TOKYO, Oct. 3 (Xinhua) — Tokyo shares closed decrease on Tuesday amid issues over the affect of U.S. Federal Reserve’s attainable extended rate of interest hikes.
Japan’s benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended decrease for the fourth consecutive buying and selling day by shedding 521.94 factors, or 1.64 p.c, from Monday to shut at 31,237.94.
The broader Topix index, in the meantime, completed 38.97 factors, or 1.68 p.c, decrease at 2,275.47.
Weak performances had been seen within the Tokyo market monitoring in a single day Wall Street losses after the long-term fee quickly rose to a 16-year excessive of 4.70 p.c within the U.S. bond market on Monday amid expectations of a chronic interval of financial tightening.
While the Japanese stock market continues to regulate, the Japanese yen continues to weaken in opposition to the U.S. dollar within the international trade market. Market watchers right here famous that long-term abroad buyers, who had been shopping for through the April-May rally, have been adopting profit-taking methods on worth shares.
On the top-tier Prime market, decliners had been led by mining, oil and coal product and nonferrous metallic points.
Issues that fell outpaced people who rose by 1,663 to 159, whereas 13 ended the day unchanged.