TOKYO, Aug. 3 (Xinhua) — Tokyo shares ended decrease on Thursday for the second consecutive buying and selling day, as promoting dominated the market amid a risk-averse environment following the current downgrade of U.S. treasury bonds.
Japan’s benchmark Nikkei stock index, the 225-issue Nikkei Stock Average dropped 548.41 factors, or 1.68 p.c, from Wednesday at 32,159.28,
The broader Topix index additionally continued to fall, shedding 33.41 factors, or 1.45 p.c, to complete at 2,268.35.
Japanese shares unfold to profit-taking gross sales following the autumn within the U.S. stock market on the earlier buying and selling day, weighed by each the downgrade of U.S. treasury bonds by credit standing company Fitch and the rise in U.S. long-term rates of interest.
On Thursday afternoon, the Bank of Japan (BOJ) stated it would maintain a bond-buying operation after the yield on 10-year Japanese authorities bonds rose to 0.655 p.c, its highest stage since January 2014. The yield has been climbing because it determined final week to permit it to rise above a 0.5 p.c cap towards 1.0 p.c.
The BOJ’s announcement led to the promoting of the yen, with the dollar briefly advancing to the higher 143 yen stage within the afternoon.
On the Prime Market, decliners have been led by nonferrous metallic, rubber merchandise and transportation tools shares.
Issues that fell outpaced those who rose by 1,666 to 158, whereas 11 ended the day unchanged.