Japan Shares Fall on Renewed Iran Tensions, Tech Weakness
Japanese equities opened lower Wednesday as crude prices rose following new US airstrikes on Iran and the cancellation of Tehran's oil export waiver. The Nikkei 225 fell 552.8 points or 0.8% to 67,704.16 at the opening session. Asian markets faced renewed pressure, with chip stocks extending losses for a second straight session. Tech sentiment was also hit by SpaceX's Tuesday entry into the Nasdaq 100, adding to sector volatility. Elsewhere, the US Treasury's move fueled worries that higher energy costs could push the Fed toward tighter monetary policy. At home, Tokyo may soften its policy language in the upcoming 'honebuto' draft to avoid seeming to pressure the Bank of Japan on rate decisions, according to various media reports.
Japanese equities opened lower Wednesday as crude prices rose following new US airstrikes on Iran and the cancellation of Tehran's oil export waiver.
The Nikkei 225 fell 552.8 points or 0.8% to 67,704.16 at the opening session.
Asian markets faced renewed pressure, with chip stocks extending losses for a second straight session.
Tech sentiment was also hit by SpaceX's Tuesday entry into the Nasdaq 100, adding to sector volatility.
Elsewhere, the US Treasury's move fueled worries that higher energy costs could push the Fed toward tighter monetary policy.
At home, Tokyo may soften its policy language in the upcoming 'honebuto' draft to avoid seeming to pressure the Bank of Japan on rate decisions, according to various media reports.