(Bloomberg) -- Japan's Topix index dropped, paced
by property developers and utility companies, after rising bond
yields increased speculation higher borrowing costs will erode
profit growth and reduce the appeal of dividend payouts.
Property developers that borrow heavily including K.K.
DaVinci Advisors, and Tokyo Electric Power Co. which had a
dividend payout that is higher than other companies, dropped.
Read more at Bloomberg Stocks News
by property developers and utility companies, after rising bond
yields increased speculation higher borrowing costs will erode
profit growth and reduce the appeal of dividend payouts.
Property developers that borrow heavily including K.K.
DaVinci Advisors, and Tokyo Electric Power Co. which had a
dividend payout that is higher than other companies, dropped.
Read more at Bloomberg Stocks News
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