TOKYO, Oct. 13 (Xinhua) — Tokyo shares fell Friday, monitoring Wall Street’s declines in a single day amid indicators of cussed U.S. inflation.
Japan’s benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, closed the day down 178.67 factors, or 0.55 %, at 32,315.99, snapping a three-day profitable streak.
The broader Topix index, in the meantime, completed 33.74 factors, or 1.44 %, decrease at 2,308.75.
Tokyo shares had been down a lot of the day following Wall Street declines on issues over greater borrowing prices as U.S. long-term bond yields jumped in a single day. The yield surge got here after the CPI, a key inflation indicator, rose a faster-than-expected 3.7 % from a 12 months earlier and 0.4 % on the month.
At the top of the week, the markets are caught within the tug of warfare over the outlook for U.S. rates of interest. On the one hand, there are sturdy indications from Fed officers and launched Fed minutes that counsel fee hikes are probably completed. On the opposite hand, financial knowledge just isn’t but aligned with this narrative, analysts mentioned.
On the top-tier Prime Market, decliners had been led by textile and attire, service and rubber product points.
Nissan Motor slipped 17.3 yen, or 2.7 %, to 622.2 yen, and Toyota Motor was down 52.5 yen, or 1.9 %, to 2,687.5 yen.