Nikkei Falls as US Yield Spike, North Korea Worries Weigh

Wednesday, 16 May 2018 10:22 WIB

Saham JepangIndeks NikkeiYIELDS TREASURY


Japanese stocks edged lower on Wednesday morning as sentiment was knocked by a surge in U.S. Treasury yields to seven-year highs and after Pyongyang called off talks with Seoul, throwing a major U.S.-North Korean summit into question.

Data earlier showing the world's third-biggest economy suffered a deeper-than-expected contraction in the first-quarter also checked buyers.

The Nikkei declined 0.3 percent to 22,747.92 in midmorning trade, with the banking sector underperforming, falling 1.2 percent.

Japan's economy contracted a more than expected 0.6 percent in the January-March period on an annualised basis, putting an end to eight straight quarters of expansion.

Source : Reuters


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