TOKYO (AP) — Global shares mostly advanced and Japan’s benchmark Nikkei 225 briefly topped 70,000 for the first time Tuesday before trimming early gains after the Bank of Japan raised its key interest rate to 1%. The quarter percentage point hike took the benchmark rate to its highest level in three decades. France’s CAC 40 jumped 0.7% in early trading to 8,446.06, while the German DAX added 0.8% to 25,102.01. Britain’s FTSE 100 surged 0.6% to 10,492.11. The future for the S&P 500 was nearly unchanged while that for the Dow Jones Industrial Average edged 0.1% higher.Japan’s Nikkei 225 rose 0.1% to finish at 69,404.50, while South Korea’s Kospi moved further into record territory, gaining 2.1% to 8,726.60. In Hong Kong, the Hang Seng slipped 1.4% to 24,493.95, while the Shanghai Composite fell 0.1% to 4,091.89. Australia’s S&P/ASX 200 was little changed, rising less than 0.1% to 8,917.70.
Taiwan’s Taiex surged 0.9%, while India’s Sensex picked up 0.7%. On Monday, stock markets rallied worldwide and oil prices eased after the United States and Iran reached a tentative deal to get the global flow of crude going again. The S&P 500 rose 1.7% and the Dow climbed 0.9% to a record. The Nasdaq composite jumped 3.1%.
