Tokyo Stocks Surge on Fed Rate Cut Hopes as Nikkei 225 Jumps to 49,559 and Topix Nears Record High
Tokyo’s Nikkei 225 jumped 1.85% to 49,559.07 on Wednesday, closing 899.55 points higher as Fed rate-cut bets fueled a broad rally. The Topix rose 1.96% to 3,355.50, with nearly 3,000 stocks advancing. Volatility dropped over 10%. The Nikkei briefly spiked more than 1,000 points intraday.