Japanese stocks fluctuated as investors awaited
this week’s decision on U.S. interest rates after data showed China’s
fixed asset investment grew at its slowest pace in 15 years. Utilities
advanced while phone companies tumbled.
Mobile carriers NTT Docomo Inc., KDDI Corp. and
SoftBank Group Corp. sank at least 4.6 percent after Prime Minister
Shinzo Abe said reducing the burden on households from mobile phone fees
is an important issue to tackle. Kansai Electric Power Co. and Hokuriku
Electric Power Co. both jumped 3 percent. Energy explorer Inpex Corp.
declined 4.8 percent as crude oil traded below $45 a barrel. Shipper
Kawasaki Kisen Kaisha Ltd. jumped 4 percent after Mitsubishi UFJ Morgan
Stanley Securities Co. raised its investment rating.
The Topix index slipped 0.3 percent to 1,476.24 as
of 9:35 a.m. in Tokyo, swinging from a gain of 0.5 percent after last
week capping its biggest weekly increase in almost two months. The
Nikkei 225 Stock Average dropped 0.2 percent to 18,223.62.
Source : Bloomberg
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