Tokyo stocks close lower on decade-high bond yield rise-Xinhua

Tokyo stocks close lower on decade-high bond yield rise

Source: Xinhua| 2023-09-11 17:22:45|Editor: huaxia

TOKYO, Sept. 11 (Xinhua) -- Tokyo stocks ended lower on Monday over a spike in long-term government bond yields to a nearly 10-year high, while investors took a wait-and-see attitude ahead of this week's release of U.S. inflation data.

Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, fell for the third straight trading day by losing 139.08 points, or 0.43 percent, from Friday to close the day at 32,467.76.

The broader Topix index finished 1.46 points, or 0.06 percent, higher at 2,360.48.

After Bank of Japan Governor Kazuo Ueda hinted at the possibility of ending the central bank's negative interest rate policy in an interview published Saturday, the yield on Japan's benchmark 10-year government bond hit 0.700 percent, unseen since January 2014, which spurred the selling of tech issues in the Tokyo market.

On the Prime Market, decliners were led by real estate, marine transportation and machinery issues.

Issues that fell outpaced those that rose by 944 to 822, while 69 ended the day unchanged.