Japan’s Nikkei experienced a decline due to escalating U.S.-Iran tensions, which drove up oil prices and heightened risk aversion. The surge in crude prices, impacting Japan’s economy and corporate earnings, was partially offset by a weaker yen boosting exporter stocks. Chip stocks underperformed, while oil explorers saw gains amid market uncertainty.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets