AIRLINK 180.36 Increased By ▲ 6.57 (3.78%)
BOP 11.17 Decreased By ▼ -0.19 (-1.67%)
CNERGY 8.53 Decreased By ▼ -0.11 (-1.27%)
CPHL 100.41 Decreased By ▼ -1.23 (-1.21%)
FCCL 45.96 Decreased By ▼ -0.98 (-2.09%)
FFL 15.81 Increased By ▲ 0.42 (2.73%)
FLYNG 27.89 Increased By ▲ 0.10 (0.36%)
HUBC 142.47 Decreased By ▼ -1.28 (-0.89%)
HUMNL 13.01 Increased By ▲ 0.02 (0.15%)
KEL 4.52 No Change ▼ 0.00 (0%)
KOSM 5.84 Increased By ▲ 0.08 (1.39%)
MLCF 61.90 Decreased By ▼ -0.43 (-0.69%)
OGDC 214.32 Increased By ▲ 2.30 (1.08%)
PACE 5.92 Increased By ▲ 0.45 (8.23%)
PAEL 46.83 Decreased By ▼ -0.24 (-0.51%)
PIAHCLA 17.84 Decreased By ▼ -0.24 (-1.33%)
PIBTL 10.62 Decreased By ▼ -0.24 (-2.21%)
POWER 12.17 Decreased By ▼ -0.09 (-0.73%)
PPL 172.71 Increased By ▲ 1.43 (0.83%)
PRL 36.02 Increased By ▲ 0.14 (0.39%)
PTC 23.26 Decreased By ▼ -0.10 (-0.43%)
SEARL 96.06 Decreased By ▼ -0.90 (-0.93%)
SSGC 41.34 Decreased By ▼ -0.37 (-0.89%)
SYM 14.44 Increased By ▲ 0.29 (2.05%)
TELE 7.38 Increased By ▲ 0.28 (3.94%)
TPLP 10.08 Increased By ▲ 0.12 (1.2%)
TRG 67.90 Increased By ▲ 4.01 (6.28%)
WAVESAPP 10.00 Decreased By ▼ -0.02 (-0.2%)
WTL 1.34 Increased By ▲ 0.01 (0.75%)
YOUW 3.81 Increased By ▲ 0.09 (2.42%)
BR100 12,481 Increased By 33.6 (0.27%)
BR30 38,008 Increased By 88.3 (0.23%)
KSE100 116,776 Increased By 385.5 (0.33%)
KSE30 35,849 Increased By 153 (0.43%)

TOKYO: Japan’s Nikkei share average rose in early trading on Friday, buoyed by a record close for US stocks overnight.

Gains came despite a widely expected interest rate hike by the Bank of Japan later in the day.

The Nikkei added 0.3% to 40,076.88 as of 0014 GMT, with 159 of the index’s 225 components rising, versus 64 that fell and two that were flat.

The broader Topix advanced 0.2%. On Thursday, the US S&P 500 climbed 0.5% to mark its first closing record since Dec. 6.

Japan’s Nikkei rises as tech shares gain

There is not a set time for the BOJ decision, but it tends to come after 0230 GMT, which is when Japanese markets close for the midday recess.

“The BOJ has gone to pains to guide the market towards this hike and has expressly said it wouldn’t do it if the markets were volatile at the time of the meeting,” said Kyle Rodda, senior financial market analyst at Capital.com.

“It’s very unlikely the BOJ would pull the rug from underneath the market, considering all the conditions have been met for the central bank to hike.”

Comments

200 characters