Japan’s Nikkei rises amid hopes of slowing US interest rate hike

US stocks Last night after a small unexpected increase in consumer prices boosted optimism that the Federal Reserve will soon reverse its decisions to raise interest rates to curb inflation.

Today, the US Federal Reserve is expected to announce an increase in interest rates by 50 basis points after raising them by 75 basis points over the past four meetings.

Big tech companies led the Nikkei index higher, with chipmaker Tokyo Electron Co rising 1.9 percent, giving the index the biggest boost.

The aviation sector was the biggest loser among the industrial groups on the stock exchange, which fell 0.9 percent.

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The Nikkei rose 0.72 percent to 28,156.21, its highest close since December 1. The broader Topix index rose 0.6 percent to 1,977.42.

and elevation US stocks Last night after a small unexpected increase in consumer prices boosted optimism that the Federal Reserve will soon reverse its decisions to raise interest rates to curb inflation.

Today, the US Federal Reserve is expected to announce an increase in interest rates by 50 basis points after raising them by 75 basis points over the past four meetings.

Big tech companies led the Nikkei index higher, with chipmaker Tokyo Electron Co rising 1.9 percent, giving the index the biggest boost.

The aviation sector was the biggest loser among the industrial groups on the stock exchange, which fell 0.9 percent.

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