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Tokyo shares edge down amid warning over Fed assembly

TOKYO, July 26 (Xinhua) — Tokyo shares closed reasonably decrease on Wednesday, with buyers retreating to the sidelines forward of the U.S. Federal Reserve’s announcement of the result of its two-day coverage assembly later within the day.

The 225-issue Nikkei Stock Average misplaced 14.17 factors, or 0.04 pct, to complete at 32,668.34.

The broader Topix index, in the meantime, ended down 2.29 factors, or 0.10 p.c, at 2,283.09.

Stocks traded in a slim vary after recouping early losses as cautious temper remained forward of the Fed assembly, the place it’s extensively anticipated to lift rates of interest by 0.25 proportion level.

Decliners have been led by rubber product, transportation gear and mining points.

Among automakers, Toyota Motor misplaced 22.5 yen, or 1.0 p.c, to 2,322.0 yen, whereas Honda Motor fell 46 yen, or 1.0 p.c, to 4,435 yen. (1 yen equals 0.0071 U.S. dollar)