Tokyo shares retreat on weak US stocks over speculation on Fed rate hike
Tokyo Stocks.
Tokyo - XINHUA
Tokyo shares fell Monday morning on weak U.S. stocks before the weekend on growing market expectation of an interests rate hike by the Federal Reserve in the near term.
The 225-issue Nikkei Stock Average shed 257.03 points, or 1.51 percent, from Friday to 16,708.73.
The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 20.52 points, or 1.53 percent, to 1,323.34.
Decliners were led by iron and steel, mining and financial stock issues.
Source : XINHUA
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