Japan's Nikkei average rises 2.1% following U.S. rate cut

Yen's limited appreciation driving stocks higher, Monex says

20240919 Fed market reaction

A screen on the trading floor displays a news conference with Federal Reserve Chair Jerome Powell following the rate announcement on Wednesday. © Reuters

LISA KIM and ECHO WONG, Nikkei staff writers

TOKYO/HONG KONG -- Japanese stocks rose Thursday on the weaker yen and greater clarity over the direction of U.S. monetary policy.

The benchmark Nikkei Stock Average had climbed 775.16 points, or 2.1%, to 37,155.33 by Thursday's close -- marking its highest finish since Sept. 3. The broader Tokyo Stock Price Index ended up 51.50 points, or 2%, at 2,616.87.

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