Live Breaking News & Updates on Ealers Said Quot Robust Data Led Investors To Believe That The Fed Will Keep Its Hawkish Stance And May Implementa 0 75 Percentage Point Rate Hike Later This Month

A financial data screen in Tokyo shows the U.S. dollar hitting the 144 yen level on Sept. 7, 2022. (Kyodo) TOKYO - The yen weakened to the 144 zone against the United States dollar on Wednesday, hitting a new 24-year low, as investors continued to sell the Japanese currency in anticipation of higher interest rates in the US. Tokyo stocks fell in the morning as investors grew concerned over a slowdown in the world's largest economy and the global economy as a result of the US Federal Reserve's monetary tightening. The 225-issue Nikkei Stock Average fell 263.68 points, or 0.95 percent, from Tuesday to 27,362.83. The broader Topix index was down 14.79 points, or 0.77 percent, at 1,911.79. On the top-tier Prime Market, decliners were led by mining, marine transportation, and electric appliance issues. The Japanese currency remained weak after breaching the 143 line in New York overnight as stronger-than-expected US non-manufacturing data from the Institute for Supply Management inc ....

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