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Nikkei 225 Jumps 900 Points to 49,559 on Fed Easing Bets

Expectations for aggressive U.S. rate cuts tied to reports favoring Kevin Hassett fueled semiconductor buybacks in Tokyo.

Overview

  • The Nikkei 225 closed at 49,559.07, up 899.55, after briefly rising more than ¥1,000 intraday and reclaiming the 49,000 line.
  • Tokyo’s advance tracked a U.S. rally, with the Dow up 664.18 on Tuesday as reports cast NEC chair Kevin Hassett as the leading Fed chair candidate, stoking rate‑cut expectations.
  • Semiconductor-related stocks led gains as investors bought back cyclical names, echoing AI-driven strength in U.S. tech shares.
  • Market participation was broad, with about 2.32167 billion shares traded on the Tokyo market.
  • The yen held around the mid-¥156 per dollar range into the close, and the Bank of Japan reported ¥32.8258 trillion in unrealized losses on JGB holdings as of end-September.