The Nikkei Stock Average rose ¥441 in September. Global interest-rate increases, driven by higher crude oil prices, capped gains.
The Nikkei Stock Average rose ¥441 (0.67%) in September.
Global interest-rate increases, driven by persistently high crude oil prices, weighed on equities, limiting the rebound. The Bank of Japan raised its policy rate to 1.25% to curb rising prices.
The yield on newly issued 10-year Japanese government bonds, a benchmark for long-term interest rates, remained at the 3% threshold, while U.S. long-term interest rates were slightly above 5%.