(Updates with closing prices)
TOKYO, June 13 (Reuters) - Japan's Nikkei share average
fell on Friday as investors sold riskier assets after Israel
launched widescale strikes against Iran, stoking worries about
geopolitical risks.
The Nikkei fell 0.89% to close at 37,834.25,
mirroring moves in U.S. stock futures, but posted a 1.14% gain
for the week.
The broader Topix fell 0.95% to 2,756.47 and
gained 0.5% for the week.
"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 launched strikes against Iran on Friday, saying it
targeted nuclear facilities, ballistic missile factories and
military commanders, and that this was the start of a prolonged
operation to prevent Tehran from building an atomic weapon.
Chip-making equipment maker Tokyo Electron ( TOELF ) fell
4.8%, dragging the Nikkei the most. Uniqlo-brand owner Fast
Retailing ( FRCOF ) lost 1.61%.
Exporters fell as the yen strengthened, with Toyota Motor ( TM )
and Nissan Motor ( NSANF ) falling 2.35% and 1.26%,
respectively.
Energy sectors rose as oil prices jumped. Oil explorers
jumped 2.77% to become the top performer among the
Tokyo Stock Exchange's 33 industry sub-indexes.
Oil refiners gained 1.61% and the utility sector
gained 1.17%.
Defense-related shares also rose, with Mitsubishi Heavy
Industries ( MHVYF ) and IHI rising 2%, respectively.
Of more than 1,600 stocks trading on the TSE's prime
market, 17% rose and 79% fell, with 2% trading flat.