Wednesday, 29 July 2015

Nikkei edges lower as Fanuc, Tokyo Electron weigh; Fed in focus

Japan's Nikkei share average fell on Wednesday hit by sharp falls in Fanuc Corp (6954.T) and Tokyo Electron (8035.T) after they cut their full-year forecasts, while the market awaited a policy decision from the U.S. Federal Reserve.
The Nikkei share average .N225 dropped 0.1 percent to 20,302.91. The broader Topix .TOPX rose 0.3 percent to 1,633.94 and the JPX-Nikkei Index 400 .JPXNK400 advanced 0.3 percent to 14,742.01.

The Fed ends a two-day policy meeting later in the day with markets divided on whether it will take a hawkish or dovish stance.

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