The Nikkei 225 fell sharply on the 11th, weighed down by a surge in crude oil prices and rising US long-term interest rates. Bond-market weakness added to the pressure, broadening selling pressure across the market.
The Nikkei 225 fell sharply on the 11th, while yields rose in the bond market. Selling prevailed amid a surge in crude oil prices and a sharp rise in US long-term interest rates.
The yield on the newly issued 10-year Japanese government bond moved again around a key threshold, highlighting rising interest rates across financial markets. Movements in the crude oil market were seen as a factor weighing on equities.