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Nikkei Briefly Tops 50,000 in Holiday-Thin Tokyo Trade

Early strength tied to U.S. rate-cut hopes was largely pared by profit-taking.

Overview

  • The Nikkei 225 hit 50,497.37 around 9:15 a.m. before easing to roughly 50,396 by 10:00.
  • The morning session ended at 50,349.64, up 5.54 points, while TOPIX finished the morning at 3,414.56, up 7.19.
  • Gains followed overnight advances in U.S. stocks on expectations that the Federal Reserve will continue cutting rates next year.
  • Holiday closures for many U.S. and European investors kept turnover light and sharpened the impact of profit-taking.
  • The yen hovered around 155.90–156.10 per dollar by 5 p.m., and a Tokyo speech by BOJ Governor Kazuo Ueda was seen as reiterating prior remarks without shifting market positioning.