macro

Nikkei rises as Wall Street tech rally boosts sentiment ahead of Fed

Japan's Nikkei 225 climbed 1.34% in morning trade after tech gains on Wall Street, while investors await the FOMC rate decision and watch Middle East risks.

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what happened

The Nikkei 225 rose 1.34% to 64,117.58 in morning trade on Wednesday, following an overnight rally in US technology shares, according to Reuters. The broader Topix added 0.39% to 4,012.81.

Overnight, the S&P 500 gained 0.60% and the Nasdaq rose 1.18%, with tech leading and energy lagging. Meta Platforms slipped after expanding its share sale to 97.5 billion dollars to finance AI spending, with Nvidia and AMD taking part for 3 billion and 1 billion dollars.

In Tokyo, chip-equipment makers Disco and Screen Holdings were among the top gainers, up 3.67% and 3.46%.

why it matters

Traders are also waiting for the Federal Open Market Committee's rate decision later on Wednesday, with a hold widely expected and a December hike seen as likely. Crude fell overnight, but the war involving the US, Israel and Iran and security risks around the Strait of Hormuz remain in focus. Takayuki Miyajima of Sony Financial Group said buying in AI and chip stocks is likely, though investors want to see the Fed outcome first.

market impact

Japanese equities and chip stocks: US tech rally supports sentiment ahead of the FOMC decision

  • Nikkei 225 pressure up — gains in US tech shares carry over into Tokyo trading

instruments

Nikkei 225TopixS&P 500NasdaqBrent

sources

  1. Japan's Nikkei jumps as Wall Street tech rally lifts mood — Reuters, 28 October 2026 at 00:40 UTC

prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.

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