“Japan’s Nikkei share average fell in choppy trade on Tuesday morning with investors skittish in the face of volatile oil prices and the Fed’s momentous interest rate hike decision expected this week,” Ayai Tomisawa reports for Reuters.
“Apple Inc’s component suppliers slid after Morgan Stanley forecast a drop in iPhone sales in the next fiscal year. TDK Corp tumbled 3.9 percent, Murata Manufacturing Co dropped 2.3 percent and Nitto Denko Corp fell 2.8 percent,” Tomisawa reports. “The Nikkei dropped 0.8 percent to 18,737.27 in midmorning trade after briefly flirting with positive territory.”
Tomisawa reports, “The broader Topix dropped 0.7 percent to 1,516.96 and the JPX-Nikkei Index 400 declined 0.8 percent to 13,641.04.”
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MacDailyNews Take: Witness the action caused by year-end actionable notes.
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