Tokyo Stock Price Index: the broad market gauge on the Tokyo Stock Exchange
Global markets hold steady as US Federal Reserve Chair Kevin Warsh signals a cautious pause, with oil prices stabilising after recent falls. UK inflation data supports expectations of a hold on rates, while energy assets rally on easing supply concerns.
Global markets are mixed as investors digest news of a framework for a long-term Iran peace deal. Oil prices have fallen sharply, and major indices climbed in US trading after the deal signals potential sanctions relief and production shifts across the Middle East.
Firms with the smallest free-float market caps on the Tokyo Stock Exchange are being phased out of the Topix benchmark over two years starting in October, potentially triggering a scramble among smaller firms as passive funds redirect about $1 trillion. The overhaul tackles investor concerns about illiquid, micro-cap stocks inflating index replication costs.