TOKYO -- Japan's benchmark stock average topped the 50,000 mark for the first time on Monday as investors welcomed an easing in U.S.-China tensions and with expectations growing for the Federal Reserve to further cut rates this week.
Equities
Nikkei average hits 50,000 for 1st time on US-China deal, likely Fed cut
Yen trades around 153 per dollar, depreciating to all-time low against euro
Hopes are high for newly inaugurated Japanese Prime Minister Sanae Takaichi to deliver an expansionary fiscal package to support growth. (Photo by Nanami Sato)
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