You are here

Tokyo: Stocks jump 1.65% at open on historic Fed rate rise


[TOKYO] Tokyo stocks soared at the open on Thursday after the US Federal Reserve raised interest rates for the first time in nearly a decade, underscoring its confidence in the health of the world's top economy.

The benchmark Nikkei 225 index at the Tokyo Stock Exchange jumped 1.65 per cent, or 314.66 points, to 19,364.57 in opening deals, after surging 2.61 per cent a day earlier.

The Topix index of all first-section shares surged 1.64 per cent, or 25.23 points, to 1,565.95.