Thursday, 14 June 2018 09:54 WIB |
MARKET UPDATE |Nikkei 225Saham JepangIndeks acuan Nikkei 225Topix JepangJapan Topix
Japan's Nikkei share average dropped on Thursday morning after the U.S. Federal Reserve forecast a slightly faster pace of rate hikes this year, while concern about a U.S.-China trade war also soured sentiment.
The Nikkei fell 0.3 percent to 22,886.15 at morning close while the broader Topix lost 0.4 percent to 1,793.11.
As expected, the Fed raised its benchmark overnight lending rate a quarter of a percentage point to a range of 1.75 percent to 2 percent, on the back of strong U.S. economic growth.
It also dropped its longstanding pledge to stimulate the economy œfor some time and signaled it would tolerate inflation above its 2 percent target at least through 2020.
Meanwhile, worries about global trade dented investors™ risk sentiment after news that U.S. President Donald Trump will meet top trade advisers on Thursday to decide whether to activate threatened tariffs on billions of dollars in Chinese goods.