Friday 24 March 2023 - 2:29:22 pm
2023 Mar 24 Fri, 12:18:00 pm

Japanese shares fall on banking turmoil

TOKYO, 24th March, 2023 (WAM) -- Shares fell Friday in Asia following the US Federal Reserve Board’s announcement on 22nd March 2023 to increase the Interest on Reserve Balances (IORB) by 25 basis points.Tokyo shares ended lower Friday as global investors weighed fresh interest rate hikes by central banks and signs of a possible pause in US monetary tightening. The benchmark Nikkei 225 index fell 0.13 percent, or 34.36 points, to 27,385.25.The broader Topix index slid 0.10 percent, or 2.00 points, to 1,955.32.