Japan's Nikkei index surged past 70,000 for the first time as the Bank of Japan raised its short-term policy rate to 1%, the highest in 31 years. The central bank's gradual tightening, coupled with diminished Middle East conflict risks, supported equities. Simultaneously, an Iran-US peace deal boosted sentiment, leading to gains in India's Sensex and Nifty.
Japan's Nikkei index surged past 70,000 for the first time, reaching a lifetime high, despite the Bank of Japan raising its short-term policy rate to 1%, its highest in 31 years. The rally was fueled by the BOJ's gradual tightening approach and diminished geopolitical risks in…
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