{"id":16421,"date":"2021-08-27T15:02:03","date_gmt":"2021-08-27T10:02:03","guid":{"rendered":"https:\/\/pni.net.pk\/en\/?p=16421"},"modified":"2021-08-27T15:02:03","modified_gmt":"2021-08-27T10:02:03","slug":"tokyo-stocks-close-lower-ahead-of-powell-speech","status":"publish","type":"post","link":"https:\/\/pni.net.pk\/en\/latest-business-news\/tokyo-stocks-close-lower-ahead-of-powell-speech\/","title":{"rendered":"Tokyo stocks close lower ahead of Powell speech"},"content":{"rendered":"<p>Tokyo, Aug 27 (AFP\/APP):Tokyo stocks closed lower Friday with investors cautiously awaiting a speech by Fed Chair Jerome Powell for clues on plans to roll back the US central bank&#8217;s stimulus measures.<br \/>\n                  The benchmark Nikkei 225 index fell 0.36 percent, or 101.15 points, to 27,641.14. Over the week, however, it gained 2.3 percent.<br \/>\n                  The broader Topix index slipped 0.34 percent, or 6.58 points, to 1,928.77 but rose 2.6 percent from a week earlier.<br \/>\n                  &#8220;Investors were more cautious than expected ahead of Jackson Hole,&#8221; said Shinichi Yamamoto, a broker at Okasan Securities.<br \/>\n                  Powell is due to deliver a speech later Friday at an annual symposium of central bankers at Jackson Hole in the US state of Wyoming.<br \/>\n                  Although a major announcement is not anticipated, investors will analyse his address to gauge the future of the Fed&#8217;s massive emergency financial support programme.<br \/>\n                  Trading is expected to remain cautious for now, as &#8220;the next focus will be US jobs data released next week,&#8221; Yamamoto said.<br \/>\n                  The dollar stood at 109.97 yen in Asian afternoon trade, compared with 110.04 yen.<br \/>\n                  Takeda lost 0.46 percent to 3,648 yen, falling for a fourth straight session after the drugmaker and the government said Japan would halt the use of more than one million doses of Moderna&#8217;s Covid vaccine, following reports of contamination in several vials.<br \/>\n                  Takeda is in charge of sales and distribution of the Moderna shot in Japan.<br \/>\n                  Nintendo dropped 1.48 percent to 51,770 yen and Sony lost 0.57 percent to 11,230 yen.<br \/>\n                  Toyota fell 0.49 percent to 9,460 yen but Nissan rose 0.54 percent to 569.1 yen.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tokyo, Aug 27 (AFP\/APP):Tokyo stocks closed lower Friday with investors cautiously awaiting a speech by Fed Chair Jerome Powell for clues on plans to roll back the US central bank&#8217;s stimulus measures. The benchmark Nikkei 225 index fell 0.36 percent, or 101.15 points, to 27,641.14. [&#8230;]<\/p>\n<p>\n","protected":false},"author":2,"featured_media":16422,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[8428,10063,10062],"class_list":["post-16421","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-business-news","tag-close","tag-powell-speech","tag-tokyo-stocks"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Tokyo stocks close lower ahead of Powell speech - Pakistan News International<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pni.net.pk\/en\/latest-business-news\/tokyo-stocks-close-lower-ahead-of-powell-speech\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Tokyo stocks close lower ahead of Powell speech - Pakistan News International\" \/>\n<meta name=\"twitter:description\" content=\"Tokyo, Aug 27 (AFP\/APP):Tokyo stocks closed lower Friday with investors cautiously awaiting a speech by Fed Chair Jerome Powell for clues on plans to roll back the US central bank&#8217;s stimulus measures. The benchmark Nikkei 225 index fell 0.36 percent, or 101.15 points, to 27,641.14. 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The benchmark Nikkei 225 index fell 0.36 percent, or 101.15 points, to 27,641.14. 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