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Japan
Stocks Decline Amid Rising YieldsTokyo,
7 Jul (ONA) — Japan’s stock markets declined today amid a broad sell-off in
long-term bonds, as renewed concerns about the country’s fiscal outlook
resurfaced ahead of this month’s upper house elections.The
benchmark 225-issue Nikkei Stock Average fell 223.20 points, or 0.56%, from
Friday’s close to settle at 39,587.68.The
broader Topix index also lost grounds, declining 16.23 points, or 0.57%, to
finish at 2,811.72.Meanwhile,
the yield on 10-year Japanese government bonds (JGBs) climbed approximately 3
basis points to 1.463%, reflecting the bond market’s sentiment.
—Ends/AG
