Nikkei posts 2nd straight weekly gain; Fed's decision awaited
TOKYO, Sept 13 (Reuters) - Japan's Nikkei share average inched up 0.1 percent in choppy trade on Friday as many investors awaited next week's U.S. Federal Reserve meeting. The market posted a second-consecutive weekly gain, helped by euphoria after Tokyo was selected to host the 2020 Summer Olympics. For the week, the Nikkei climbed 3.9 percent. The Nikkei erased a loss Friday to end at 14,404.67. It is still down about 1 percent from a seven-week high of 14,561.46 hit earlier this week. The Topix gained 0.1 percent to 1,185.28. Traders said the market is focused on whether the Fed will scale back its $85 billion monthly stimulus at its Sept. 17-18 meeting and by how much.
- Obama and Castro shake hands, Zuma humiliated at Mandela memorial |
- Google bus blocked in San Francisco gentrification protest
- Reporter can keep sources secret in Colorado theater shooting: court
- Couple, four children missing in Nevada found safe in canyon
- Regulators seek to curb Wall St. trades with Volcker rule |