If the nominee for chairman of the Federal Reserve values his place in history, he must confound his sceptics and not bow to the president on interest rates.

A rally in chip stocks and bargain hunting in beaten-down momentum plays including silver had helped shore up sentiment, as did wagers of more rate cuts from the U.S. Federal Reserve.

SYDNEY] Asian markets leapt higher on Monday as a resounding win for Japanese Prime Minister Sanae Takaichi whetted appetites for more reflationary policies, while there was widespread investor ...