Tokyo: Nikkei strikes 1-week high as US dollar gains on Fed rate hike hopes
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[TOKYO] Japan's Nikkei share average soared to a one-week high on Tuesday as the dollar rose against the yen after two US Federal Reserve officials supported the case for an interest rate hike sooner rather than later.
The Nikkei rose 1.9 per cent to 17,048.55, the highest closing level since March 15.
The broader Topix gained 1.9 per cent to 1,369.93, and the JPX-Nikkei Index 400 advanced 1.8 per cent to 12,365.94.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Amazon’s MGM Studios gains creative control over ‘James Bond’ franchise
UOB’s Wee Ee Cheong says S$4.9 billion Citi deal ‘paying off’ as Asean push accelerates
In taxing wealth, how far can Singapore push property owners?