Nikkei Rises 0.6%: Fed Signals Rate Cut
The Nikkei index rose 0.6% to 47,131.16, boosted by hopes of a Fed rate cut. Fed Chairman Jerome Powell signaled the possibility of a 25-bps rate cut later this month, according to Commerzbank research—enough to spark buying.
Among the top gainers, Modec surged 6.1%, Sanrio rose 4.7%, and Aeon also added 4.7%. The gains were spread across several sectors, indicating broad market sentiment, not limited to specific stocks.
Conversely, Asahi Group Holdings fell 1.1% after delaying its third-quarter results release due to the impact of a cyberattack. This pressure was more issuer-specific and did not significantly affect the main index.
In the forex market, USD/JPY barely moved at 151.81 (vs 151.83 overnight). A weak yen typically benefits Japanese exporters, providing additional upside for the Nikkei, while the focus remains on the Fed's decision at the end of the month. (asd)
Source: Newsmaker.id
