Global financial markets were once again under pressure due to rising risks related to a possible increase in interest rates by the Bank of Japan. On this backdrop, the Japanese Nikkei index managed to close with a slight gain after a drop during the trading session.
At the start of the day, the index gained momentum, but then faced instability due to market trepidation regarding a possible correction of the Bank of Japan's rates. It’s worth noting that an increase in the interest rate could negatively impact equity indices.
However, by the end of the trading session, the influence of these risks began to weaken, and the Nikkei managed to gain a bit in the backdrop of recovery in the tech sector. Analysts believe that the reaction of the equity market to the potential actions of the Bank of Japan will continue in the coming days.
*Expert Quote* "We expect that the market will maintain high volatility ahead of the Bank of Japan's meeting, but positive momentum may be sustained against a backdrop of strengthening in the technology sector," noted a financial analyst.
