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Global Markets Navigate Geopolitical Tensions and Economic Optimism: Nikkei Soars, Gold Recovers, and Foxconn Boosts AI Investment
Stock Market Newsยท 2025-10-28 00:38
Group 1: Market Performance - Tokyo's Nikkei 225 Index (N225) has surpassed the 50,000 level for the first time, reaching 50,367.38, marking a 25.8% rise for the year [2][7] - The surge in the Nikkei is attributed to optimism surrounding U.S.-China trade negotiations and momentum from Wall Street [2][7] - South Korea's Kospi Index (KOSPI) increased by 2.1% to cross 4,000, while Hong Kong's Hang Seng Index (HSI) rose by 1.15%, and China's CSI 300 Index gained 0.83% [2] Group 2: Government Policies - Japanese Prime Minister Sanae Takaichi is set to meet U.S. President Donald Trump to discuss a stimulus package exceeding 13.9 trillion yen aimed at boosting domestic demand and combating deflation [2][7] - The proposed "high-pressure economy" strategy may also address the U.S. trade deficit [2] Group 3: Company Developments - Hon Hai Precision Industry Co. Ltd. (Foxconn) announced an investment of up to NT$42 billion (approximately US$1.3 billion) in AI compute cloud infrastructure, indicating a strategic focus on the growing AI market [4][7] Group 4: Precious Metals Market - Gold prices are experiencing a technical recovery, trading around $4,312 per ounce after a volatile period, with key support levels identified between $4,200 and $4,300 [5][7] - Analysts are forecasting potential targets of $5,000 per ounce for gold, driven by central bank demand and geopolitical risks [5][7]