KOSPI Jumps 18%, Yen Plunges After FX Intervention, Apple Down, Amazon Up
KOSPI closes 18% higher; yen drops five big figures following FX intervention; Apple and Amazon shares diverge.
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Asian markets saw sharp moves, with South Korea's KOSPI index closing 18% higher. Meanwhile, the Japanese yen weakened dramatically, losing five big figures against the dollar after reported FX intervention.
In US equity pre-market trading, Apple shares were down while Amazon gained. The moves come as investors head into the weekend with heightened geopolitical tensions.
Source: FXStreet Forex News