TOKYO, March 5 (Reuters) - Japanese shares fell for a second straight session on Friday, dragged down by losses in index heavyweights and technology shares, as rising U.S. bond yields hit investor sentiment.
The declines followed a weaker overnight finish on Wall Street that left the Nasdaq down nearly 10% from its February record high, as remarks by Federal Reserve Chair Jerome Powell failed to calm investors worried about rising longer-term U.S. bond yields. .N Treasury yields jumped during U.S. trading hours after Powell's speech, sending the 10-year yield to top 1.5%.
"The move of the U.S. long-term bond yields is now the centre of the attention for stock investors," said Yoshihiro Takeshige, general manager at the investment management department of Asahi Life Asset Management.
"If the move of yields will become out of control, Japan's market could be dragged lower, led by declines in U.S. technology shares."
Toshiba 6502.T surged 6.06% as Mizuho Financial Group 8411.T built a 5.07% stake in the energy and infrastructure services firm, following a disclosure of a 5.21% stake by investment fund BlackRock Inc (NYSE: BLK ) BLK.N . largest percentage gainer on the index was Ricoh 7752.T , which rose 8.59%, followed by Citizen Watch 7762.T , up 7.47%, and Casio Computer 6952.T , which firmed 4.55%.
There were 145 advancers on the Nikkei index against 76 decliners.
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