TOKYO, Jan 28 (Reuters) - Japanese shares suffered their biggest drop in six months on Thursday, tracking Wall Street, weighed by technology companies which have benefited from a recent rally in stocks.
Topix's electric appliances index has jumped 6.34% this year, while the Topix has gained 1.89%.
"Today's market is tracking the U.S. stock markets. The rise in the stock volatility index is also prompting investors to sell down," said Yoshihiro Takeshige, general manager at investment management department of Asahi Life Asset Management.
Federal Reserve left interest rates unchanged and kept its bond-buying program intact, as widely expected, noting that the economic recovery has slowed in recent months. along with a slump in shares of planemaker Boeing (NYSE: BA ) Co BA.N led U.S. stocks to post their biggest one-day percentage drop in three months on Wednesday. .N
Rising coronavirus cases and uneven distribution of vaccine rollouts increased investor anxiety, sending the CBOE Market Volatility index .VIX to its highest since Oct. 30 overnight.
Fanuc 6954.T fell 1.01% even after the factory automation machinery maker raised its operating profit forecast for a second time to 105.8 billion yen ($1.01 billion), a 19.8% increase from a year earlier.
Automakers Mitsubishi Motors 7211.T rose 6.75% and Isuzu Motors 7202.T gained 4.73%, while department store operators Takashimaya 8233.T and Isetan Mitsukoshi Holdings 3099.T gained 4.85% and 5.67%, respectively.
($1 = 104.3300 yen)
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