The Business Times

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

    • 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
    Published Mon, Aug 29, 2022 · 08:18 AM

    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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