TOKYO, May 28 (Xinhua) -- Tokyo stocks closed mixed on Tuesday amid concerns over rising long-term interest rates in Japan, while the market's downside was buoyed by positive U.S. stock futures.

Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended down 44.65 points, or 0.11 percent, from Monday at 38,855.37.

The broader Topix index, meanwhile, finished 2.14 points, or 0.08 percent, higher at 2,768.50.

Market watchers here noted the yield on the benchmark 10-year Japanese government bond briefly rose 0.015 percentage point from Monday's close to 1.035 percent, its highest level since April 2012, amid speculation that the Bank of Japan is shifting away from monetary easing measures.

The Nikkei index was mostly in negative territory as the continued rise in the benchmark government bond yield fueled concerns over higher borrowing costs. But sentiment was supported by rising U.S. stock futures, as well as the buying of some energy-related issues after an overnight climb in crude oil futures, analysts said. Enditem

Related

Go to Forum >>0 Comment(s)