U.S. Federal Reserve

: On Friday, the key market gauge slumped 225.40 points, according to The Japan Times. The Topix index of all first-section issues grew 11.44 points, or 0.84 percent, to close at 1,380.41, after falling 19.84 points the previous trading day. The 225-issue Nikkei average climbed 184.71 points, or 1.10 percent, to end at 17,004.30. Tokyo kicked off the week with hefty losses after the U.S. Dow Jones industrial average fell sharply Friday on rekindled concerns of an additional interest rate hike by the U.S. Federal Reserve. After initial selling ran its course, the Nikkei average cut its losses and entered positive territory on buybacks of beaten-down shares helped by the yen easing against the dollar, they said. Investor sentiment was also hurt by heightened geopolitical risks after North Korea launched a satellite widely viewed as a ballistic missile test Sunday morning, brokers said. (news.financializer.com). As reported in the news.