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Japan's Nikkei falls on geopolitical concerns after Israel attacks Iran
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Japan's Nikkei falls on geopolitical concerns after Israel attacks Iran
Jun 12, 2025 6:53 PM

TOKYO, June 13 (Reuters) - Japan's Nikkei share average

fell on Friday, mirroring moves in U.S. stock futures, oil and

other stock markets on news that Israel had conducted a military

strike on Iran.

As of 0106 GMT, the Nikkei was down 1.5% at

37,584.47.

The broader Topix fell 1.28% to 2,7473.9.

"The market was selling stocks on caution for geopolitical

risks, but the news was not driving a fire sale because

investors still wanted to monitor the development of the

attacks," said Naoki Fujiwara, a senior fund manager at Shinkin

Asset Management.

Israel has begun carrying out strikes on Iran, two U.S.

officials said on Thursday, adding that there was no U.S.

assistance or involvement in the operation.

Chip-making equipment maker Tokyo Electron ( TOELF ) fell

5.5% to drag the Nikkei the most. Uniqlo-brand owner Fast

Retailing ( FRCOF ) lost 2.1%.

Exporters fell as the yen strengthened, with Toyota Motor ( TM )

and Nissan Motor ( NSANF ) falling 2.75% and 1.5%,

respectively.

All but three of the Tokyo Stock Exchange's 33 industry

sub-indexes fell.

Energy sectors rose as oil prices jumped, with oil explorers

and refiners gaining 3.6% and 2.2%,

respectively.

The utility sector rose 0.7%.

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