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Nikkei Closes at 50,407, Edging Higher After U.S. Rally

Gains reflected optimism over Federal Reserve rate cuts during Christmas-thinned trading.

Overview

  • The Nikkei 225 finished at 50,407.79, up 63.69 yen from the prior close, as TOPIX also inched higher.
  • Positive sentiment from U.S. equities, lifted by expectations of further Fed easing, supported early buying in Tokyo.
  • Light participation during the Christmas holiday led to profit-taking and swings around the previous day’s level.
  • Intraday moves included a 9:15 a.m. peak near 50,497.37 (about +153), a 10:00 a.m. reading of 50,396.82 (+52.72), and a morning close at 50,349.64 (+5.54).
  • The dollar traded in the upper ¥155 range against the U.S. dollar during Tokyo hours, near ¥155.8–155.9.