Japan stocks fall second day on profit-taking and rate fears.
Context
What happened: Japan stocks fell for a second day as profit-taking and rate fears weighed. The Nikkei 225 declined 0.9% to 69,366.14 and the Topix dropped 1.54% to 4,090.19.
Key numbers: Nikkei 225 down 0.9% to 69,366.14. Topix down 1.54% to 4,090.19. Rohm fell 3.5%, SoftBank Group nearly 3%, Yaskawa Electric 2.6%.
Why it matters: Investors turned cautious ahead of US monetary policy signals, with Fed minutes showing divisions and most officials backing another hike by year-end. A 24-year high in the US 10-year Treasury yield and Middle East shipping attacks added pressure.