index dropping over 1% to 48,807.89, down 508.17 points or 1.03% [4][5] - SoftBank Group's stock fell more than 9%, marking its largest decline since August 2020 [5][6] - Japanese automotive stocks, including Toyota, Mazda, and Honda, saw gains of over 3% [6][7] Political Developments - Fumio Kishida was elected as Japan's 104th Prime Minister, becoming the first female Prime Minister in Japan's history. She is known for advocating expansionary fiscal policies and increased defense spending [7][8] Trade and Economic Data - Japan's exports increased for the first time in five months, rising by 4.2% year-on-year in September, driven by semiconductor and electronic component shipments. However, exports to the U.S. fell by 13.3% [8] - Japan recorded a trade deficit of 314 billion yen (approximately 2.1 billion USD) in September, with imports rising by 3.3% [8] Monetary Policy Outlook - Market expectations suggest that the Bank of Korea will maintain its policy rate unchanged for the third consecutive time, as policymakers await the impact of new real estate measures [10] - The pressure for normalization of Japan's monetary policy remains, with the CPI exceeding the 2% target for 37 consecutive months [8] Precious Metals Market - Gold and silver experienced significant declines, with gold briefly falling below $4,010 per ounce before rebounding, reflecting a drop of 1.82% [12][14] - The precious metals market is undergoing a broad liquidation due to profit-taking and reduced safe-haven flows, although long-term support remains due to macroeconomic factors [12][15]
刚刚,集体跳水!
中国基金报·2025-10-22 01:46