Tokyo stocks fall in morning on Middle East tensions, bond yields rise
TOKYO (Kyodo) -- Tokyo stocks fell Friday morning, hurt by caution over tensions in the Middle East and a rebound in U.S. Treasury yields after their
On Friday morning, Tokyo stocks experienced a decline in response to Middle East tensions and a rise in U.S. Treasury yields. The Nikkei Stock Average fell 208.34 points, or 0.31%, to 66,008.45. The broader Topix index also dropped 0.12%, closing at 4,054.66. The U.S. dollar traded near 159 yen, while the euro was quoted at $1.1696-1696.
Investors were concerned about potential oil supply disruptions and inflation, which could negatively impact the economy. While U.S. Treasury Department plans to double its bond buybacks were viewed as a short-term fix, investors were prepared to take profits at week's end and ahead of Scott Bessent's press conference on Monday, where he would discuss the most stringent sanctions ever imposed on Iran.
Written by urgent.news from The Mainichi's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
