Tokyo's key Nikkei index closes lower
Tokyo's main stock index closed lower on Tuesday, in line with broad losses in Asia, as investors look ahead to the release of key US inflation data. Global investors are keenly awaiting the release Friday of the US personal consumption expenditures index, the Federal Reserve's preferred gauge of inflation, hoping for an idea about the central bank's plans for interest rates.
's main stock index closed lower on Tuesday, in line with broad losses in Asia, as look ahead to the release of key .The benchmark 225 fell 0.11 percent, or 44.65 points, to 38,855.37, while the broader index added 0.08 percent, or 2.14 points, to 2,768.50.
Investors sat on their hands owing to a lack of trading incentives with closed Monday, analysts said.
"Investors are refraining from active trading as they are awaiting the US market to reopen after" a holiday, said.
"As long-term domestic bond yields are rising, some shares were sold," it added.
The dollar stood at 156.68 yen, down slightly from 156.82 yen on Monday.
Global investors are keenly awaiting the release Friday of the US , the 's preferred gauge of inflation, hoping for an idea about the central bank's plans for interest rates.
Traders are also monitoring a two-day symposium hosted by the that features a panel discussion including senior monetary policymakers from Japan and the United States.
Among major shares, climbed 1.31 percent to 8,722 yen, Uniqlo operator and market heavyweight edged up 0.15 percent to 40,890 yen, and energy developer added 1.09 percent to 2,414.5 yen.
But chip-testing equipment maker dropped 0.92 percent to 5,617 yen while drug maker Daiichi Sankyo lost 2.35 percent to 5,495 yen.
Source: Stocks-Markets-Economic Times
