AVN 65.15 Increased By ▲ 0.15 (0.23%)
BAFL 31.15 No Change ▼ 0.00 (0%)
BOP 4.76 Increased By ▲ 0.05 (1.06%)
CNERGY 3.91 Increased By ▲ 0.03 (0.77%)
DFML 13.53 Decreased By ▼ -0.17 (-1.24%)
DGKC 41.47 Increased By ▲ 0.20 (0.48%)
EPCL 46.30 Decreased By ▼ -0.39 (-0.84%)
FCCL 11.35 Decreased By ▼ -0.07 (-0.61%)
FFL 5.06 Increased By ▲ 0.02 (0.4%)
FLYNG 5.85 Increased By ▲ 0.03 (0.52%)
GGL 10.00 Increased By ▲ 0.05 (0.5%)
HUBC 64.98 Increased By ▲ 0.88 (1.37%)
HUMNL 5.70 Increased By ▲ 0.05 (0.88%)
KAPCO 27.98 Increased By ▲ 0.18 (0.65%)
KEL 2.16 Increased By ▲ 0.03 (1.41%)
LOTCHEM 24.60 Increased By ▲ 0.30 (1.23%)
MLCF 21.45 Increased By ▲ 0.05 (0.23%)
NETSOL 84.50 Increased By ▲ 0.30 (0.36%)
OGDC 87.88 Decreased By ▼ -0.06 (-0.07%)
PAEL 11.12 Increased By ▲ 0.22 (2.02%)
PIBTL 4.23 Increased By ▲ 0.05 (1.2%)
PPL 77.40 Decreased By ▼ -0.30 (-0.39%)
PRL 13.70 Increased By ▲ 0.08 (0.59%)
SILK 0.89 No Change ▼ 0.00 (0%)
SNGP 41.80 Decreased By ▼ -0.13 (-0.31%)
TELE 5.88 Increased By ▲ 0.01 (0.17%)
TPLP 15.82 Increased By ▲ 0.04 (0.25%)
TRG 111.64 Decreased By ▼ -0.66 (-0.59%)
UNITY 13.95 No Change ▼ 0.00 (0%)
WTL 1.15 Increased By ▲ 0.02 (1.77%)
BR100 4,062 Increased By 14.8 (0.36%)
BR30 14,509 Increased By 41.9 (0.29%)
KSE100 40,745 Increased By 71.9 (0.18%)
KSE30 15,245 Increased By 54.9 (0.36%)
Follow us

TOKYO: Tokyo stocks ended lower Wednesday, tracking falls on Wall Street, where concerns grew that the Federal Reserve will continue to push up interest rates to combat still-elevated inflation.

The benchmark Nikkei 225 index closed down 0.72 percent, or 199.47 points, at 27,686.40, while the broader Topix index fell 0.10 percent, or 1.91 points, to 1,948.31.

The dollar fetched 137.31 yen, against 137.04 yen in New York late Tuesday.

Wednesday’s losses tracked a sharp drop for all three main indexes on Wall Street, with the Dow off one percent and tech-rich Nasdaq losing two percent.

Data showing a forecast-busting jump in US services sector activity last month raised the prospect that the Fed will lift borrowing costs above five percent by next year to contain prices.

Japanese shares end higher as chip stocks, exporters gain

“The falls in the US market were caused by a growing view that rate increases might be maintained at a high level,” Makoto Sengoku, senior equity market analyst at Tokai Tokyo Securities, told AFP.

“This phenomenon is spilling over onto Japan’s stock markets”, he added.

SoftBank Group added 0.84 percent to 5,967 yen and Toyota gained 0.30 percent to 1,949.5 yen.

Sony Group was down 1.27 percent at 10,875 yen and Uniqlo operator Fast Retailing slid 1.89 percent to 83,980 yen.

Comments

Comments are closed.

Tokyo stocks end lower

Intra-day update: rupee maintains positive momentum against US dollar

Fitch says PKR to further weaken

IMF revises GDP growth projections downward

Govt plans to convert Rs800bn PHL debt into public debt

Paracetamol: govt to allow increase in price

Former CM Parvez Elahi claims his residence raided by police

Jul-Dec: govt has borrowed $5.595bn

Country braces for fuel shortages?

Nepra FCA decision: Power Div proposes revision

KE, Discos: Nepra approves negative tariff adjustments