Off the wire
• China's foreign service trade deficit widens  • Australian products selling like hotcakes on Alibaba  • Newcastle goalie Krul joins Ajax on loan  • China Exclusive: Friends or foes, newspaper rivals unite against digital threat  • Manchester City complete signing of goalkeeper Bravo  • Singapore's manufacturing output down 3.6 pct in July  • China provincial legislator expelled from party, office  • Lotte vice chairman found dead ahead of questioning  • Major steel companies see profits surge, pressure remains  • More than half of Chinese living in New Zealand feel unsafe: survey  
You are here: 　 Home

Tokyo stocks end lower on deflation concerns, Fed speech in focus

Xinhua, August 26, 2016 Adjust font size:

Tokyo stocks closed lower Friday as a circumspect market mood ahead of a highly-anticipated speech by the U.S. Federal Reserve chair later in the day inhibited buying, with poor consumer price data for July stoking concerns that the central bank and the government are failing in their efforts to fight chronic deflation here.

The 225-issue Nikkei Stock Average dropped 195.24 points, or 1.18 percent, from Thursday to close the day at 16,360.71.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, lost 16.37 points, or 1.26 percent, to end at 1,287.90.

With the exception of iron and steel, and chemical issues, all industry categories ended in negative territory, with insurance, transportation equipment and air transportation issues leading notable decliners.

The day's turnover on the last trading day of the week was 2,039.1 billion yen (20.29 billion U.S. dollars). Endit