Tokyo stocks end lower ahead of Fed's meeting outcome

Xinhua
20 Sep 2023, 17:49 GMT+10

TOKYO, Sept. 20 (Xinhua) -- Tokyo stocks closed lower on Wednesday, as investors took a wait-and-see approach ahead of the outcome of the U.S. Federal Reserve's meeting later in the day.

Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, lost 218.81 points, or 0.66 percent, from Tuesday to close the day at 33,023.78.

The broader Topix index, meanwhile, finished 24.30 points, or 1 percent, lower at 2,406.00.

Throughout the day, stocks moved mostly in negative territory amid concerns over a potential hawkish outcome from the Fed's meeting, while investors were also waiting for the Bank of Japan's two-day policy meeting beginning Thursday.

On the Prime Market, decliners were led by oil and coal products, mining, and textiles and apparel issues.

Issues that declined outpaced those that rose by 1,581 to 225, while 30 ended the day unchanged.

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