Japanese stocks opened lower, with the Topix declining for the first day in 10 as the yen held steady after the FOMC meeting.
The Topix Index fell 0.5% to 2,681.86 as of 9:35 a.m. Tokyo time. It's the first day of losses since April 21
Sony Group contributed the most to declines in the index, down 2.9%
Out of 1,689 stocks in the Topix, 327 rose and 1,314 fell, while 48 were unchanged
The Nikkei shed 0.2% to 36,701.35
The yen was trading at 143.74 against the dollar early in Tokyo, compared with 143.83 Wednesday morning, despite initially weakening after Federal Reserve Chairman Jerome Powell said he won't be rushed into more rate cuts.
Reports that the Trump administration plans to lift export restrictions on AI semiconductors are providing support to chip-related stocks.
Source : Bloomberg
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