Tokyo: Nikkei ends little changed ahead of Fed's policy decision
[TOKYO] Japan's Nikkei share average ended little changed on Wednesday, with investors wary of taking fresh positions ahead of a closely watched monetary policy decision by the Federal Reserve.
The Nikkei ended the day up 0.02 per cent at 19.253.61, with the rise just enough for the index to mark its seventh straight day of gains. It brushed a one-year high of 19,284.28 early in the day following Wall Street's record high close overnight.
The broader Topix fell 0.1 per cent to 1,538.69 and the JPX-Nikkei Index 400 lost 0.1 per cent to 13,772.99.
A quarter-point rate rise by the Fed later in the day is fully priced in, as are two more hikes next year. Any hint that the Fed may move more aggressively than that would likely send the dollar higher and jolt other markets.
REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Europe: Stoxx ends lower as auto giants weigh; investors parse inflation data
US: Wall Street stocks fall as markets weigh strong wage data, Fed meeting
Japan may have spent 5.5 trillion yen on Apr 29 intervention, BOJ data suggests
Singapore stocks rise, tracking regional bourses; STI up 0.3%
Asia: Markets build on Wall Street rally, yen holds bounce
Singapore shares open in the red on Tuesday; STI down 0.3%