The Nikkei Stock Average extended its gains in Tokyo trading on the 17th, ending the morning session ¥43.87 higher than the previous day at ¥63,966.87. Buying spread across a wide range of stocks on relief that the FOMC had passed without incident. Some market participants also see the debate over AI regulation as a burden.
The Nikkei Stock Average extended its gains in Tokyo trading on the 17th, ending the morning session ¥43.87 higher than the previous day at ¥63,966.87. Gains temporarily exceeded ¥700, and the market saw active buying.
The U.S. Federal Open Market Committee (FOMC), which markets had been watching closely, decided on a 0.25% rate hike, in line with market expectations. Buying consequently spread across a wide range of stocks, including growth stocks and defense stocks such as SBG.
Relief over the FOMC's decision was one factor supporting the overall market, while some market participants also see the debate over AI regulation as a burden on corporate activity.