Indian billionaire investor Rakesh Jhunjhunwala says he's very upbeat about his country's growth potential after the country underwent a massive banking crisis and the rollout...Asia Economyread more
Morgan Stanley has cut its bear (worst-case) forecast on Tesla's stock from $97 to just $10, citing concerns about the company's increased debt load and geopolitical exposure.Autosread more
Home Depot on Tuesday reported fiscal first-quarter earnings that beat analysts expectations, despite a damp start to the spring in much of the U.S.Retailread more
There's more pain ahead for the U.S. and China amid their bilateral trade dispute, according to one expert.China Politicsread more
Alphabet Inc's Google said Tuesday that keeping phones up to date and secure was in "everyone's best interests," shortly after the U.S. temporarily eased some trade...Technologyread more
You know there's an underlying problem when investment firms start to cut exposure to a particular asset class.Commentaryread more
While Trump's lawyers had argued that the committee's subpoena did not have a legitimate legislative purpose — and was therefore invalid — Mehta took a broader view.Politicsread more
The issue of corporate debt has surfaced as companies continue to use the low rates the Fed has provided to lever up their balance sheets.The Fedread more
A record 257.4 million travelers are expected to opt for U.S. airlines for travel this summer, the 10th consecutive annual increase, a trade group forecast on Tuesday.Airlinesread more
The announcement comes amid a wave of store closures across the country this year.Retailread more
* Germany's Infineon hurts chip-related stocks
* Shippers lose ground
TOKYO, March 28 (Reuters) - Japan's Nikkei slipped on Thursday as sliding U.S. bond yields fed fears about a slowdown in the world's largest economy and a deepening downturn globally, putting a dent on cyclical stocks such as exporters.
The Nikkei share average ended 1.6 percent lower at 21,033.76.
Benchmark 10-year Treasury yields fell to 15-month lows on Wednesday, keeping the yield curve inverted in a signal of a future U.S. recession.
Also fueling concerns about growth, New Zealand's central bank on Wednesday stunned markets with a sharp shift to a dovish stance, while the European Central Bank delayed a planned increase in rates in the face of rising global growth risks.
The economic gloom saw Germany sell 10-year debt with a negative yield for the first time since the autumn of 2016.
"Investors are increasingly becoming risk-averse and shifting to safe-haven defensive shares from cyclical stocks," said Nobuhiko Kuramochi, a strategist at Mizuho Securities.
But he said that when the index falls below its psychologically important 21,000-line, selling tends to ease.
Exporters were sold off, as the dollar slipped 0.4 percent to 110.09 yen.
Tokyo Electron slid 1.7 percent, Subaru Corp tumbled 3.3 percent and Daikin shed 1.5 percent.
Renesas Electronics Corp plunged 5.4 percent and Rohm Co stumbled 4.6 percent after German chipmaker Infineon cut its 2019 revenue forecast on Wednesday for the second time, which hurt U.S. chip shares overnight.
The Philadelphia SE Semiconductor index dropped 1.5 percent.
Shippers, which are sensitive to global demand, languished. Mitsui OSK Lines dropped 3.5 percent and Kawasaki Kisen fell 3.9 percent.
Elsewhere, Gunma Bank dived 8.2 percent after it cut its net profit outlook for the year ending March to 23.1 billion yen from 28.5 billion yen.
The broader Topix dropped 1.7 percent to 1,582.85. Declining issues outnumbered advancing ones 1,878 to 229.
(Editing by Sam Holmes)