Nikkei: Point Monday and Market Gauge

nikkei: On Monday, the Nikkei shed 104.68 points, according to The Japan Times. On the other hand, the Topix, which covers all first-section issues, finished 1.96 points, or 0.12 percent, higher at 1,593.51 after falling 0.11 point Monday. The key market gauge lost 9.83 points, or 0.05 percent, to end at 19,898.75. Stocks moved in a narrow range as investors retreated to the sidelines to see the outcome of the two-day Federal Open Market Committee meeting through Wednesday. But the market's downside was limited thanks to some bargain-hunting on the back of brisk corporate earnings in Japan, with the Nikkei briefly popping up into positive territory, according to brokers. Some heavyweight Nikkei components met with selling, reflecting sluggish U.S. equities and the yen's rise against the dollar, brokers said. (news.financializer.com). As reported in the news.

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