The Nikkei 225 rose 1.34% to 64,117.58 in morning trade on October 28, 2026, with semiconductor-related shares among the gainers ahead of a US Federal Reserve policy decision.

Key Takeaways

  • The broader Topix index rose 0.39% to 4,012.81.
  • Disco and Screen Holdings gained more than 3%, while Mitsui Kinzoku was the Nikkei’s largest percentage gainer.
  • The advance followed gains in US stocks on Tuesday, led by technology shares.

Nikkei 225 gains as chip stocks advance

Disco rose 3.67% and Screen Holdings gained 3.46%. Mitsui Kinzoku climbed 3.87%, making it the Nikkei’s top percentage gainer, followed by Shin-Etsu Chemical, up 3.78%.

The index’s advance followed a rise in US technology shares: on October 27, the S&P 500 gained 0.60% and the Nasdaq Composite advanced 1.18%.

Market breadth in Tokyo was more balanced than the headline index gain suggested, with 109 Nikkei stocks advancing and 93 declining. Konami Group fell 3.51%, Asahi Group Holdings lost 2.75% and Idemitsu Kosan dropped 2.32%.

Fed decision in focus

Investors were awaiting the Federal Reserve’s policy decision later on October 28. The Fed’s October meeting calendar lists a two-day Federal Open Market Committee meeting on October 27–28 and a press conference on the final day.

Markets were pricing in a hold on interest rates and a high probability of a December increase. Takayuki Miyajima, senior economist at Sony Financial Group, said investors were also likely to be cautious ahead of earnings announcements from major Japanese and US companies.

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