CIBR is trading at $103.54, up 1.85% from the September 17 close, as technology futures lead a broader overnight rebound.
- The Bank of Japan’s expected 25-basis-point hike to 1.25%, delivered with a 7-2 vote, weakened the yen and reduced fears of aggressive tightening.
- The move supported Asian technology shares and global risk appetite.
- Falling oil prices, easing Treasury yields, and the post-Fed relief rally are adding support.