TOKYO, April 23 (Reuters) - Japan's Nikkei share average fell on Monday as index heavyweight stocks such as SoftBank and Terumo lost ground, offsetting gains in financials, which rallied after U.S. yields rose.
The Nikkei .N225 ended down 0.3 percent at 22,088.04 points.
Apple (NASDAQ: AAPL ) suppliers were sold after Morgan Stanley (NYSE: MS ) forecast weak demand for the tech giant's latest iPhones, a day after Taiwan Semiconductor 2330.TW raised fears of softer smartphone sales.
Financial stocks, which invest in foreign bonds, outperformed following a rise in U.S. yields, with insurers T&D Holdings 8795.T up 4.2 percent, Dai-ichi Life 8750.T surging 4.0 percent and Mitsubishi UFJ Financial Group 8306.T 2.0 percent higher.
The broader Topix .TOPX was flat at 1,750.79.
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