Tokyo Stocks Close Tuesday with Mixed Results
(MENAFN) Tokyo's stock market closed mixed on Tuesday, with gains in banking shares countered by investor concerns over a potential U.S. government shutdown.
The Nikkei 225 index, Japan's key benchmark, fell by 111.12 points, or 0.25 percent, ending at 44,932.63. In contrast, the broader Topix index rose by 6.03 points, or 0.19 percent, closing at 3,137.60.
Market analysts noted that investors were wary of the risks posed by a possible U.S. government shutdown, which could add downward pressure on U.S. stocks and, by extension, the Tokyo market.
At the same time, shares in the banking sector saw an uptick. This was driven by speculation that the Bank of Japan may raise interest rates next month, prompting investors to seek out opportunities for bargains.
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