TOKYO, Sept. 28 (Xinhua) — Tokyo shares closed decrease on Thursday because the market sentiment deteriorated over charge hike issues amid extended U.S. financial tightening.
Japan’s benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, fell sharply by shedding 499.38 factors, or 1.54 %, from Wednesday to shut the day at 31,872.52.
The broader Topix index, in the meantime, ended 34.02 factors, or 1.43 %, decrease at 2,345.51.
Tracking in a single day Wall Street losses, promoting dominated the morning session right here within the Tokyo market as effectively. Air and land transport shares had been notably decrease on fears that rising crude oil futures costs will enhance gasoline prices and weigh on earnings.
As the buying and selling day witnessed an inclination for rebalancing gross sales by institutional buyers earlier than the tip of the fiscal quarter, market observers right here believed that market sentiment was weighed down by issues over the danger that the U.S. federal authorities won’t move a price range invoice by the tip of September which could result in the shutdown of some U.S. authorities companies beginning subsequent month.
On the top-tier Prime market, decliners had been led by air transportation, warehousing and harbor transportation service, and land transportation points.
Issues that fell outpaced people who rose by 1,539 to 241, whereas 27 ended the day unchanged.