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Tokyo stocks end mixed on caution ahead of Fed, BOJ policy meetings

TOKYO, July 25 (Xinhua) — Tokyo stocks closed mixed Tuesday, as investors exercised caution ahead of policy meetings of the U.S. Federal Reserve and the Bank of Japan this week.

The 225-issue Nikkei Stock Average fell 18.43 points, or 0.06 percent, from Monday to finish at 32,682.51.

The broader Topix index, meanwhile, ended up 4.20 points, or 0.18 percent, at 2,285.38.

“We should not take this level of decline seriously but market players were not actively making bets ahead of the central bank’s decision in Japan, the U.S. and Europe,” said Takehiko Masuzawa, trading head at Phillip Securities Japan.

Decliners were led by information and communication and pharmaceutical shares, while gainers were led by mining and nonferrous metal shares.

Among stocks, chip-making equipment maker Tokyo Electron was down 100 yen, or 0.5 percent, at 19,665 yen.

Energy-related issues climbed after the Middle East crude oil futures briefly climbed to the highest level since November 2022 on the Tokyo Commodity Exchange.

Oil refiner Eneos Holdings rose 10.1 yen, or 2.0 percent, to 512.5 yen.

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