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Markets

Nikkei falls as US-Israel air war with Iran escalates

  • The Nikkei fell 0.8% to 57,613.87 as of 0913 GMT while the broader Topix slipped 1.0% to 3,858.50
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TOKYO: Japan’s Nikkei share average fell on Tuesday as investors weighed the repercussions of US and Israeli strikes on Iran for a second day.

The Nikkei fell 0.8% to 57,613.87 as of 0913 GMT while the broader Topix slipped 1.0% to 3,858.50.

The US and Israeli air war against Iran widened with no end in sight, as Israel attacked Lebanon in response to strikes by Hezbollah, and Tehran kept up its missile and drone attacks on Gulf states that host US military bases.

Transport equipment shares fell 3.9%, and oil and coal sectors slipped 3.8%.

Japan’s largest airline ANA Holdings lost 2.1% and its peer Japan Airlines was down 4%.

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