BUSINESS Tokyo stocks open lower amid fading expectation for Fed easing

BUSINESS

Tokyo stocks open lower amid fading expectation for Fed easing

Xinhua

10:15, June 26, 2019

TOKYO, June 26 (Xinhua) -- Tokyo stocks opened lower Wednesday, tracking overnight declines in U.S. shares, after remarks by top Federal Reserve officials cooled optimism about possible interest rate cuts as early as next month.

As of 9:15 a.m. local time, the 225-issue Nikkei Stock Average fell 133.46 points, or 0.63 percent, from Tuesday to 21,060.35.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange,meanwhile, was down 9.30 points, or 0.60 percent, at 1,534.19.

Rubber product, food, and electric power and gas issues comprised those that declined the most in the opening minutes after the morning bell.  

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