Nikkei Records Its Biggest Gain in 7 Weeks After The US Federal Reserve Meeting

The Nikkei index jumped Thursday, December 16, to record its largest gain in nearly seven weeks, after the US Federal Reserve’s decision to end pandemic-period bond purchases came in line with investor expectations.

The Nikkei rose 2.13% to 2,9066.32 points, the largest increase since the first of November, while the broader Topix index rose 1.46% to 2013.08 points.

US stocks closed significantly higher last night after the Fed said it would end the stimulus measures it took due to the Corona virus pandemic in March and start raising interest rates, perhaps three times over the next year.