Tokyo stock market hits 13-month low ahead of Fed decision

Markets Asia

Asian investors retreat ahead of Fed meeting.

(Photo: Reuters)

Tokyo, Frankfurt The Tokyo stock exchange was initially weaker on Wednesday. As before, the interest rate decision by the US Federal Reserve was eagerly awaited in Europe and on Wall Street later in the day.

The Nikkei index, which comprises 225 values, was 0.4 percent lower at 27,024 points. Meanwhile, it fell 1 percent to its lowest level since December 2020. The broader Topix index fell 0.1 percent to 1,895 points.

The Shanghai stock exchange was up 0.6 percent. The index of major companies in Shanghai and Shenzhen gained 0.5 percent.

In Asian foreign exchange trading, the dollar was almost unchanged at 113.85 yen and flat at 6.3230 yuan. Against the Swiss currency, it was 0.1 percent lower at CHF 0.9173. At the same time, the euro rose by 0.1 percent to $1.1306 and was almost unchanged at CHF 1.0373. Sterling gained 0.1 percent to $1.3506.

Top jobs of the day

Find the best jobs now and
be notified by email.

Read on now

Get access to this and every other article in the

Web and in our app free of charge for 4 weeks.

Continue

Read on now

Get access to this and every other article in the

Web and in our app free of charge for 4 weeks.

Continue

.
source site-12