Global Stocks Soar on Tech Boost, Yen Dips After BOJ Rate Hike

Business
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Moneycontrol•20-12-2025, 12:20
Global Stocks Soar on Tech Boost, Yen Dips After BOJ Rate Hike
- •MSCI's global equities advanced, led by strong technology sector performance on Wall Street.
- •The yen weakened sharply after the Bank of Japan raised interest rates to a 30-year high, as widely expected.
- •Oil prices rose amid concerns over potential supply disruptions from Venezuela, following U.S. President Donald Trump's comments.
- •U.S. tech shares surged, driven by Micron Technology's strong financial outlook and renewed optimism in the AI trade.
- •Silver hit a record high, and gold gained on expectations of Federal Reserve interest rate cuts.
Why It Matters: Tech-led stock rally, yen weakness post-BOJ hike, and rising oil/precious metals mark market day.
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