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Tokyo stocks flat by break, Nikkei 225 sinks 13.01pts

byShamim Akhter
18/03/2015
in Uncategorized
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TOKYO: Tokyo stocks were flat at the end of morning trade Wednesday, ahead of a policy announcement by the US central bank, even as Nintendo rocketed more than 21 percent.

The Nikkei 225 index at the Tokyo STOCK EXCHANGE, which closed at a fresh 15-year high on Tuesday, edged down 13.01 points to 19,423.99 by the break. The Topix index of all first-section issues gained 0.19 percent, or 3.05 points, to 1,573.55.

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Investors were awaiting the US Federal Reserve’s policy announcement Wednesday, which is expected to give clues on the timing of an increase in near-zero interest rates, perhaps as early as June.

Higher US interest rates could boost the dollar against the yen, in a positive move for Japanese exporters.

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