Nikkei Falls As US Yield Spikes, MUFG Tumbles After Earnings

Japanese stocks edged lower on Wednesday as sentiment was knocked by a surge in U.S. Treasury yields to seven-year highs and after Pyongyang called off talks with Seoul, throwing a major U.S.-North Korean summit into question.
Nisshin Steel Co 5413.T jumped 16 percent after Nippon Steel & Sumitomo Metal Corp 5401.T said in the afternoon that Nisshin will become its wholly owned subsidiary next January via a share exchange. The Nikkei .N225 ended 0.4 percent lower to 22,717.23. Data in the morning showing the world's third-biggest economy suffered a deeper-than-expected contraction in the first-quarter also checked buyers. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774