wednesday: On Wednesday, the key market gauge lost 108.10 points. ; The Topix index of all first-section issues finished up 16.73 points, or 1.08 percent, at 1,567.49, after slumping 6.33 points the previous day, according to The Japan Times. A wide range of issues attracted purchases from the outset of Thursday's trading, after the Dow Jones Industrial Average closed above 25,000 for the first time since Dec. 4 on Wednesday. The 225-issue Nikkei average rose 216.95 points, or 1.06 percent, to end at 20,773.49, after briefly gaining over 300 points in morning trading. After the two-day Federal Open Market Committee meeting through Wednesday, the Fed signaled a possible end to its recent interest rate hikes and suggested a flexible approach to its balance sheet reduction, reassuring a U.S. market concerned over a global economic slowdown, brokers said. The FOMC outcome couldn't have been better for U.S. equities, said Tomoaki Fujii, head of the investment research division at Akatsuki Securities Inc. Both Tokyo market indexes lost steam after the initial buying ran its course, hurt by profit-taking and selling on rallies, brokers said.
(news.financializer.com). As
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