PT Rifan Financindo Berjangka - Japanese stocks ended lower as concerns about borrowing costs mounted. Chip and auto stocks led the declines. Advantest dropped 9.2% and Honda Motor dropped 3.2%. Government bond yields rose across the curve to their highest in more than a decade as a Bank of Japan deputy governor said the central bank will discuss the possibility of raising interest rates next week.
The two-year JGB yield rose 3.5 basis points to 0.680%, the highest since October 2008. The 10-year yield rose 4.5 basis points to 1.240%. The Nikkei Stock Average fell 1.8% to 38,474.30. Investors are focused on any developments in U.S.-China trade relations. USD/JPY was at 157.62, compared with 157.48 at 5 p.m. Eastern Monday. PT Rifan Financindo Berjangka.
Source: Bloomberg
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