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VERIFIEDET Markets·positive
Global Market: Japan shares rally as US debt buybacks ease bond market concerns
AI Summary
- ·Japan's Nikkei rose 1% to 65,982.49, driven by falling global bond yields and improved investor sentiment.
- ·U.S. Treasury plans to double long-duration debt buybacks, easing borrowing-cost pressures.
- ·Gains were broad-based, with Sumitomo Metal Mining, Sumitomo Pharma, and Kansai Electric Power leading, while technology shares declined.