financetom
Market
financetom
/
Market
/
Japan's Nikkei rises as yen weakens after Fed's bumper rate cut
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Japan's Nikkei rises as yen weakens after Fed's bumper rate cut
Sep 21, 2024 7:45 AM

TOKYO, Sept 19 (Reuters) - Japan's Nikkei share average

rose more than 2% on Thursday, led by export-oriented stocks, as

the yen weakened against the U.S. dollar despite a bumper

interest rate cut by the Federal Reserve.

The Nikkei was up 2.1% at 37,133.34, as of 00:08

GMT, while the broader Topix was up 1.9% to 2,614,09.

The dollar edged higher in choppy trading after the Fed cut

rates by half a percentage point, citing greater confidence that

inflation will continue to recede to the U.S. central bank's 2%

annual target.

Uniqlo brand owner Fast Retailing ( FRCOF ) rose to give the

biggest boost to the Nikkei. Technology start-up investor

SoftBank Group rose 1.4%.

All of the Tokyo Stock Exchange's 33 industry sub-indexes

were trading higher, led by the automakers' index,

rising 3.9%.

Toyota Motor ( TM ) jumped 4.9%.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US STOCKS-Wall St ends lower as investors turn cautious ahead of Fed rate decision
US STOCKS-Wall St ends lower as investors turn cautious ahead of Fed rate decision
Sep 16, 2025
(Recasts to reflect preliminary close of trading) * Fed begins two-day policy meeting * Oracle shares up on TikTok deal framework reports * Retail sales rise 0.6% in August vs 0.2% estimate By Abigail Summerville and Sukriti Gupta Sept 16 (Reuters) - Wall Street's three main stock indexes ended lower in choppy trading on Tuesday as caution set in ahead...
Sector Update: Tech Stocks Mixed Late Afternoon
Sector Update: Tech Stocks Mixed Late Afternoon
Sep 16, 2025
03:46 PM EDT, 09/16/2025 (MT Newswires) -- Tech stocks were mixed late Tuesday afternoon with the Technology Select Sector SPDR Fund (XLK) shedding 0.4% and the SPDR S&P Semiconductor ETF (XSD) adding 0.8%. The Philadelphia Semiconductor Index increased 0.2%. In corporate news, an investor group including Oracle (ORCL), Andreessen Horowitz and Silver Lake would control TikTok's US business under an...
Sector Update: Financial
Sector Update: Financial
Sep 16, 2025
03:46 PM EDT, 09/16/2025 (MT Newswires) -- Financial stocks fell in late Tuesday afternoon trading, with the NYSE Financial Index down 0.3% and the Financial Select Sector SPDR Fund (XLF) shedding 0.4%. The Philadelphia Housing Index declined 0.7%, and the Real Estate Select Sector SPDR Fund (XLRE) shed 0.7%. Bitcoin (BTC-USD) rose 1% to $116,530, and the yield for 10-year...
Sector Update: Energy Stocks Rise Late Afternoon
Sector Update: Energy Stocks Rise Late Afternoon
Sep 16, 2025
04:04 PM EDT, 09/16/2025 (MT Newswires) -- Energy stocks were higher late Tuesday afternoon, with the NYSE Energy Sector Index up 1.4% and the Energy Select Sector SPDR Fund (XLE) adding 1.7%. The Philadelphia Oil Service Sector index was climbing 2.2%, and the Dow Jones US Utilities index was shedding 1.6%. Front-month West Texas Intermediate crude oil rose 1.9% to...
Copyright 2023-2026 - www.financetom.com All Rights Reserved