The Nikkei Average extended its winning streak to 3 days and regained the ¥65,000 level following the Bank of Japan’s rate-hike decision. U.S. stocks rebounded and remained near their highs after the open.
In the U.S. market, the Dow and Nasdaq rebounded after rising the previous day. A decline in crude oil prices and lower yields on long-term U.S. Treasury bonds helped ease concerns, and the Nikkei Average opened sharply higher on the 18th as investors monitored market trends in Japan and the United States.
The Nikkei Average closed at ¥65,018.95, up ¥882.70 from the previous day, recovering the ¥65,000 level at the closing-price level for the first time in about a week. The Bank of Japan decided, by a 7-2 vote, to raise its interest rate by 0.25 percentage points to approximately 1.25% before the midday break, prompting buying to prevail in the afternoon session.
Trading on the Tokyo Stock Exchange Prime Market totaled 2.86228 billion shares, with trading value reaching ¥10.3969 trillion. By sector, nonferrous metals, electric appliances and metal products rose, while electricity and gas, oil and coal products, and fisheries, agriculture and forestry declined. Among individual stocks, gainers included Advantest, Tokyo Electron, Kioxia Holdings, Ibiden, SoftBank Group, Lasertec and Murata Manufacturing, while decliners included KDDI, Terumo, Itochu, Recruit Holdings and Sony Group.