AIRLINK 75.30 Increased By ▲ 0.05 (0.07%)
BOP 5.13 Increased By ▲ 0.02 (0.39%)
CNERGY 4.52 Decreased By ▼ -0.08 (-1.74%)
DFML 34.50 Increased By ▲ 1.97 (6.06%)
DGKC 90.70 Increased By ▲ 0.35 (0.39%)
FCCL 22.95 Decreased By ▼ -0.03 (-0.13%)
FFBL 33.16 Decreased By ▼ -0.41 (-1.22%)
FFL 9.96 Decreased By ▼ -0.08 (-0.8%)
GGL 11.23 Increased By ▲ 0.18 (1.63%)
HBL 114.99 Increased By ▲ 0.09 (0.08%)
HUBC 136.50 Decreased By ▼ -0.84 (-0.61%)
HUMNL 10.18 Increased By ▲ 0.65 (6.82%)
KEL 4.61 Decreased By ▼ -0.05 (-1.07%)
KOSM 4.73 Increased By ▲ 0.03 (0.64%)
MLCF 40.50 Decreased By ▼ -0.04 (-0.1%)
OGDC 140.25 Increased By ▲ 0.50 (0.36%)
PAEL 27.63 Decreased By ▼ -0.02 (-0.07%)
PIAA 25.10 Increased By ▲ 0.70 (2.87%)
PIBTL 6.85 Decreased By ▼ -0.07 (-1.01%)
PPL 123.90 Decreased By ▼ -1.40 (-1.12%)
PRL 27.49 Decreased By ▼ -0.06 (-0.22%)
PTC 14.14 Decreased By ▼ -0.01 (-0.07%)
SEARL 62.25 Increased By ▲ 0.40 (0.65%)
SNGP 72.50 Decreased By ▼ -0.48 (-0.66%)
SSGC 10.50 Decreased By ▼ -0.09 (-0.85%)
TELE 8.79 Increased By ▲ 0.01 (0.11%)
TPLP 11.53 Decreased By ▼ -0.20 (-1.71%)
TRG 66.54 Decreased By ▼ -0.06 (-0.09%)
UNITY 25.80 Increased By ▲ 0.65 (2.58%)
WTL 1.40 Decreased By ▼ -0.04 (-2.78%)
BR100 7,806 Increased By 3.3 (0.04%)
BR30 25,719 Decreased By -97.1 (-0.38%)
KSE100 74,535 Increased By 3.5 (0%)
KSE30 23,994 Increased By 39.5 (0.16%)

TOKYO: Tokyo stocks ended lower on Thursday following falls on Wall Street after the US Federal Reserve signalled more time was needed to cut interest rates.

The benchmark Nikkei 225 index was down 0.76 percent, or 275.25 points, to end at 36,011.46, while the broader Topix index slipped 0.67 percent, or 17.06 points, to 2,534.04.

The dollar fetched 146.92 yen, against 146.89 yen in New York late Wednesday.

The Fed voted to leave interest rates unchanged for the fourth-straight meeting while indicating it was moving towards future cuts — but probably not before May at the earliest.

Fed boss Jerome Powell said the US central bank was unlikely to lower interest rates in March.

In Tokyo, “the market was dragged down by receding expectations for early rate cuts as well as the yen’s further shift toward appreciation”, Daiwa Securities said.

Investors also “sold on profit-taking as they awaited the release of corporate earnings”, IwaiCosmo Securities said. SoftBank Group slipped 0.94 percent to 6,399 yen, Sony Group slid 2.07 percent to 14,390 yen and Toyota trimmed 1.83 percent to 2,945 yen. Uniqlo operator Fast Retailing lost 1.78 percent to 39,030 yen.

Comments

Comments are closed.