Nikkei Down 0.7%, Dragged Down by Autos, Property Shares
Japanese stocks ended lower as concerns about higher borrowing costs persisted. Autos and property shares led the declines. Toyota Motor dropped 2.7% and Sumitomo Realty & Development dropped 2.8%.
The Nikkei Stock Average fell 0.7% to 38,787.02. The yield on the benchmark 10-year Japanese government bond rose 4 basis points to 1.300%, the highest since April 2011. Investors were watching Prime Minister Shigeru Ishiba’s visit to the U.S. USD/JPY was at 151.71, compared with 151.45 at 5 p.m. Eastern Thursday. ( \n This email address is being protected from spambots. You need JavaScript enabled to view it. )
Source: Bloomberg