From The Economic Times · Reuters · · 1m
Japan's Nikkei Falls as Higher Yields and Inflation Fears Weigh
Japan's Nikkei drops 0.86% amid rising bond yields and inflation concerns.
In brief
Japan's Nikkei drops 0.86% amid rising bond yields and inflation concerns. Japan's Nikkei share average fell 0.86% to 64,360.16 as investors weighed higher bond yields and persistent inflation fears. Originally reported by The Economic Times.
Japan's Nikkei Falls
Japan's Nikkei share average fell 0.86% to 64,360.16 by 0204 GMT.
Technology Stocks Dragged Down
Technology stocks dragged the Nikkei lower as investors weighed rising bond yields and persistent inflation concerns.
Bond Yields Rise
Bond yields are on the rise as markets expect central bank tightening to fend off inflation.
“Bond yields are on the rise as markets expect central bank tightening to fend off inflation”
Investor Sentiment Weakened
This anxiety weighs on investor sentiment as US technology stocks rose overnight.
SoftBank Group Falls 6%
SoftBank Group fell 6% making it the biggest drag on the Nikkei and the index's worst performer by percentage.
Topix Slips 0.95%
The broader Topix slipped 0.95% to 4,028.97 as 76% of stocks fell.
The one thing
Japan's Nikkei share average fell 0.86% to 64,360.16 as investors weighed higher bond yields and persistent inflation fears.
