Japanese Shares Rise as Fed Hike Bets Ease
2026-09-04 00:32
By
Jam Kaimo Samonte
1 min. read
The Nikkei 225 Index rose 0.6% to above 64,500 on Friday, snapping a four-day losing streak as traders scaled back expectations for a Federal Reserve rate hike this month.
Fed Governor Christopher Waller said he would support keeping rates unchanged if price pressures continue to ease.
Meanwhile, markets are watching for a potential rate increase by the Bank of Japan at its September meeting to contain inflationary pressures.
Investors also continued to monitor sharp movements in the yen after the currency gained as much as 3% over two sessions.
Technology stocks led the rebound, with notable gains from Kioxia Holdings (1.8%), SoftBank Group (5.8%), and Fujikura (1.2%).
In contrast, financial and consumer stocks declined, including Mitsubishi UFJ (-1.1%) and Toyota Motor (-0.6%).
Still, the Nikkei is on track to fall more than 2% for the week as elevated oil prices and a recent rise in global bond yields weighed on equities during the period.