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Japanese Nikkei index gains

Japanese Nikkei index gains

The article discusses the performance of the Japanese Nikkei index, which rose by 0.3% to close at 64,136 points. The gain was supported by strong buying in pharmaceutical and gaming stocks, amid falling oil prices. The improvement is partly attributed to the Federal Reserve's decision to raise interest rates by a quarter of a percentage point, helping to reduce market uncertainty. However, caution remains as investors await the Bank of Japan's decision and as concerns about a slowdown in artificial intelligence growth persist. The article also notes that the index recently declined by 5% following intensive selling, but it recovered some losses and closed 0.2% higher at 65,270 points, buoyed by a rebound in technology stocks.

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