Key facts
- Japan's Nikkei 225 index surpassed 70,000 for the first time.
- The Bank of Japan raised its policy rate to 1%.
- Global stocks rose following the Bank of Japan's rate hike.
- SpaceX's IPO boosted tech shares.
- Nvidia conducted a bond sale.
- Emerging-market stocks advanced for a third consecutive session.
- Emerging-market stocks are nearing a record high.
- Falling crude oil prices are fueling emerging market gains.
- A rally in technology stocks is supporting emerging markets.
Global stock markets are showing strong upward momentum, with Japan's Nikkei 225 index achieving a historic high, surpassing 70,000 for the first time. This significant milestone was reached in the wake of the Bank of Japan's recent decision to raise its policy rate to 1%. The positive sentiment is not confined to Japan; global stocks are also on the rise.
Technology shares are a key contributor to the market's advance. The initial public offering (IPO) of SpaceX has provided a notable boost to the tech sector. Additionally, a bond sale conducted by Nvidia has further supported the rally in technology stocks. Emerging-market stocks are also participating in this broad market upswing, advancing for a third consecutive session and nearing a record high.