Nikkei slides on Iran-war worries and higher energy costs
Japanese stocks trade lower in early session as concerns over the Iran war and higher energy costs persist. Chip-related shares lead declines: SoftBank Group, Advantest and Tokyo Electron fall in early trade.
2014 ET - Japanese stocks are lower in early trade as concerns over the Iran war and higher energy costs continue.
Chip-related stocks are leading the declines.
SoftBank Group is down 4.1%, Advantest is 4.0% lower and Tokyo Electron Ltd. is down 4.5%.
The dollar is at 160.19 yen, compared with Y159…