Global Market: Nikkei Falls as Oil Surge, Global Bond Selloff Rattle Markets
12 Articles
12 Articles
Nikki's Japanese index dropped 1.23 percent to 65070.58 points during today's Tuesday dealings.
The Economic Times
Times of IndiaGlobal Market: Nikkei falls as oil surge, global bond selloff rattle markets
Japans Nikkei fell 1.23% amid rising global bond yields and oil prices, while Topix declined 1.75%. Inflation concerns, elevated interest rates and expensive AI-linked stocks pressured sentiment. NEXON led losses, while Tokai Carbon gained. Investors remained focused on oil prices, bond yields, monetary policy expectations and ongoing US-Iran developments.
Concerns about rising interest rates and geopolitical tensions in the Middle East are burdening the Asian stock exchanges. Especially in China, trade started to decline.
Japan's equities declined when Tuesday's dealings were closed, recording losses for the second consecutive session, affected by rising oil prices and the continuing wave of global bond sales. Japan's 10-year bond returns rose to 3.090% during today's transactions, approaching their 30-year high at 3.15%, last week's exchange rate level.
Rising oil prices and bond yields, triggered by a lack of progress in US-Iran talks, created selling pressure on Asian stock markets, excluding China. In Japan, the Nikkei 225 fell 0.47%, and in South Korea, the Kospi dropped 0.27%, while the Shanghai Composite index rose 0.24%.
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