Global Market: Japan stocks slide as oil spike and rising bond yields weigh on sentiment
Japans Nikkei fell 1.1%, ending its five-session rally as Middle East tensions disrupted oil supplies and revived inflation concerns. Rising crude prices and bond yields pressured equities, while shipping stocks gained on expectations of higher freight rates. Technology shares were mixed as investors assessed geopolitical risks, valuations and corporate earnings prospects.
Japans Nikkei fell 1.1%, ending its five-session rally as Middle East tensions disrupted oil supplies and revived inflation concerns. Rising crude prices and bond yields pressured equities, while shipping stocks gained on expectations of higher freight rates. Technology shares were mixed as investors assessed geopolitical risks, valuations and corporate earnings prospects.
What's Your Reaction?
