Shine trader limited reports:
The Japanese stock market closed lower on Tuesday as investors held a wait-and-see attitude and waited for the Fed to hold a key meeting, which may announce more cuts in stimulus measures and interest rate hike plans.
The Nikkei Stock Average closed down 0.43% to 29520.90 points. The Topix Index fell 0.64% to 2,031.67 points. After the ruling coalition led by Japanese Prime Minister Fumio Kishida won an overwhelming victory in the general election, the Nikkei Index yesterday recorded its biggest one-day gain since June.
Yuya Fuue, a trader at Rheos Capital Works, said: “The market is paying attention to the Fed’s measures to reduce the size of bond purchases.” It may be impacted.”
The Fed will announce its policy decision at the end of its two-day meeting on Wednesday, when the Japanese market will be closed for public holidays.
(118.91, 3.15, 2.72%)
(471.35, 14.26, 3.12%)(86.964, 2.45, 2.90%)
Other rising stocks include electronic component manufacturers TDK Corp and Kyocera, whose stock prices rose 8.7% and 5.3%, respectively, due to a boost in performance.
Dexerials, a manufacturer of optical and electronic materials, rose 21.4%, hitting its ceiling. Prior to this, the company announced strong earnings and announced plans to increase its dividend and stock repurchase.
Despite this, the ratio of stock rise to fall was 1:3. Except for 4 of the 33 industry sub-indexes of the Topix, all fell due to the pressure of profit-taking by many stocks before the market holiday.
Reprint indicated source：Spark Global Limited information