Topix Index Little Changed as Builders Gain, Glassmakers Fall

Japan’s Topix index closed little changed, with construction shares leading gains and glass makers falling, as investor weighed what an unexpected contraction in American manufacturing means for the Federal Reserve’s interest-rate outlook.

The Topix index added less than 0.1 percent to 1,602.26 at the close of trading in Tokyo, after swinging between gains and losses. The Nikkei 225 Stock Average slipped 0.4 percent to 19,938.13, after closing on Tuesday at its highest level since Aug. 20. The yen traded at 123.07 per dollar after gaining 0.2 percent on Tuesday as an Institute for Supply Management report showed U.S. manufacturing shrank in November at the fastest pace since the last recession.

Source: Bloomberg

MARKET