Tokyo: Japanese indices showed mixed results amid rising government bond yields, as markets assessed the potential impact of the proposed imposition of additional US tariffs. The Tokyo Stock Exchange reported that the Nikkei index, which includes 225 listed companies, ended today’s session down by 0.14%, or 51.03 points, closing at 36,779.66 points. Meanwhile, the broader TOPIX index closed higher by 0.31%, or 8.38 points, ending at 2,696.16 points.
According to Qatar News Agency, the US dollar rose against the Japanese yen by approximately 0.35%, reaching 142.91 yen in morning trading. The yield on 10-year Japanese government bonds rose by more than 3 basis points to 1.296%.
Pharmaceutical stocks came under pressure after US President Donald Trump stated he would announce tariffs on medications within the next two weeks. Shares of Sumitomo Pharma and Terumo declined by 4.46% and 2.81%, respectively.
Mitsubishi Motors was the worst-performing automaker, with its stock falling by 3.34%, while Toyota Motor shares dropped by 2.66%. Sony Group shares also declined by more than 4.05% following Trump’s announcement of a 100% tax on films produced outside the United States.