Japan's Nikkei hits 70,000 for the first time after BOJ rate hike (opens original article in a new tab)

Japan's Nikkei share average reached a record high following the Bank of Japan's rate hike, with the yen remaining stable and markets reacting positively to the central bank's gradual approach.

• Japan's Nikkei 225 hit a record high after BOJ raised interest rates as expected
• Yen remained stable against the dollar despite rate hike
• BOJ's decision showed gradual tightening with accommodative financial conditions
• AI stocks and chip-testing machinery makers drove market gains