Tokyo’s Nikkei closes down more than 2.1%

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Tokyo

Tokyo’s benchmark Nikkei index closed down more than 2.1 percent on Thursday as rising bond yields in the US continued weighing on the market.

The Nikkei 225 index lost 2.13 percent, or 628.99 points, to 28,930.11 while the broader Topix index slipped 1.04 percent, or 19.80 points, to 1,884.74.

“Investors remained nervous about US interest rates,” said Toshikazu Horiuchi, a broker at IwaiCosmo Securities.

“But today’s decline is still part of an adjustment following recent sharp gains,” Horiuchi told AFP. “Sentiment is still solid in the mid-term,” he added

. The market largely shrugged off Prime Minister Yoshihide Suga’s remarks over plans to extend the state of emergency in the capital and surrounding areas amid concern over the slowing decline of virus infections. —APP