Tokyo stocks rise after Fed's rate hike eases economic outlook concerns

Tokyo stocks experienced a rise on Thursday morning as the uncertainty surrounding the economy's outlook eased following the U.S. Federal Reserve's expected interest rate hike. The Nikkei Stock Average increased by 43.87 points, or 0.07 percent, reaching 63,966.87, while the Topix index climbed by 29.34 points, or 0.72 percent, to 4,091.06.

The U.S. dollar showed a mostly lower range against the yen, with dealers expecting the gap between Japanese and U.S. interest rates to widen as the Fed signals more rate hikes. Most sectors, including game and medical issues, witnessed an uptick, although AI- and semiconductor-related shares faced selling pressure, limiting the overall upside for the Nikkei index.

The Bank of Japan's policy meeting, which began later in the day, prompted investors to await further clues about the central bank's stance.

Brief written by urgent.news from The Mainichi's own syndicated text. Machine-written — may contain errors; check the original before relying on it.