Percentage Point: Market and Points

percentage point: On Wednesday, the key market gauge fell 40.61 points. ; The Topix index of all issues listed on the TSE first section closed up 9.04 points, or 0.56 percent, at 1,615.66, after dropping 7.96 points the previous day, according to The Japan Times. The Tokyo market spurted after the opening bell, with the Nikkei temporarily jumping some 300 points. The 225-issue Nikkei average advanced 83.74 points, or 0.38 percent, to end at 22,044.45. The climb was due to a sense of relief among investors as the Fed, in its two-day Federal Open Market Committee meeting through Wednesday, decided to lower interest rates by 0.25 percentage point, just as the market had expected, brokers said. A weakening of the yen against the dollar continued to support the market until midmorning trading. Market players were also relieved that Fed Chairman Jerome Powell confirmed, at a press conference held after the meeting, that the U.S. economy is solid and hinted that the Fed will consider additional rate cuts if the economy deteriorates, brokers said. (news.financializer.com). As reported in the news.