Global Stocks up on Japan Win; Yen, Dollar, Commodities Dip
•February 10, 2026
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Why It Matters
The market rally tied to Japan’s election and a weakening dollar reshapes risk sentiment, while pending U.S. data will steer Fed policy expectations and global asset allocations.
Key Takeaways
- •Japanese PM's election win fuels Nikkei rally, hitting fresh peak.
- •Yen strengthens; dollar index slips toward monthly lows.
- •MSCI Asia-Pacific index climbs 0.6% amid broader market optimism.
- •Commodities dip: Brent crude down, gold steadies above $5,000.
- •US data releases loom, influencing Fed rate expectations through June.
Summary
Global equities rose in Asian trading on Tuesday, led by a sharp rally in Japan’s Nikkei 225 after Prime Minister‑designate Sayia Teachi secured a decisive election victory over the weekend. The broader MSCI Asia‑Pacific index outside Japan gained 0.6%, while the yen appreciated for a second straight session.
The Nikkei jumped 2.3%, marking a third consecutive day of gains and pushing the benchmark to a fresh high. The U.S. dollar slipped 0.4% against the yen and its index fell 0.2%, hovering near monthly lows as markets price in a Federal Reserve hold until June. Indonesia’s Jakarta market rose 1% despite MSCI’s downgrade warning, Malaysia’s Q4 GDP is projected at 5.7% year‑on‑year, and Australia’s ASX 200 was flat.
Commodities retreated, with Brent crude down 0.3% to $69.06 per barrel and gold holding above the $5,000/oz threshold. BP reported fourth‑quarter earnings in line with expectations and paused its share‑buyback program to preserve cash amid weaker oil prices. Silver fell 1.9%, while Bitcoin and Ether dropped 1.7% and 3.7% respectively, underscoring risk‑off sentiment ahead of key U.S. data releases.
Investors will watch Japan’s political stability, the Fed’s policy trajectory, and upcoming U.S. retail‑sales, payroll and inflation reports for clues on monetary direction. Continued yen strength and subdued commodity prices could reshape capital flows across emerging markets and influence equity valuations through the rest of the quarter.
Original Description
Market news for February 10, 2026: Global stocks advanced, led by Japan's rally post-election win; Yen and US dollar fall. Gold and Brent crude dip ahead of key US economic data this week.
Synopsis: Market Focus Daily is a closing bell roundup by The Business Times that looks at the day’s market movements and news from Singapore and the region.
Written by: Howie Lim (howielim@sph.com.sg)
Produced and edited by: Chai Pei Chieh & Claressa Monteiro
Produced by: BT Podcasts, The Business Times, SPH Media
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