TOKYO: Japan’s Nikkei share average fell in a choppy trading on Friday morning as investors remained focused on the U.S. Federal Reserve’s monetary policy meeting next week.
The Nikkei average dropped 0.5 percent to 18,199.98 in midmorning trade after traversing positive and negative territory. The index has risen 2.4 percent for the week, on track snap a four-week losing streak.
This week saw extreme volatility in the market due to short-covering after investors accumulated massive short positions. Investors still remain on edge on worries about a slowdown in Chinese growth and its impact on the global economy, traders said.
