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Stocks open flat in Tokyo ahead of US Fed's monetary policy meeting

Business Materials 24 June 2008 07:30 (UTC +04:00)

( dpa ) - Tokyo stocks opened almost flat in mixed trading Tuesday as investors waited for the outcome of the US Federal Reserve's two-day policy meeting, scheduled to end Wednesday.

The key Nikkei 225 Stock Average edged down 6.43 points, or 0.05 per cent, to 13,851.04.

The broader Topix index of all first-section issues was up 1.79 points, or 0.13 per cent, at 1,349.72.

On currency markets at 9 am (0000 GMT), the dollar was quoted at 107.85-90 yen, up from Monday's 5 pm quote of 107.58-59 yen.

The euro was quoted at 1.5518-23 dollars, down from Monday's 5 pm quote of 1.5533-35 dollars, and at 167.39-44 yen, up from 167.11-15 yen.

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