TOKYO, Aug. 14 (Xinhua) — Tokyo shares closed decrease on Monday, monitoring the decline of tech shares within the U.S. market whereas the yield curve management intensified promoting stress.
Japan’s benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, misplaced 413.74 factors, or 1.27 %, to finish at 32,059.91.
The broader Topix index, in the meantime, completed 22.62 factors, or 0.98 %, decrease at 2,280.89.
In the early morning, the Nikkei Average held comparatively regular towards the yen’s worth versus the U.S. dollar briefly reaching the mid-145 vary, marking its lowest level for the 12 months.
However, following the decline in U.S. tech shares on the finish of the earlier week, semiconductor-related and development shares skilled important promoting stress, contributing to the general market decline.
During Monday’s buying and selling hours in Tokyo, the home long-term rate of interest quickly rose to 0.620 %. The notion of a possible rise in rates of interest, triggered by the Bank of Japan’s adjustment to its yield curve management coverage, was once more met with warning, intensifying promoting stress on shares.
On the prime market, decliners had been led by mining, equipment, and actual property shares.