Business Standard

Tech stocks drag Japan's Nikkei to 13-month low ahead of Fed decision

US stocks whipsawed between steep losses and modest gains before ending well off session lows, with rate-sensitive tech stocks weighing most heavily

Tokyo: A man looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, Oct. 11, 2019. Asian stock markets followed Wall Street higher Friday on optimism about U.S.-Chinese talks on ending a tariff war.
Premium

Reuters
Japan's Nikkei index fell to a fresh 13-month low on Wednesday, dragged down by technology heavyweights after their U.S. peers closed lower overnight on concerns over an increasingly hawkish Federal Reserve and tension over Ukraine.

The Nikkei share average was down 0.4% to 27,027.51 by 0211 GMT, after falling as much as 1% to its lowest since December 2020. The broader Topix edged down 0.1% to 1,894.60.
 
U.S. stocks whipsawed between steep losses and modest gains before ending well off session lows, with rate-sensitive tech stocks weighing most heavily.

The Fed is due to update its policy plan, likely fleshing

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 26 2022 | 9:14 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com