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Markets

Tokyo stocks open lower after Fed chief comments

Published February 28, 2018 Updated February 28, 2018 08:05am

Tokyo: Tokyo stocks opened lower on Wednesday, as worries about higher interest rates continued to dog the market following testimony in the US Congress from new Federal Reserve chief Jerome Powell.

The benchmark Nikkei 225 index slipped 0.42 percent, or 94.05 points, to 22,295.81 in early trade while the broader Topix index was down 0.30 percent, or 5.31 points, at 1,785.03.

Copyright APP (Associated Press of Pakistan), 2018

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