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Tokyo stocks open lower as spike in bond yields hits U.S. shares

TOKYO

2021-03-19 09:22

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TOKYO, March 19 (Xinhua) -- Tokyo stocks opened lower Friday as a spike in U.S. bond yields stoked concerns about corporate borrowing costs and equity valuations, as investors eyed the outcome of the Bank of Japan's policy setting meeting later in the day.

As of 9:15 a.m., the 225-issue Nikkei Stock Average lost 227.88 points, or 0.75 percent, from Thursday to 29,988.87.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, fell 9.37 points, or 0.47 percent, at 1,999.14.

Mining, rubber product, and oil and coal product-oriented issues comprised those that declined the most in the opening minutes after the morning.

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Tokyo stocks open lower as spike in bond yields hits U.S. shares

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Tokyo stocks open lower as spike in bond yields hits U.S. shares

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