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المشهد العربي
Japanese stocks rally before central bank meeting
The Japanese stocks concluded their trading sessions with a weekly loss of 2%, despite the Nikkei Index temporarily rising after recovering from four consecutive days of decline. Market anticipation was high regarding the Bank of Japan's upcoming meeting, where an interest rate hike is expected. SoftBank Group's stock surged, increasing by 11.78%, supported by the rise of its chip unit, Arm Holdings, which gained more than 3% on Wall Street. Meanwhile, shares of Mitsubishi and Mitsui declined by 4.45% and 3.1%, respectively, due to profit-taking. The US dollar also rose against the Japanese yen, reaching 156.30 yen, amid expectations of a rate hike at the upcoming meeting of Japan’s central bank.
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