Stocks Surge as U.S. Government Shutdown Nears End, Yen Plunges on Japan Policy Shift

On November 10, 2025, U.S. and global stocks experienced a significant surge, with Wall Street up between 0.8% and 2.3% and South Korea and Italy also posting strong gains. This rally was largely driven by hopes that the ongoing U.S. government shutdown could soon come to an end, sparking a tech-fueled relief rally.

Alongside the stock market gains, the Japanese yen slumped after Prime Minister Sanae Takaichi indicated a preference for looser fiscal and less hawkish monetary policy. This policy shift in Japan contributed to the yen becoming the biggest decliner among G10 currencies on that day.

In addition to the market moves, the article also discussed a proposal from U.S. President Donald Trump to send most American households $2,000 'tariff dividend' checks. While this idea faces several hurdles, including the need for Congressional approval, it provides insight into the administration's views on running the economy "hot" and ignoring deficits.

The article also touched on signs of a potential thaw in U.S.-China relations, with reports of Beijing designing a new rare earth licensing regime that could speed up exports and an FBI director visiting China to discuss fentanyl and law enforcement issues. This suggests that the two countries are working to put the foundations of the trade deal framework in place.