scorecardresearchNikkei hits 7-month high on hopes for smaller U.S. rate hikes

Nikkei hits 7-month high on hopes for smaller U.S. rate hikes

Updated: 12 Aug 2022, 08:37 AM IST
TL;DR.
The Nikkei share average rose as much as 2.5% to 28,507.31, its highest since Jan. 18, before ending the morning session 2.37% higher at 28,479.99. It has risen 1.08% so far this week in what would be its second straight weekly gain.
A person wearing a protective mask walks in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm Tuesday, Aug. 9, 2022, in Tokyo. Asian shares mostly declined Tuesday amid a global fall in technology shares, including Japan's SoftBank, which has reported hefty losses caused by the market downturn. (AP Photo/Eugene Hoshiko)

A person wearing a protective mask walks in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm Tuesday, Aug. 9, 2022, in Tokyo. Asian shares mostly declined Tuesday amid a global fall in technology shares, including Japan's SoftBank, which has reported hefty losses caused by the market downturn. (AP Photo/Eugene Hoshiko)