The Nikkei average extended its gains, rising ¥525.86 to 64,662.11 at the morning close. As concerns over the Federal Reserve’s hawkish stance and higher oil prices eased, funds began returning to the equity market.
The Nikkei Stock Average extended its gains in Tokyo trading on the 18th, rising ¥525.86 from the previous day to 64,662.11 at the morning close. It was up 0.82%.
Caution over “Trump inflation,” originating in the United States, eased, while a pause in the Federal Reserve’s hawkish stance and the rise in oil prices were cited as factors behind the view that funds were returning to the equity market.
Although investors awaited the release of the results of the Bank of Japan’s monetary policy meeting, the market continued to test a recovery during the morning session. The Nikkei’s gain from the previous day was reported to have exceeded ¥700 at one point.