Nomura Holdings shares hit an 18-year high in Tokyo trading on the 4th. Buying led the market on expectations for shareholder returns, while movements in long-term US interest rates also affected the broader market.
In Tokyo trading on the 4th, the Nikkei Stock Average rebounded after 5 sessions, closing at ¥65,020.94, up ¥806.46, or 1.26%, from the previous day. The retreat in expectations for an early US rate hike was seen as a backdrop, while movements in long-term US interest rates also helped stimulate market activity.
Nomura Holdings shares reportedly reached an 18-year high that day, with expectations for shareholder returns cited as a buying catalyst.
There was also speculation that investor activity had intensified, particularly in the financial sector, following the broader market rebound and movements in individual stocks.