Nikkei, Topix, CSI 300: Inflation treibt japanische Staatsanleihen – China-Börsen verlieren

As Asian markets awaited the meeting of U.S. and Chinese leaders, the Nikkei, Topix, and CSI 300 indices in Japan showed varied performance. The Nikkei, Japan's leading index, rebounded after a multi-day holiday lull, climbing 1 percent to 65,647 points. The broader Topix index slipped 0.1 percent to 4,085 points. Shanghai's benchmark index declined 1.1 percent to 3,894 points, while the CSI-300 index, tracking China's 300 largest mainland companies, fell 1.6 percent to 4,446 points.

Meta's announcement of a new AI device sparked buying interest in tech stocks, as the company unveiled the "Meta Charm" mobile device, fueling demand for computer components. Among the biggest gainers were semiconductor suppliers Ibiden and Socionext, each up about 15 percent. Kazuaki Shimada, chief strategist at IwaiCosmo Securities, noted that chip values have been resilient despite rising yields.

The yield on 10-year Japanese government bonds rose to 3.075 percent, the highest level since August 1996, amid inflation concerns, putting pressure on bank stocks such as Mitsubishi UFJ, Sumitomo Mitsui, and Mizuho. Chinese markets followed suit, with Shanghai's index down 1.1 percent to 3,893 points and the Shanghai and Shenzhen index falling 1.5 percent to 4,447.

Despite discussions of a potential extension of the trade truce set to expire in November and a joint effort to address artificial intelligence risks, U.S. President Donald Trump's visit to the White House with Chinese President Xi Jinping is expected to yield limited concrete results. Analysts predict that U.S. measures to loosen chip export controls are unlikely, according to Sanjeev Rana, CLSA analyst.