Tokyo (Archyde.com)
Japanese shares closed slightly higher yesterday, following giving up some of their early gains, as investors awaited a speech by Federal Reserve Chairman Jerome Powell to look for any clues regarding the pace of US monetary policy tightening.
The Japanese index closed at an increase of 0.57 percent at 28,641.38 points, following rising earlier in the session to 28,792.93 points.
The broader Topix index also gave up some of its early gains to close 0.15 percent higher at 1979.59 points. And the market received support from the rise led by technology stocks in Wall Street last night, with the decline in the US Treasury bond yields, as many Federal Reserve officials were conservative regarding the rate of interest rate hike that they will agree to at their meeting next month.
