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Tokyo: Shares open lower on Monday after Federal Reserve pledge to hike rates

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Published Mon, Aug 29, 2022 · 08:18 AM
    • The benchmark Nikkei 225 index tumbled 1.69 per cent, or 484.75 points, to 28,156.63 on Monday morning.
    • The benchmark Nikkei 225 index tumbled 1.69 per cent, or 484.75 points, to 28,156.63 on Monday morning. PHOTO: REUTERS

    TOKYO stocks opened lower on Monday after US Federal Reserve Chair Jerome Powell declared his commitment to rate hikes to fight inflation.

    The benchmark Nikkei 225 index tumbled 1.69 per cent, or 484.75 points, to 28,156.63, while the broader Topix index slipped 1.62 per cent, or 31.59 points, to 1,948.00. AFP

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