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Market Update: Japanese Shares Close Higher
The Nikkei 225 added 46.78 points or 0.17% to 28364.61 on Monday as risk sentiment improved after last weeks data showed strong comeback by the services sector both in the US and Europe as businesses reopened following prolonged lockdown and benefited from a global demand recovery. Local 10-year bond yields were at 0.082% while US 10-year rates were at 1.618%. Among stocks, Toyota Motor rose 1.05% to hit a record high, while Honda Motor and Nissan Motor rose 1.51% and 0.89%, respectively. Meantime, traders continue to monitor a volatile slump in cryptocurrencies due to stricter regulation in Chinese markets and prospects that rising inflation may force the Federal Reserve to normalize monetary policy sooner rather than later. [/s2If]
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