Lates News

The Japanese stock market fell in early trading on Monday following weak US jobs data released on Friday. The Nikkei index dropped 2.1% to 39,949.31 points. Financial stocks led the decline, with Mizuho Financial Group falling 4.8% and Mitsubishi UFJ Financial Group dropping 4.6% as Japanese government bond yields fell sharply. The yield on the 10-year government bond fell by 8.5 basis points to 1.465%. Shares of Recruit Holdings, the owner of job search websites Indeed and Glassdoor, fell 5.3%. The US dollar fell sharply against the Japanese yen to 147.60 yen from 150.54 yen at the close of the Tokyo stock market on Friday. Investors are closely watching corporate earnings reports and domestic political developments.