TOKYO, June 19 (Reuters) - Japan's Nikkei share average
retreated from a four-month high on Thursday as the threat of
war between the United States and Iran dampened demand for
higher-yielding assets.
The Nikkei 225 Index slid 0.8%, snapping a three-day
rise that lifted the gauge to the highest since February 20. The
broader Topix lost 0.6%.
The Israel-Iran conflict entered its seventh day, and
President Donald Trump was ambiguous about whether the U.S.
would join in bombardment of Iran's nuclear sites.
"Heightened tensions in the Middle East continue to cool
investor sentiment, with the downside appearing to widen," said
Nomura strategist Fumika Shimizu.
There were 48 advancers on the Nikkei against 175 decliners.
The biggest losers were Taiyo Yuden ( TYOYF ), down 3.1%,
followed by Sumitomo Pharma ( DNPUF ), which lost 3%.
The largest gainer was Nippon Steel Corp ( NISTF ), surging
4.3% after it completed its long-simmering $14.9 billion
acquisition of U.S. Steel.