Asian Markets: Points and Interest Rate

asian markets: It fell 3.57 points the previous day, according to The Japan Times. The Tokyo market opened higher, after the Dow Jones Industrial Average marked a record intraday high on Wednesday as U.S. Federal Reserve Chairman Jerome Powell suggested an interest rate cut at the Fed's policy-setting meeting to be held at the end of July. The 225-issue Nikkei average rose 110.05 points, or 0.51 percent, to end at 21,643.53, after losing 31.67 points on Wednesday. ; The Topix index of all first-section issues closed up 7.31 points, or 0.47 percent, at 1,578.63. Both the Nikkei and Topix accelerated their upswing later in the morning, supported by higher stock prices in other Asian markets, brokers said. Now that a U.S. interest rate cut is increasingly likely at a time when a cut is not absolutely necessary foreign investors apparently boosted buying of Japanese stocks in anticipation of a further rise on Wall Street, said Ryuta Otsuka, strategist at the investment information department of Toyo Securities Co. But the yen's strengthening against the dollar due to increased U.S. rate cut expectations weighed on the Tokyo stock market. (news.financializer.com). As reported in the news.