TOKYO, Oct. 2 (Xinhua) — Tokyo shares closed decrease on Monday amid issues over rising U.S. long-term rates of interest.
Japan’s benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended down 97.74 factors, or 0.31 p.c, from Friday at 31,759.88.
The broader Topix index, in the meantime, completed 8.95 factors, or 0.39 p.c, decrease at 2,314.44.
Tracking features in U.S. long-term rates of interest, the yield on the benchmark 10-year Japanese authorities bond hit its highest degree in a couple of decade at 0.775 p.c.
Despite features within the morning session, the Nikkei index misplaced momentum within the afternoon, market watchers right here famous, citing fears over the impression of upper U.S. rates of interest emerged after the U.S. 10-year treasury yield rose throughout after-hours buying and selling.
On the top-tier Prime Market, decliners have been led by oil and coal product, air transportation and mining points.
Issues that fell outpaced people who rose by 1,266 to 515, whereas 50 ended the day unchanged.