TOKYO, Feb 3 (Reuters):
Japanese stocks extended early losses and fell
to a 1-1/2-week low on Tuesday as the results of the new 10-year
Japanese government bonds auction were weaker than expected, with
worries about global growth also weighing on risk appetite.
The Nikkei share average ended 1.3 per cent lower at 17,335.85 points, its lowest close since January 22.
The ministry of finance's auction of 2.4 trillion yen 10-year JGBs drew unexpectedly weak demand, producing the lowest accepted price of 99.42, compared to market expectations of around 100.00.
Bridgestone Corp dipped 3.3 per cent and Yokohama Rubber shed 2.4 per cent.
The broader Topix shed 1.2 per cent to 1,392.39 and the JPX-Nikkei Index 400 declined 1.1 per cent to 12,640.20.
The Nikkei share average ended 1.3 per cent lower at 17,335.85 points, its lowest close since January 22.
The ministry of finance's auction of 2.4 trillion yen 10-year JGBs drew unexpectedly weak demand, producing the lowest accepted price of 99.42, compared to market expectations of around 100.00.
Bridgestone Corp dipped 3.3 per cent and Yokohama Rubber shed 2.4 per cent.
The broader Topix shed 1.2 per cent to 1,392.39 and the JPX-Nikkei Index 400 declined 1.1 per cent to 12,640.20.
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