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TOKYO, July 22 (Reuters) – Japanese stocks plummeted on Monday, hoping to see a sharp drop in US Federal Reserve and investor rates take a cautious stance ahead of Japan's earnings season, which kicks off this week. .
The average Nikkei share fell by 0.28% to 21,407.31, while that of the Topix, in general, fell by 0.35% to 1,558.49, as the growth stocks underperformed with down 0.5%.
On Friday, US stocks fell as a result of a report that the Federal Reserve plans to cut interest rates by just a quarter of a percentage point at the end of the month.
Asahi Group Holdings lost 6.3% after the beverage company announced that it would buy Anheuser-Busch InBev's Australian operations and issue up to 200 billion yen (1.9 billion US dollars). dollars) of actions to fund it.
Overall, trade was light as many investors turned to future earnings to find market indices, which have moved in a narrow range in recent months due to uncertainties surrounding the Sino trade war. -américaine.
The quarterly results of Japanese companies are in full swing later in the week. Canon and Nidec announced their results after market close on Wednesday. (Edited by Richard Borsuk)
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