The Japanese Nikkei index fell 0.23% to 28,864.32 points and recorded a loss for the second week in a row. The TOPIX index closed down 0.61% to 1,896.18 points.<\/p>\n\n\n\n
The drop comes after a weaker performance last night at the close on Wall Street that resulted in the Nasdaq index dropping nearly 10% from its record high in February, as statements by Federal Reserve Chairman Jerome Powell failed to calm investors anxious about rising bond yields. The longest-term American.<\/p>\n\n\n\n
US Treasury yields jumped during US trading hours after Powell’s speech, pushing the 10-year yield to over 1.5 percent.<\/p>\n\n\n\n
Fast Retail, the operator of Uniqlo clothing stores, fell 3.39% and was the largest contributor to the Nikkei decline. Recruit Holdings Holdings plunged 6.34%.<\/p>\n\n\n\n
Chip-related stocks, which led the rally this year, also declined. Tokyo Electron fell 2.47%, Advantest lost 1.27%, and Fanuc fell 0.94%.<\/p>\n\n\n\n
Toshiba shares rose 6.06% as Mizuho Financial Group formed a 5.07% stake in the energy and infrastructure services company, following the disclosure of a 5.21% stake owned by the BlackRock investment fund.<\/p>\n\n\n\n
The biggest loser on the index, by percentage, was Hitachi Zusen, which fell 7.5%, and was followed by Pacific Metals, which fell 6.25%.<\/p>\n\n\n\n
145 shares advanced on the Nikkei index, against a decline of 76.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Japanese Nikkei index fell 0.23% to 28,864.32 points and recorded a loss for the second week in a row. The TOPIX index closed down 0.61% to 1,896.18 points. The drop comes after a weaker performance last night at the close on Wall Street that resulted in the Nasdaq index dropping nearly 10% from its …<\/p>\n","protected":false},"author":9,"featured_media":33466,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[39,36],"tags":[6939,6971],"class_list":["post-42516","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-global-stock-markets","category-market-updates","tag-japan","tag-nikkei"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/42516","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=42516"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/42516\/revisions"}],"predecessor-version":[{"id":42517,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/42516\/revisions\/42517"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/33466"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=42516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=42516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=42516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}