Arab Today, arab today nikkei closes down 023 ahead of feds policy meeting
Last Updated : GMT 10:17:09
Arab Today, arab today
Arab Today, arab today

Nikkei closes down 0.23% ahead of Fed's policy meeting

Arab Today, arab today

Arab Today, arab today Nikkei closes down 0.23% ahead of Fed's policy meeting

Tokyo Stock Exchange
Tokyo - XINHUA

The Nikkei stock index snapped a five-day winning streak Tuesday closing 0.23 percent lower as investors looked to cash in gains after the long weekend and ahead of a key U.S. Federal Reserve Policy meeting kicking off later in the day. The Nikkei 225 index lost 36.76 points at 15,911.53, while the broader Topix index of all first-section shares ended 0.22 percent, or 2.86 points lower at 1,310.86.
Traders here pointed to U.S. industrial production dropping unexpectedly in August for the first time since January, with the reading for the period down 0.1 percent from a month earlier, compared to median economists' expectations for a 0.3 percent gain.
Manufacturing production in particular was a falling component that slumped 0.4 percent, which analysts here said gave some concern for the automobile sector.
Falling industrial production in China to 6.9 percent in August, following sharp gains in previous months, also piqued the interest of brokers here, although the news was largely shrugged off, they said.
But in general brokers here said that markets being closed here on Monday for a national holiday and the index following a mixed picture from Wall Street overnight, coupled with news expected from the Fed, ensured the market closed lower.
"The market is taking a break today after rising continuously," said Toshihiko Matsuno, chief strategist at SMBC Friend Securities Co. "The mood is to hold back ahead of the Fed meeting."
The Fed will likely announce at the end of its key policy meeting that it will continue to keep interest rates low at least until mid-1015. After ending its huge stimulus program, the central bank is widely expected to further scale down its monetary easing program to effective zero by the end of October.
The halt in the yen's depreciation at around the 107-yen line also made investors think twice about chasing assets higher, and the mood among market players was markedly more muted Tuesday.
Real estate issue comprised the worst performing sector, with Mitsui Fudosan losing 1.9 percent to 3,361 yen and Tokyu Fudosan dropping 2.3 percent to 770 yen.
Among exporters, Mitsubishi Motors reversed 1 percent to 1,218. 0 yen, on reports of a 650 million U.S. dollar project to build a new car plant in Indonesia and Pioneer dropped 1.23 percent to 319 yen, after local reports said the firm plans to sell its DJ equipment business to U.S. investment fund Kohlberg Kravis Roberts.
Financial issues also weighed on the market Tuesday, with Sumitomo Mitsui dropping 1.3 percent to 4,364 yen, while top- lender Mitsubishi UFJ retreated 1.2 percent to 614 yen.
Tokyo Dome was also among the day's notable decliners, tumbling 3.6 percent to 484 yen, following the baseball stadium operator reporting at the end of last year that its full-year net income will drop 38 percent to 5 billion yen and its half year profit for the six months to July has fallen 30 percent.
SoftBank, bucked the downward trend however, climbing 3.5 percent to 8,657 yen, as Alibaba is offering its shares higher than initially expected at 66 to 68 U.S. dollars each. SoftBank is Alibaba's biggest stakeholder.
Trading volume on Tuesday dropped to 1.86 billion shares on the Tokyo Exchange's First Section, up from Friday's volume of 2.74 billion shares, with advancing issues outnumbering declining ones by 878 to 802.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today nikkei closes down 023 ahead of feds policy meeting Arab Today, arab today nikkei closes down 023 ahead of feds policy meeting

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today 17.4 million tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 06:44 2017 Sunday ,26 February

Doubts grow over American stock market’s surge

GMT 06:26 2017 Sunday ,26 February

Copper recovers lost ground

GMT 15:53 2017 Saturday ,25 February

Bahrain Bourse daily trading report

GMT 14:28 2017 Saturday ,25 February

Gold hits 3.5-month high

GMT 03:11 2017 Saturday ,25 February

50 Tunisian exhibitors at Gulfood 2017, Dubai

GMT 02:19 2017 Saturday ,25 February

SIEL expo, March 1-4

GMT 12:30 2017 Friday ,24 February

Norway's Telenor to leave Indian telecom market
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Reasons for the delay 'On the Stairs of Servants'

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday