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Nikkei 225 — Japan Benchmark
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Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
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IPC Index — Mexico Market
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Indices

Japanese Shares Gain Despite Bond Rout

The Nikkei 225 Index climbed 0.6% to around 65,900 on Friday, extending gains to a fifth consecutive session even as global bond yields continued to rally on rising inflationary risks and mounting fiscal concerns. On Thursday, the 10- and 30-year US Treasury yields rose to their highest levels since 2007 and 2004, respectively, while Japan’s 10-year yield climbed to its highest level since 1996. Meanwhile, oil prices eased on reports that the US and Iran were considering a phased agreement that could reopen the Strait of Hormuz and lift a US blockade on Iranian ports, helping relieve some pressure on equities. Investors also continued to monitor US-China negotiations that could pave the way for new trade agreements. Technology and banking stocks led the gains, with Kioxia Holdings rising 1.8%, Advantest gaining 1.3%, Ibiden Co advancing 2.7%, Mitsubishi UFJ up 2%, and Sumitomo Mitsui climbing 2.5%.

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