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Japanese stocks closed almost unchanged despite Fed cuts

US, WASHINGTON (NEWS OBSERVATORY) — Japanese stocks remained virtually unchanged on Wednesday, recovering losses due to the rise in futures for US indices after the publication of preliminary results of the primaries of the Democratic Party.

The sudden Fed rate cut on the eve could not improve market sentiment.

According to the results of the volatile session, the Nikkei index grew by 0.08% to 21.100.06 points, while the wider Topix fell 0.17% to 1.502.50 points, having previously reached a six-month low.

The market received little support from the S&P 500 futures growth of 1% amid the victory of former US vice president Joe Biden on primaries in “super Tuesday”.

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Article is written and prepared by our foreign editors from different countries around the world – material edited and published by News Observatory staff in our US newsroom.