Japanese Stocks Closes Mixed at End of Trading

Japanese stocks were mixed at the close of trading today, with the yen value turning higher amid expectations that the US monetary tightening cycle is nearing an end, and that the Bank of Japan will continue to raise interest rates. The Tokyo Stock Exchange reported that the Nikkei 225 index closed today marginally lower by 0.04 percent, or 14.56 points, to reach 38,686.31 points, while the broader Topix index rose by 0.64 percent, or 17.28 points, to close at 2,733.27 points. Shares of companies operating in the export sector witnessed a recovery during trading after the dollar touched the 147.1 yen level, but the US currency turned to a decline of 0.57 percent to 146.06 yen by the end of the session. Source: Oman News Agency