(Bloomberg) -- Japan's Nikkei 225 Stock Average
slipped for the first time in five days on concern rising
interest rates globally will reduce demand for shares and after
comments from Federal Reserve Chairman Ben S. Bernanke said
inflationary risks remain, dashing hopes for a cut in borrowing
costs this year.
Stocks that have climbed the most this year, including
shipping companies and property developers such as Nippon Yusen
KK and Mitsui Fudosan Co., led declines. A measure of shipping
lines included in the Topix soared 53 percent in 2007 to
yesterday's close, while real estate shares rose 22 percent.
Read more at Bloomberg Stocks News
slipped for the first time in five days on concern rising
interest rates globally will reduce demand for shares and after
comments from Federal Reserve Chairman Ben S. Bernanke said
inflationary risks remain, dashing hopes for a cut in borrowing
costs this year.
Stocks that have climbed the most this year, including
shipping companies and property developers such as Nippon Yusen
KK and Mitsui Fudosan Co., led declines. A measure of shipping
lines included in the Topix soared 53 percent in 2007 to
yesterday's close, while real estate shares rose 22 percent.
Read more at Bloomberg Stocks News
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