TOKYO, Jan 26 ― Tokyo stocks fell in morning trade today following a slump on Wall Street as investors await a key decision from the US Federal Reserve.
Investors are reluctant to partake in active buying ahead of the US central bank's policy-setting meeting, Okasan Online Securities said. While markets are increasingly jittery over anticipation of its tightening of monetary policy, shares could rebound if the Fed's decision turns out “less hawkish than expected,” Okasan said.Other factors such as geopolitical tensions over the Ukraine-Russia situation and a global chip shortage have contributed to the “elevated” volatility of global markets, Edward Moya, senior market analyst at OANDA said in a note.
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