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Japan's Nikkei falls as higher yields, inflation fears weigh
TOKYO: Japan’s Nikkei share average fell on Tuesday, dragged lower by technology stocks as investors weighed rising bond yields and persistent inflation concerns that clouded the outlook for growth shares. The Nikkei fell 0.86% to 64,360.16 by 0204 GMT, while the broader Topix slipped 0.95% to 4,028.97. “Bond yields are on the rise as markets expect central bank tightening to fend off inflation,” said Koji Toda, senior fund manager at Resona Asset Management. “This anxiety weighs on investor sentiment. US technology stocks rose overnight, but they are cautious about whether this momentum will ...
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