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Business Recorder
25-06-2025
- Business
- Business Recorder
Japan's Nikkei slips as US futures fall, investors eye Israel-Iran ceasefire
TOKYO: Japan's Nikkei share average inched lower on Wednesday, weighed down by declines in US stock futures, as investors awaited clarity on whether a fragile ceasefire between Israel and Iran would hold. The Nikkei was down 0.1% at 38,750.47 by the midday break, after flitting between modest gains and losses. The broader Topix fell 0.34% to 2,771.93. 'The market had already factored in the gains of US stocks last night subsequent to a ceasefire announcement,' said Naoki Fujiwara, senior fund manager at Shinkin Asset Management. The Nikkei snapped a three-day losing streak to end higher on Tuesday after US President Donald Trump announced the ceasefire agreement late Monday. The truce appeared fragile: Both Israel and Iran took hours to acknowledge they had accepted the ceasefire and accused each other of violating it. Still, investors viewed the ceasefire rhetoric as a sign of de-escalating tensions, pushing the US stocks up more than 1% overnight. But S&P and Nasdaq futures slipped during Asian hours, which the market interpreted as a sign of potential declines on Wall Street later in the day, said Kentaro Hayashi, senior strategist at Daiwa Securities. 'Investor sentiment was also weighed by the stability of Japanese politics ahead of the upper house election (next month), and the development of ongoing trade talks. If the US Federal Reserve cuts interest rates, that could lift the yen higher,' he added. Technology investor SoftBank Group fell 3.18% to drag the Nikkei the most. Medical equipment maker Olympus tanked 10.99%. Shares of Toyota Motor lost 1.41%. Chip-related stocks advanced, tracking a 3.8% gain in the US Philadelphia Semiconductor Index. Tokyo Electron climbed 2.34% and Advantest added 1.31%. Of more than 1,600 stocks trading on the Tokyo Stock Exchange's prime market, 27% rose and 68% dropped, while 4% traded flat.
Yomiuri Shimbun
25-06-2025
- Business
- Yomiuri Shimbun
Japan's Nikkei Stock Average Slips as US Futures Fall, Investors Eye Israel-Iran Ceasefire
TOKYO, June 25 (Reuters) – Japan's Nikkei share average inched lower on Wednesday, weighed down by declines in U.S. stock futures, as investors awaited clarity on whether a fragile ceasefire between Israel and Iran would hold. The Nikkei .N225 was down 0.1% at 38,750.47 by the midday break, after flitting between modest gains and losses. The broader Topix .TOPX fell 0.34% to 2,771.93. 'The market had already factored in the gains of U.S. stocks last night subsequent to a ceasefire announcement,' said Naoki Fujiwara, senior fund manager at Shinkin Asset Management. The Nikkei snapped a three-day losing streak to end higher on Tuesday after U.S. President Donald Trump announced the ceasefire agreement late Monday.
Economic Times
13-06-2025
- Business
- Economic Times
Japan's Nikkei falls on geopolitical worries as Israel attacks Iran
Japan's Nikkei share average fell on Friday as investors sold riskier assets after Israel launched widescale strikes against Iran, stoking worries about geopolitical risks. ADVERTISEMENT The Nikkei fell 0.89% to close at 37,834.25, mirroring moves in U.S. stock futures, but posted a 1.14% gain for the week. The broader Topix fell 0.95% to 2,756.47 and gained 0.5% for the week. "The market was selling stocks on caution for geopolitical risks, but the news was not driving a fire sale because investors still wanted to monitor the development of the attacks," said Naoki Fujiwara, a senior fund manager at Shinkin Asset Management. Israel launched strikes against Iran on Friday, saying it targeted nuclear facilities, ballistic missile factories and military commanders, and that this was the start of a prolonged operation to prevent Tehran from building an atomic weapon. Chip-making equipment maker Tokyo Electron fell 4.8%, dragging the Nikkei the most. Uniqlo-brand owner Fast Retailing lost 1.61%. ADVERTISEMENT Exporters fell as the yen strengthened, with Toyota Motor and Nissan Motor falling 2.35% and 1.26%, respectively. Energy sectors rose as oil prices jumped. Oil explorers jumped 2.77% to become the top performer among the Tokyo Stock Exchange's 33 industry sub-indexes. ADVERTISEMENT Oil refiners gained 1.61% and the utility sector gained 1.17%. Defense-related shares also rose, with Mitsubishi Heavy Industries and IHI rising 2%, respectively. ADVERTISEMENT Of more than 1,600 stocks trading on the TSE's prime market, 17% rose and 79% fell, with 2% trading flat. (You can now subscribe to our ETMarkets WhatsApp channel)
Business Recorder
13-06-2025
- Business
- Business Recorder
Japan's Nikkei falls on geopolitical concerns after Israel attacks Iran
TOKYO: Japan's Nikkei share average fell on Friday, mirroring moves in US stock futures, oil and other stock markets on news that Israel had conducted a military strike on Iran. As of 0106 GMT, the Nikkei was down 1.5% at 37,584.47. The broader Topix fell 1.28% to 2,7473.9. 'The market was selling stocks on caution for geopolitical risks, but the news was not driving a fire sale because investors still wanted to monitor the development of the attacks,' said Naoki Fujiwara, a senior fund manager at Shinkin Asset Management. Israel has begun carrying out strikes on Iran, two US officials said on Thursday, adding that there was no US assistance or involvement in the operation. Chip-making equipment maker Tokyo Electron fell 5.5% to drag the Nikkei the most. Uniqlo-brand owner Fast Retailing lost 2.1%. Japan's Nikkei falls as US stock futures decline, firmer yen weighs Exporters fell as the yen strengthened, with Toyota Motor and Nissan Motor falling 2.75% and 1.5%, respectively. All but three of the Tokyo Stock Exchange's 33 industry sub-indexes fell. Energy sectors rose as oil prices jumped, with oil explorers and refiners gaining 3.6% and 2.2%, respectively. The utility sector rose 0.7%.
New Straits Times
13-06-2025
- Business
- New Straits Times
Japan's Nikkei falls on geopolitical concerns after Israel attacks Iran
TOKYO: Japan's Nikkei share average fell on Friday, mirroring moves in US stock futures, oil and other stock markets on news that Israel had conducted a military strike on Iran. As of 0106 GMT, the Nikkei was down 1.5 per centat 37,584.47. The broader Topix fell 1.28 per cent to 2,7473.9. "The market was selling stocks on caution for geopolitical risks, but the news was not driving a fire sale because investors still wanted to monitor the development of the attacks," said Naoki Fujiwara, a senior fund manager at Shinkin Asset Management. Israel has begun carrying out strikes on Iran, two US officials said on Thursday, adding that there was no US assistance or involvement in the operation. Chip-making equipment maker Tokyo Electron fell 5.5 per cent to drag the Nikkei the most. Uniqlo-brand owner Fast Retailing lost 2.1 per cent. Exporters fell as the yen strengthened, with Toyota Motor and Nissan Motor falling 2.75 per cent and 1.5 per cent, respectively. All but three of the Tokyo Stock Exchange's 33 industry sub-indexes fell. Energy sectors rose as oil prices jumped, with oil explorers and refiners gaining 3.6 per cent and 2.2 per cent, respectively. The utility sector rose 0.7 per cent.
