Nikkei shares end lower on caution ahead of Fed chair’s testimony

2021-07-14 14:15:01

TOKYO: Japanese shares closed lower after two straight sessions of gains on Wednesday, with investors holding their bets ahead of U.S. Federal Reserve Chair Jerome Powell’s congressional testimony.

The Nikkei share average lost 0.38% to end at 28,608.49, while the broader Topix slipped 0.23% to 1,963.16. For the week so far, the Nikkei is up 2.4% so far, while the Topix is almost 2.7% higher.

“Investors are locking in their profits after sharp gains in the market. But

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