The Tokyo stock market on the morning of the 16th was subdued, with investors staying on the sidelines ahead of the US FOMC decision, and the Nikkei Stock Average moving narrowly around the previous close. The morning close was down ¥88.10 from the previous day, while the TOPIX was up 20.28 points. Buying emerged in the average stock price on perceptions that it was undervalued.
In the Tokyo stock market on the morning of the 16th, the Nikkei Stock Average moved back and forth around the previous close as investors awaited the US monetary policy decision, with a strong wait-and-see mood prevailing.
The morning close was ¥63,396.00, down ¥88.10 from the previous close, while the TOPIX rose 20.28 points to 4,057.44. Buying emerged in the average stock price on perceptions that it was undervalued following 3 consecutive sessions of decline. The weakening yen and stronger dollar also supported the market.
Meanwhile, some technology-related stocks came under selling pressure, at times weighing on the broader market.