Asia Markets: Japan’s Nikkei leads decliners as most Asian markets fall

Japanese stocks were the poorest performer in a mixed Asian stock trading session Monday as the U.S. dollar’s pullback and renewed trade worries hung over the market.

Japan’s Nikkei NIK, -1.33%  closed down 1.3% as a stronger yen hurt exporters. The yen USDJPY, -0.26%  started rallying on Friday and got a fresh boost Monday morning following weekend reports from Reuters about potential policy tweaks being discussed at the Bank of Japan. But such chatter has surfaced previously, and nothing has yet come to pass.

Japan’s 10-year government bond yields jumped to as high as 0.087% Monday morning, from 0.036% in the previous session—the largest one-day move in almost two years.

Indexes in Australia XJO, -0.93%  and New Zealand NZ50GR, -0.93%   were off 0.9%, while Singapore’s Straits Times STI, -0.12% slipped just 0.1%.

Taiwan Y9999, +0.14%   scratched back from early losses to end up 0.1%, boosted by more gains for Taiwan Semiconductor 2330, +1.47%  . Stocks in Hong Kong HSI, +0.11%  , Shanghai SHCOMP, +1.07%   and Shenzhen 399106, +0.53%   were weaker early on but all finished in the green.

South Korea’s Kospi SEU, -0.87%   was 0.8% lower as index giant Samsung 005930, -2.00%   was off 2%. But other leading stocks were higher, including Korea Electric Power 015760, +3.53%  which shot up 3.5%,while Hyundai Motor 005380, +1.97%   gained 2% and Posco 005490, +3.59%   advanced 3.6%.

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