TOKYO, Sept. 26 (Xinhua) — Tokyo shares closed decrease on Tuesday amid issues that the U.S. rate of interest hikes in opposition to the backdrop of the Federal Reserve’s financial tightening stance can be extended.
Japan’s benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended down 363.57 factors, or 1.11 %, from Monday to shut the day at 32,315.05.
The broader Topix index, in the meantime, completed 13.56 factors, or 0.57 %, decrease at 2,371.94.
While the U.S. fee hike issues weighed on development shares within the Tokyo market, some market watchers right here believed that home pension funds and different buyers tended to promote their property for rebalancing towards the tip of the month.
The Nikkei Stock Average prolonged its downward vary and closed at its lowest stage of the day.
On the top-tier Prime Market, decliners have been led by pharmaceutical, equipment and electrical equipment points.
Issues that fell outpaced people who rose by 1,280 to 495, whereas 61 ended the day unchanged.