Tokyo stocks end lower amid concerns over higher interest rates-Xinhua

Tokyo stocks end lower amid concerns over higher interest rates

Source: Xinhua

Editor: huaxia

2024-05-24 19:02:01

TOKYO, May 24 (Xinhua) -- Tokyo stocks ended lower on Friday, as the continued rise in Japan's benchmark government bond yield fueled concerns about higher borrowing costs.

Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended down 457.11 points, or 1.17 percent, from Thursday at 38,646.11.

The broader Topix index, meanwhile, finished 12.21 points, or 0.44 percent, lower at 2,742.54.

Technology and real estate shares were sold on concerns about higher housing loans and borrowing costs in Japan, with the yield on the benchmark 10-year Japanese government bond ending at 1.005 percent, its highest level since April 2012, analysts said.

On the top-tier Prime Market, decliners were led by securities house, mining and real estate issues.