TOKYO, Dec. 1 (Xinhua) — Tokyo shares ended combined Friday, as tech shares slumped on rising bond yields amid warning forward of feedback from U.S. Federal Reserve Chair Jerome Powell later within the day.
Japan’s benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended down 55.38 factors, or 0.17 p.c, from Thursday at 33,431.51.
The broader Topix index, in the meantime, completed 7.59 factors, or 0.32 p.c, increased at 2,382.52.
The benchmark index was largely adverse in the marketplace on account of rising long-term rates of interest in Japan, whereas the United States weighed on tech shares as know-how firms are usually extremely leveraged, making them delicate to adjustments in rates of interest, analysts mentioned.
Dealers right here mentioned general buying and selling actions had been lackluster, as buyers awaited remarks from Powell as latest knowledge from the U.S. signifies a lower in inflation, which has fueled expectations of price cuts by the central financial institution.
On the top-tier Prime Market, gainers had been led by wholesale commerce and warehousing and harbor transportation service points, whereas high decliners had been service and precision instrument points.