Asia Stocks, Yen Surge on Suspected Intervention
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- Asia stocks surged broadly, with the yen "stealing the spotlight" after suspected Japanese currency intervention
- South Korean stocks jumped 15% in a volatile session — part of what CNBC describes as a "bipolar" pattern of meltdowns and record rallies
Why it matters: A suspected yen intervention signals Japanese authorities are acting to counter currency moves, while South Korea's 15% single-day swing demonstrates the extreme, whipsaw volatility now defining the region's markets.
