Market Gauge: Points and Mid-Cap Issues

market gauge: On Wednesday, the key market gauge lost 24.03 points. ; The Topix index of all first-section issues closed down 1.18 points, or 0.07 percent, at 1,614.82, after shedding 0.21 point the previous day, according to The Japan Times. Investor sentiment was battered by the yen's rise after the minutes of the U.S. Federal Reserve's July policy meeting, released on Wednesday, signaled that interest rate hikes would proceed at a slower pace. The 225-issue Nikkei average shed 26.65 points, or 0.14 percent, to end at 19,702.63. But individual players actively bought small- and mid-cap issues, supporting the market's downside, brokers said. Along with the Fed's dovish minutes, Ota indicated that growing uncertainties over the administration of U.S. President Donald Trump put a damper on sentiment. Some institutional investors refrained from purchasing stocks actively because the external environment deteriorated, said Chihiro Ota, general manager for investment research and investor services at SMBC Nikko Securities Inc. (news.financializer.com). As reported in the news.

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