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Japan's Nikkei slumps as oil, bond yields weigh on sentiment
TOKYO: Japan’s Nikkei share gauge fell sharply on Tuesday as a global surge in bond yields and rising oil prices weighed on sentiment. The benchmark Nikkei 225 slid 1.23% to 65,070.58 in early trading, set for a second straight decline. The broader Topix slipped 1.75% to 4,040.16. The selloff followed overnight declines in US equity markets, as rising oil prices and Treasury yields stoked inflation worries and concerns that monetary policy would stay tight. Pressure is also building in Japan, with the nation’s government bond yields hovering near multi-decade highs. US and Iranian officials sp...
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