Japanese Stocks Slip Amid Rising Oil Prices and Higher Bond Yields

Japanese stocks experienced a slight decline on Tuesday due to rising oil prices and higher bond yields. The Nikkei 225 index fell by 0.01% to close at 63,484 points, while the Topix index dropped by 0.52% to 4,037 points.

The markets were under pressure from multiple directions, with oil prices remaining near four-month highs and bond yields in both the US and Japan reaching multi-year peaks.

Investors are on edge ahead of major central bank decisions this week, with the US Federal Reserve and the Bank of Japan expected to raise interest rates. This has led to a cautious approach among investors, causing technology shares to fluctuate.

Kioxia Holdings was an exception, rising by 2.3% after news that the memory chipmaker might raise at least $10 billion through a new stock listing in the US.