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Tokyo shares finish blended on warning forward of Fed, BOJ coverage conferences

TOKYO, July 25 (Xinhua) — Tokyo shares closed blended Tuesday, as buyers exercised warning forward of coverage conferences of the U.S. Federal Reserve and the Bank of Japan this week.

The 225-issue Nikkei Stock Average fell 18.43 factors, or 0.06 p.c, from Monday to complete at 32,682.51.

The broader Topix index, in the meantime, ended up 4.20 factors, or 0.18 p.c, at 2,285.38.

“We should not take this level of decline seriously but market players were not actively making bets ahead of the central bank’s decision in Japan, the U.S. and Europe,” stated Takehiko Masuzawa, buying and selling head at Phillip Securities Japan.

Decliners had been led by data and communication and pharmaceutical shares, whereas gainers had been led by mining and nonferrous steel shares.

Among shares, chip-making gear maker Tokyo Electron was down 100 yen, or 0.5 p.c, at 19,665 yen.

Energy-related points climbed after the Middle East crude oil futures briefly climbed to the very best stage since November 2022 on the Tokyo Commodity Exchange.

Oil refiner Eneos Holdings rose 10.1 yen, or 2.0 p.c, to 512.5 yen.

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