Investors are cautious at the start of the week.
(Photo: AP)
Beijing The Tokyo stock exchange started the new week cautiously in view of inflation and economic concerns. Negative guidance from the US and expectations of rate hikes in the US weighed on the market.
The Nikkei index, which comprises 225 values, was 0.1 percent lower at 26,834 points on Monday. The broader Topix index rose 0.1 percent to close at 1,901 points.
“Wall Street’s dramatic losses over the past week weighed on investor sentiment,” said analyst Shoichi Arisawa of brokerage IwaiCosmo Securities. In addition, many investors stayed hidden ahead of the three “Golden Week” holidays in Japan that begin Tuesday. Because during this time the meeting of the US Federal Reserve takes place, at which an interest rate hike is expected.
On Friday, disappointing business figures from the two technology groups Amazon and Apple brought heavy losses to the US stock exchanges.
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