Tokyo shares open lower on possible rate hikes by Fed later this year
Xinhua, July 28, 2016 Adjust font size:
Tokyo shares opened lower on Thursday as the U.S. Federal Reserve maintained interest rates unchanged, leaving open the possibility of rate hike later this year, while market sentiment was weighed by yen's appreciation.
As of 9:15 a.m., the 225-issue Nikkei Stock Average lost 89.14 points, or 0.53 percent, from Wednesday to 16,575.68.
The broader Topix index of all First Section issues on the Tokyo Stock Exchange dropped 9.20 points, or 0.70 percent, to 1,312.47.
Decliners were led by air transportation, banking and insurance issues. Endit