The Japanese Nikkei index fell on Monday, tracking declines on Wall Street in the previous session, and affected by caution before the meetings of the Japanese and American central banks.
“The Nikkei fell due to losses in the Dow Jones at the end of last week,” said Shoichi Arisawa, general manager of the investment research department at Iwaikosmo Securities. “Investors were hesitant to buy stocks as they await policy decisions at the central bank meetings in the United States and Japan.”
Economists in a Reuters poll expected that the US Federal Reserve would keep the key interest rate unchanged on November 1, and it would likely wait longer than previously thought before cutting interest rates.
Price movements
The Nikkei index closed down 0.95 percent at 30,696.96 points, while the broader Topix index closed down 1.04 percent at 2,231.24 points.
Hino Motors shares fell 18.67 percent to 435.2 yen, slightly above its daily minimum, after the automaker announced an annual net loss, violating expectations of recording profits.
The auto industry index fell 2.83 percent, recording the largest losses among 33 sector indices on the Tokyo Stock Exchange, with Toyota Motor shares falling 2.44 percent.
Omron stock also fell to its daily minimum, falling 15.83 percent after the healthcare equipment manufacturer lowered its annual profit forecast.
2023-10-30 07:33:15
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