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Nikkei dips 0.5%, blue chips down on US economy
Wed, Jun 25, 2008
Reuters

TOKYO
Japan's Nikkei stock average dipped 0.5 per cent on Wednesday, led down by blue chip Canon after overnight losses on Wall Street on weak economic data.

The trade is expected to be thin as investors hold off bets ahead of the US Federal Reserve's interest rate decision.

The Fed is widely expected to hold interest rates steady at 2 per cent later in the day. Investors will scrutinise the accompanying statement for clues on the central bank's thinking on mounting inflationary pressure.

As of 8.04am Singapore time, the benchmark Nikkei fell 61.78 points to 13,787.78. The broader Topix lost 0.4 per cent to 1,343.45. -- REUTERS

 

 
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