Overview

• U.S. stocks extended gains on Aug. 27 as investors priced in earlier Federal Reserve rate cuts, sending the Dow up 147.16 points to 45,565.23 and the Nasdaq up 45.87 to 21,590.14.
• Tokyo’s Nikkei 225 rose through the morning session on Aug. 28, closing up 211.47 yen at 42,731.74 after early semiconductor selling turned to bargain hunting.
• Nvidia posted a record quarterly net profit for May–July, but reported no sales of its H20 chip to Chinese customers, stoking uncertainty about China demand.
• Falling U.S. long-term yields were viewed as a tailwind for corporate investment and consumer spending, reinforcing equity buying.
• The yen traded in the low ¥147 per dollar range, with Tokyo quotes around ¥147.16–147.18 at 5 p.m. and New York levels near ¥146.96–147.06, supported by a narrower U.S.–Japan rate gap, month-end exporter demand, and BOJ commentary.