Tokyo’s market witnesses rise in shares amid hopes for US rate cuts
(MENAFN) Tokyo’s stock market saw a notable rebound on Tuesday, as rising hopes for a potential interest rate reduction by the U.S. Federal Reserve lifted investor confidence, according to reports.
The Nikkei 225, Japan’s main stock index, ended the day at 40,549.54 — marking an increase of 258.84 points, or 0.64 percent, from the previous session.
Investor optimism was fueled by recent signs pointing to a cooling U.S. labor market, which intensified expectations that the Federal Reserve might start easing interest rates as early as September.
Several leading Japanese firms recorded strong gains, with companies like SoftBank Group, TDK, and Fanuc performing particularly well in response to positive momentum from U.S. markets.
The broader TOPIX index also saw improvement, adding 20.34 points, or 0.70 percent, to close at 2,936.54.
Out of the listed companies on the Tokyo Stock Exchange Prime Market, 1,154 saw gains, 412 declined, and 56 remained unchanged.
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