Tokyo stocks end mixed on tech strength, caution before Fed meeting

Tokyo stocks ended mixed Tuesday, as earlier gains in technology-related shares were trimmed by a cautious mood ahead of the U.S. Federal Reserve policy meeting and a batch of corporate earnings this week.

The 225-issue Nikkei Stock Average ended up 38.92 points, or 0.11 percent, from Monday at 36,065.86. The broader Topix index finished 2.55 points, or 0.10 percent, lower at 2,526.93.

On the top-tier Prime Market, gainers were led by marine transportation, miscellaneous product and insurance shares. The main decliners were oil and coal product, textiles and apparel, and securities house shares.

The U.S. dollar edged down to the lower 147 yen range in Tokyo after U.S. long-term interest rates fell overnight, raising prospects of a narrowing in the interest rate differential between Japan and the United States.

On the stock market, advances in tech-related shares following gains in their U.S. counterparts overnight were limited as investors refrained from buying actively ahead of a Fed meeting starting later in the day, analysts said.

The market also adopted a wait-and-see stance before the release of earnings from major Japanese and U.S. tech companies.

"Stocks could move significantly after earnings announcements, so there is a feeling of wanting to see how things unfold," said Tomoichiro Kubota, senior market analyst at Matsui Securities Co.

© Kyodo News