Nasdaq rallies again while yen falls despite BOJ rate hikeNEW YORK, Dec 20, 2025 (BSS/AFP) - Resurgent artificial intelligence shares lifted the Nasdaq Friday for a second straight session while the yen retreated despite a Bank of Japan interest rate hike. The tech-forward Nasdaq piled on 1.3 percent after a similar gain Thursday following blowout earnings from chip company Micron Technology. Also Friday, the Bank of Japan hiked interest rates to a 30-year high. "Cautious comments on the rate outlook from BoJ Governor Ueda at his press conference have undercut the yen." Russia's central bank said it was cutting its benchmark interest rate to 16 percent as the country's economy sags under the financial burden of the Ukraine offensive and Western sanctions.

Source: Bangladesh Sangbad Sangstha December 20, 2025 03:53 UTC