Nikkei Climbs 553.84 Points to 67,524.06 as Weak Yen Fuels BOJ Rate-Hike Bets

2 articles · Updated · moomoo.com · Aug 12

67,524.06 yen marked the Nikkei’s close, up 553.84 points, with gains accelerating in the afternoon after an early flat start.
Mid-159 yen dollar trading and firm U.S. stock futures revived expectations of an early Bank of Japan rate hike, lifting banks, miners and non-ferrous shares.
TOPIX rose 38.39 points to 4,139.00 and hit an intraday high, while buy-dominant volume on the Prime Market reached 1.69 trillion yen versus 1.59 trillion yen sold.
Taiyo Yuden jumped 7.51% as a major shareholder emerged, Kioxia briefly gained 8.5%, while Lasertec fell 1.82% on profit-taking and Rakuten Group dropped 13.77%.
The advance was broad but trading stayed thin at just over 7.3 trillion yen by midafternoon, with investors rotating toward semiconductors and strong earnings during the Obon holiday lull.