Tokyo Stocks Close Thursday Up

RunWithRugs · 2026-02-27T03:42:05+00:00

Tokyo equities ended positively, driven by Wall Street's rally, but gains were limited by renewed rate-hike speculation from a Bank of Japan policymaker. The Nikkei rose 0.29%, touching 59,000 before pulling back, while the Topix gained 0.97%.

RunWithRugs

2026-02-27 03:42:05

Abstract generation in progress

(MENAFN) Tokyo equities closed in positive territory Thursday, riding the coattails of an overnight Wall Street rally, though a late pullback tempered broader gains after a Bank of Japan policymaker stoked fresh expectations of further interest rate increases.

The benchmark 225-issue Nikkei Stock Average advanced 170.27 points, or 0.29%, to close at 58,753.39 — briefly piercing the 59,000 threshold for the first time before surrendering part of those gains. The wider Topix index also touched a record intraday peak before settling 37.18 points, or 0.97%, higher at 3,880.34.

On the top-tier Prime Market, service, banking, and marine transportation issues led the charge as the day’s strongest performers.

Heavyweight technology stocks initially surged following blockbuster earnings from US semiconductor titan Nvidia Corp., but momentum fizzled as the chip giant’s shares stalled during after-hours trading on US futures markets.

The broader rally was further capped by renewed rate-hike speculation after Hajime Takata, a hawkish member of the Bank of Japan’s policy board, delivered remarks in Kyoto signaling that the central bank should maintain its trajectory toward additional monetary tightening. The comments were enough to unsettle investors and dial back the session’s earlier enthusiasm.

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