Japanese Stock Market Declines, Following U.S. Market Weakness
Deep News
Jul 14
Japanese equities opened lower in early trading, tracking overnight losses on Wall Street.
The Nikkei index fell by 1.4% to 66,287.24 points.
Commenting on the market move, Ray Attrill, Head of FX Strategy at National Australia Bank, noted that developments such as "the two-way military action escalation between Iran and the U.S. on Sunday and Monday" meant that "risk assets have had a very poor start to the week."
Among the worst-performing constituents of the Japanese benchmark index, Yaskawa Electric Corp. shares fell by 8.8%, Fujikura Ltd. dropped 6.4%, and Kokusai Electric Corp. declined 6.4%.
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