HomeLatestTokyo shares shut decrease on decade-high bond yield rise

Tokyo shares shut decrease on decade-high bond yield rise

TOKYO, Sept. 11 (Xinhua) — Tokyo shares ended decrease on Monday over a spike in long-term authorities bond yields to an almost 10-year excessive, whereas traders took a wait-and-see angle forward of this week’s launch of U.S. inflation knowledge.

Japan’s benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, fell for the third straight buying and selling day by dropping 139.08 factors, or 0.43 %, from Friday to shut the day at 32,467.76.

The broader Topix index completed 1.46 factors, or 0.06 %, increased at 2,360.48.

After Bank of Japan Governor Kazuo Ueda hinted at the potential of ending the central financial institution’s unfavorable rate of interest coverage in an interview revealed Saturday, the yield on Japan’s benchmark 10-year authorities bond hit 0.700 %, unseen since January 2014, which spurred the promoting of tech points within the Tokyo market.

On the Prime Market, decliners had been led by actual property, marine transportation and equipment points.

Issues that fell outpaced people who rose by 944 to 822, whereas 69 ended the day unchanged.

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