Business & Finance
Japanese Stocks Fall as Inflation Fears Hit Cyclical Shares
Key Points
Japanese Stocks Fall as Inflation Fears Hit Cyclical Shares Japanese stocks fell for a second day, tracking a Wall Street selloff as persistently high oil prices revived inflation concerns and weighed on equities near record highs. Cyclical stocks including trading houses, banks and materials led the decline. The Topix fell 1% to 4,111.35 as of 9:07 a.m. Tokyo time, while the Nikkei declined 0.6% to 69,630.12.
Japanese Stocks Fall as Inflation Fears Hit Cyclical Shares
Japanese stocks fell for a second day, tracking a Wall Street selloff as persistently high oil prices revived inflation concerns and weighed on equities near record highs.
Cyclical stocks including trading houses, banks and materials led the decline. The Topix fell 1% to 4,111.35 as of 9:07 a.m. Tokyo time, while the Nikkei declined 0.6% to 69,630.12.