TOKYO, Aug. 18 (Xinhua) — Tokyo shares fell for the third consecutive day on Friday amid considerations over continued U.S. rate of interest hikes.
Japan’s benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, hit its lowest since June 1 by shedding 175.24 factors, or 0.55 p.c, from Thursday to shut at 31,450.76.
The broader Topix index, in the meantime, completed 15.77 factors, or 0.7 p.c, decrease at 2,237.29.
The declines got here after losses within the U.S. stock market, the place U.S. long-term rates of interest rose as a result of view that the U.S. financial tightening will probably be extended.
On the Prime Market, most shares fell, with decliners led by electrical energy and fuel, retail and building shares.
Issues that declined outpaced people who rose by 1,448 to 334, whereas 53 ended the day unchanged.