TOKYO, Sept. 21 (Xinhua) — Tokyo shares closed decrease on Thursday amid issues over continued financial tightening within the United States.
Japan’s benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, dropped for the third consecutive day by dropping 452.75 factors, or 1.37 p.c, from Wednesday to shut the day at 32,571.03.
The broader Topix index, in the meantime, completed 22.59 factors, or 0.94 p.c, decrease at 2,383.41.
After the U.S. Federal Reserve’s coverage assembly raised extra doubts that the central financial institution will retain its aggressive posture, shares tracked an in a single day decline on Wall Street right here in Tokyo. Although a fee hike could happen inside the yr, the Fed determined to keep up charges fixed as was largely anticipated.
Following a rise in long-term U.S. treasury yields, Japan’s long-term benchmark rate of interest additionally climbed to a 10-year excessive on Thursday.
The yield on 10-year Japanese authorities bonds rose to 0.745 p.c, the very best degree since September 2013, forward of the Bank of Japan coverage assembly consequence on Friday.
On the top-tier Prime Market, decliners had been led by precision instrument, mining, and electrical equipment points.
Issues that declined outpaced people who rose by 1,229 to 536, whereas 71 ended the day unchanged.