Story don hot for Tokyo as market rise sharply on snap election wahala!
Asian markets no wan carry last as dem show strong gains today, especially for Japan wey dem previously struggle. Tokyo market just close for record high, as e dey speculated sey Prime Minister Sanae Takaichi go call snap election to take shine her strong poll numbers.
Takaichi wey be Japan first woman prime minister come power for October, and her cabinet get approval rating wey dey hit around 70 percent. But di wahala be say, her party dey hold just slim majority for di lower house of parliament, so her plans dey face serious challenge. Dem say if she fit call election go solidify her government, it go be correct win-win.
For di market today, Tokyo Nikkei index don increase by 3.1 percent and e dey mirror di gains wey we see for places like Hong Kong, Sydney, Singapore, and even Malaysia. But no be all markets dey rejoice, as Shanghai market dey down, dem dey feel di heat from oil prices wey dey climb as concerns about Iran don increase.
Oil price dey rise after US President Donald Trump don announce 25% tariff for any country wey dey trade with Iran. Na wetin cause di increase be sey Iran dey face serious wahala with protest wey don dey happen, and dis new tariff go dey affect dem even more.
Omo, Michael Wan wey be analyst for MUFG talk sey Iran dey contribute around 3% to global oil production while Venezuela dey supply about 1%. Na China dey among di top partners wey dey trade with Iran, so di market sure dey watch fat for wetin go happen next.
On top di tech matter, di South Korean chip giant SK hynix don set to drop 19 trillion won (about $12.9 billion) to build advanced chip packaging plant. Dem dey ride wake for di AI boom, no be small!
Dis whole scenario dey happen as investors dey chill, just chilling, after Wall Street don break records back to back. Di Dow and S&P 500 just dey rise, despite di US justice probe into di Federal Reserve wey people dey worry about.
As e be now, oil price don reach seven-week high, and investors dey dey feel di tensed atmosphere well. Di market sentiment dey hold on to optimism about global economy, dem dey carry di technology matta go front.
Na so dis matter dey go, make we dey sharp and dey follow up di gist as e dey develop, because market wahala, e no dey sleep! Naija dey watch onu!
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