Tokyo stocks end lower over higher Japanese interest rates

STORY: Tokyo stocks end lower over higher Japanese interest rates SHOOTING TIME: recent footage DATELINE: May 23, 2024 LENGTH: 00:01:13 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of street views in Tokyo 2. various of Tokyo Stock Exchange STORYLINE: Tokyo stocks closed lower on Wednesday, weighed down by concern over higher borrowing costs after Japan's benchmark bond yield touched the 1 percent threshold for the first time in around 11 years. Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended down 329.83 points, or 0.85 percent, from Tuesday at 38,617.10. The broader Topix index, meanwhile, finished 22.36 points, or 0.81 percent, lower at 2,737.36. The yield on Japan's benchmark 10-year government bond hit 1 percent on Wednesday for the first time since May 2013 amid speculation that the Bank of Japan is moving to normalize its monetary policy, sending stocks lower by fueling concern over higher borrowing costs, analysts said. Market watchers here noted stocks

Nikkei ends below 13,000 at 2-month low

Nikkei ends below 13,000 at 2-month low

TOKYO, Japan - An electronic signboard in Tokyo's Yaesu district shows the Nikkei Stock Average ending at 12,904.02 on June 6, 2013, down 110.85 points, or 0.85 percent, from the previous day and its lowest closing level since April 5.

Australian central bank lifts interest rate by 50 bps to 0.85 pct

STORY: Australian central bank lifts interest rate by 50 bps to 0.85 pct DATELINE: June 8, 2022 LENGTH: 0:01:12 LOCATION: SYDNEY, Australia CATEGORY: ECONOMY SHOTLIST: 1. various of Sydney 2. various of Reserve Bank of Australia 3. various of markets and gas stations STORYLINE: Australia's central bank announced on Tuesday a back-to-back rate hike in two consecutive months, lifting interest rate by 0.5 percentage point to 0.85 percent in a bid to relieve the country's growing inflation. "Inflation in Australia has increased significantly. While inflation is lower than in most other advanced economies, it is higher than earlier expected," Governor of the Reserve Bank of Australia (RBA) Philip Lowe said at the monetary policy board meeting. "The size and timing of future interest rate increases will be guided by the incoming data and the board's assessment of the outlook for inflation and the labor market," he added. The increasingly aggressive push to interest rates evidenced the central bank's

AUSTRALIA-SYDNEY-INTEREST RATE-RAISE

AUSTRALIA-SYDNEY-INTEREST RATE-RAISE

(220607) -- SYDNEY, June 7, 2022 (Xinhua) -- Photo taken on June 7, 2022 shows an exterior view of a bank in Sydney, Australia. Australia's central bank announced on Tuesday a back-to-back rate hike in two consecutive months, lifting interest rate by 0.5 percentage point to 0.85 percent in a bid to relieve the country's growing inflation. (Photo by Hu Jingchen/Xinhua)

AUSTRALIA-SYDNEY-INTEREST RATE-RAISE

AUSTRALIA-SYDNEY-INTEREST RATE-RAISE

(220607) -- SYDNEY, June 7, 2022 (Xinhua) -- Photo taken on June 7, 2022 shows an exterior view of a bank in Sydney, Australia. Australia's central bank announced on Tuesday a back-to-back rate hike in two consecutive months, lifting interest rate by 0.5 percentage point to 0.85 percent in a bid to relieve the country's growing inflation. (Photo by Hu Jingchen/Xinhua)

AUSTRALIA-SYDNEY-INTEREST RATE-RAISE

AUSTRALIA-SYDNEY-INTEREST RATE-RAISE

(220607) -- SYDNEY, June 7, 2022 (Xinhua) -- Photo taken on June 7, 2022 shows the Reserve Bank of Australia (RBA) in Sydney, Australia. Australia's central bank RBA announced on Tuesday a back-to-back rate hike in two consecutive months, lifting interest rate by 0.5 percentage point to 0.85 percent in a bid to relieve the country's growing inflation. (Photo by Hu Jingchen/Xinhua)

AUSTRALIA-SYDNEY-INTEREST RATE-RAISE

AUSTRALIA-SYDNEY-INTEREST RATE-RAISE

(220607) -- SYDNEY, June 7, 2022 (Xinhua) -- Photo taken on June 7, 2022 shows an exterior view of a bank in Sydney, Australia. Australia's central bank announced on Tuesday a back-to-back rate hike in two consecutive months, lifting interest rate by 0.5 percentage point to 0.85 percent in a bid to relieve the country's growing inflation. (Photo by Hu Jingchen/Xinhua)

AUSTRALIA-SYDNEY-INTEREST RATE-RAISE

AUSTRALIA-SYDNEY-INTEREST RATE-RAISE

(220607) -- SYDNEY, June 7, 2022 (Xinhua) -- Photo taken on June 7, 2022 shows an exterior view of a bank in Sydney, Australia. Australia's central bank announced on Tuesday a back-to-back rate hike in two consecutive months, lifting interest rate by 0.5 percentage point to 0.85 percent in a bid to relieve the country's growing inflation. (Photo by Hu Jingchen/Xinhua)

AUSTRALIA-SYDNEY-INTEREST RATE-RAISE

AUSTRALIA-SYDNEY-INTEREST RATE-RAISE

(220607) -- SYDNEY, June 7, 2022 (Xinhua) -- Photo taken on June 7, 2022 shows the Reserve Bank of Australia (RBA) in Sydney, Australia. Australia's central bank RBA announced on Tuesday a back-to-back rate hike in two consecutive months, lifting interest rate by 0.5 percentage point to 0.85 percent in a bid to relieve the country's growing inflation. (Photo by Hu Jingchen/Xinhua)