Japan's Nikkei climbs a 2nd day, led by tech on Fed rate cut hopes
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Japan’s Nikkei share average rose for a second consecutive day, driven by tech stocks amid optimism for a potential U.S. rate cut. The Nikkei 225 Index increased by 0.4% to close at 42,807.82, with SoftBank and Advantest contributing significantly. Fed Chair Jerome Powell hinted at a possible rate cut, while Bank of Japan Governor Kazuo Ueda noted wage growth could lead to interest rate hikes. TOTO saw a 7.9% rise after announcing a new plant in Georgia, while Terumo fell 4% due to a $1.5 billion acquisition.
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Source: Reuters The copyright of this article belongs to the original author/organization.
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