The Nikkei 225 fell 0.7% to below 38,200, while the broader Topix index dropped 0.8% to 2,750 on Monday, marking a third straight session of losses for Japanese equities. The selloff followed US airstrikes on three Iranian nuclear sites over the weekend, a major escalation in the Middle East as the US joins Israel in its conflict with Iran.
Markets are now on edge, awaiting Tehran's response amid concerns about wider regional instability and higher oil prices. On the domestic front, data showed that Japanese manufacturing activity returned to growth in June for the first time since May 2024, while the services sector expanded for a third straight month—providing some signs of resilience in the broader economy.
Technology stocks led the declines, with sharp losses from Advantest (-2.2%), Lasertec (-4.8%), Disco (-3.6%), SoftBank Group (-1.6%), and Tokyo Electron (-2.8%).(alg)
Source: Trading Economics
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