Nikkei 225 rises 0.6% to 64,622.33, following U.S. tech rally.
The Nikkei 225 increased by 0.6% to 64,622.33, buoyed by a strong rally in U.S. technology stocks. The S&P 500, Dow Jones, and Nasdaq saw gains of 1.1%, 1.2%, and 1.4% respectively on Thursday, led by big tech companies like Microsoft (+2.7%), Apple (+1%), Meta (+3%), and Nvidia (+1.8%). Additionally, energy prices climbed, with U.S. crude reaching $91.95 per barrel and Brent at $95.99, driven by intensified U.S.-Iran conflict, including Iran's retaliatory strike on Kuwait. Lower bond yields also supported equities, with the U.S. 10-year Treasury yield dropping to 4.77%. Remarks by Federal Reserve Governor Christopher Waller suggested the Fed may hold off on interest rate hikes if inflation data shows cooling. Meanwhile, Japan's central bank is under pressure to raise rates to support the yen. The U.S. dollar slightly eased against the yen, trading at 155.78.
Key points
- Nikkei 225 rises 0.6% to 64,622.33, following U.S. tech rally.
- U.S. tech stocks lead Wall Street gains; S&P 500 up 1.1%.
- Energy prices climb amid U.S.-Iran tensions; crude hits $91.95.
- U.S. 10-year Treasury yield drops to 4.77%; Fed may pause rate hikes.
Sources
AI-generated from public news sources. Not financial advice.
