Japanese
stocks fell, with the Topix index set to cap its biggest monthly loss
in more than three years, as comments from Federal Reserve officials
renewed speculation the U.S. may raise interest rates as soon as
September.
The
Topix slipped 0.7 percent to 1,538.78 as of 9:03 a.m. in Tokyo, heading
for an 7.3 percent drop in August, the biggest such plunge since May
2012. The Nikkei 225 Stock Average fell 0.8 percent to 18,976.20, on
course for a 7.8 percent monthly loss. The yen strengthened 0.3 percent
to 121.31 per dollar, halting four days of declines. U.S. stock futures
tumbled after Fed officials meeting in Jackson Hole, Wyoming, said
inflation was likely to improve, dousing investor expectations that
interest-rate hikes would be delayed until December.
Source: Bloomberg
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