Japan’s Nikkei 225 is set to conclude the quarter with a record-breaking rise of more than 36%, cementing a historic rally for the benchmark index.
The broad-based strength across Asian equity markets comes as the US dollar weakened significantly, providing tailwinds for regional currencies and commodities.
The dollar’s decline has triggered a sharp rotation in safe-haven assets.
Gold prices climbed on the back of the softer greenback, while the Japanese yen strengthened against the dollar.
This currency dynamic has been a key driver of the recent market repricing, offering relief to import-dependent economies in the region and boosting the appeal of dollar-denominated assets for foreign investors.
The equity rally has been supported by a wave of positive sentiment throughout the quarter.