Tokyo - Saba:
Japanese stocks witnessed a noticeable rise during trading on Thursday, supported by an increase in the yield on ten-year government bonds to their highest level since 2009, amid a global wave of selling of bonds.
According to the Tokyo Stock Exchange, the Nikkei Japan Index, which includes 225 issues, ended today's session up by 0.77 percent, or 286.69 points, to reach 37,704.93 points, while the broader Topix index closed up by 1.22 percent, or 33.20 points, to close at 2,751.41 points.
Seven & I Holdings, the parent of 7-Eleven, jumped 6.11 percent, or 122 yen, to close at 2,120 yen, as its CEO Ryuichi Isaaka was replaced by independent outside director Stephen Dacus, the first time an outside official has taken the helm.
Auto stocks were boosted after the White House announced a one-month exemption from tariffs for automakers that comply with the U.S.-Mexico-Canada Agreement's trade rules of origin, sending Nissan Motor Co. up 1.1 percent, or 4.70 yen, to 431.90 yen, while Honda Motor Co. rose 2.02 percent, or 28.50 yen, to 1,439 yen.
The yield on the 10-year note rose about 8 basis points to nearly 1.533 percent, and the yield on the 30-year counterpart rose more than 10 basis points to 2.528 percent, the highest level since June 2008.
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