Tokyo stocks end lower on yen's rise after Fed meeting
Xinhua,December 14, 2017 Adjust font size:
TOKYO, Dec. 14 (Xinhua) -- Tokyo stocks closed lower Thursday as market sentiment was hurt by the yen's rise against the U.S. dollar after the U.S. Federal Reserve raised interest rates and maintained its forecast for further hikes next year.
The 225-issue Nikkei Stock Average dropped 63.62 points, or 0.28 percent, from Wednesday to end the day at 22,694.45.
The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, shed 2.70 points, or 0.15 percent, to finish at 1,808.14.
Information and communication, bank and insurance-linked issues comprised those that declined the most by the close of play. Enditem