Nikkei records further losses

<p>The Nikkei fell by 0.4 per cent today.</p>

The Nikkei has dropped by 0.4 per cent during today's trading (August 22nd) to continue a poor period for the index.

Although it bounded back by 0.2 per cent after a choppy session yesterday, these gains were erased today over fears monetary stimulus in the US could be wound down.

The minutes of the latest US Federal Reserve meeting failed to ease concerns of investors that it could start to end its stimulus package in the coming months, reports Reuters.

As a result, the Nikkei slipped by 0.4 per cent to 13,365.17, although it had dipped to as low as 13,238.73 earlier in the day, which was the lowest it has been in almost two months.

The broader Topix also had a poor day of trading and the index shed 0.2 per cent of its value to end the day at 1,119.56.

Today's fall for the Nikkei comes after it dropped by 2.6 per cent on Tuesday.

Learn about the Asian markets and CFD trading at City Index

Build your confidence risk free
Join our live webinars for the latest analysis and trading ideas. Register now

StoneX Financial Ltd (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.

No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

For further details see our full non-independent research disclaimer and quarterly summary.