The Nikkei 225 started the morning session on the 17th with a slight gain from the previous day, and a broad range of stocks attracted buying on relief after the FOMC. AI-related stocks, however, remained weak and capped market gains.
At the morning close, the Nikkei 225 was up ¥43.87 from the previous day at ¥63,966.87, while TOPIX was up 29.34 points at 4,091.06. At one point after the open, the Nikkei 225 was up more than ¥700.
The Federal Open Market Committee (FOMC) produced an outcome in line with expectations, spreading relief that the event had passed, and buying led across a broad range of stocks. However, concerns about a slowdown in AI development remained strong, and AI-related stocks remained weak.
80% of stocks rose and 16% fell. Trading volume was 915.1 million shares, and trading value was ¥3.6036 trillion.
By sectoral stock price index, Other Products, Pharmaceuticals and Insurance rose, while Mining, Oil and Coal Products, and Nonferrous Metals fell.
80% of Prime-listed stocks are rising. The FOMC's decision to raise interest rates was viewed as in line with expectations, and one market view was that "buying is coming in today on relief that the important event has passed."