Nikkei drops amid global bond yield rise
The Japanese Nikkei index declined for the second consecutive session, influenced by rising global bond yields and oil prices, which increased inflation concerns and put pressure on the markets. The index closed down by 0.60%, at 65,481.27 points. Technology stocks lost their gains, while companies like Nikon and Mitsubishi Motors suffered significant losses, whereas firms such as Toki Carbon and Disco experienced gains. This decline reflects investors' apprehensions about tightening monetary policies and expectations of ongoing inflation.
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