The Business Times

Tokyo: Stocks open lower on US rate hike worries

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Published Wed, Aug 31, 2022 · 08:23 AM
    • The benchmark Nikkei 225 index was down 0.96 per cent, or 271.17 points, at 27,924.41 in early trade on Wednesday.
    • The benchmark Nikkei 225 index was down 0.96 per cent, or 271.17 points, at 27,924.41 in early trade on Wednesday. PHOTO: EPA-EFE

    TOKYO stocks opened lower on Wednesday in nervous trade, extending US losses as investors remained wary about the pace of rate hikes planned by the US Federal Reserve to fight inflation.

    The benchmark Nikkei 225 index was down 0.96 per cent, or 271.17 points, at 27,924.41 in early trade, while the broader Topix index slipped 0.84 per cent, or 16.52 points, to 1,951.86. AFP

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