financetom
World
financetom
/
World
/
Japan's Nikkei reverses gains as Trump fails to provide clear sign for war's end
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Japan's Nikkei reverses gains as Trump fails to provide clear sign for war's end
Apr 1, 2026 8:08 PM

(Recasts headline, paragraph 1, adds comments, updates stock

prices)

By Junko Fujita

TOKYO, April 2 (Reuters) - Japan's Nikkei share average

fell on Thursday, reversing earlier gains, after U.S. President

Donald Trump did not provide a clear sign for the end of the

Middle East war against Iran.

The Nikkei was down 1.6% at 52,867 as of 0216 GMT, after

rising as much as 0.97% earlier in the session.

The broader Topix also erased gains, falling 0.98%

to 3,635.18.

Trump, in a televised speech, said the U.S. military had

nearly completed the goals it had set out to accomplish in its

war with Iran and that the conflict would end soon.

"There was nothing new in his speech. If he had declared the

immediate end of the war, the equity market could have surged,"

said Kazuaki Shimada, chief strategist at IwaiCosmo Securities.

"Instead, investors started selling stocks to book profits

from the recent rally, as if they had expected this."

The index rallied this week on hopes for a de-escalation in the

war, after logging its worst month since the 2008 global

financial crisis in March.

The index rose to a 25-day average of around 54,258 earlier

in the session, which Shimada said was a signal that the Nikkei

had bottomed out.

Chip-making equipment maker Tokyo Electron ( TOELF ) fell 2.6% to

drag the Nikkei down the most. Chip-testing equipment maker

Advantest ( ADTTF ) fell 5.7%.

Uniqlo-brand owner Fast Retailing ( FRCOF ) reversed early

gains to fall 0.58%.

Heavy machinery maker Mitsubishi Heavy Industries ( MHVYF )

rose 2.6%.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Morning Bid: Chips and luxury lead the way lower
Morning Bid: Chips and luxury lead the way lower
Oct 17, 2024
A look at the day ahead in European and global markets from Ankur Banerjee European chip and luxury stocks will be at the forefront of investors' minds on Wednesday, and for all the wrong reasons, after lacklustre earnings from the region's biggest tech firm ASML and luxury bellwether LVMH dragged shares lower. Chip stocks around the world sank after ASML...
MORNING BID EUROPE-Chips and luxury lead the way lower
MORNING BID EUROPE-Chips and luxury lead the way lower
Oct 17, 2024
A look at the day ahead in European and global markets from Ankur Banerjee European chip and luxury stocks will be at the forefront of investors' minds on Wednesday, and for all the wrong reasons, after lacklustre earnings from the region's biggest tech firm ASML and luxury bellwether LVMH dragged shares lower. Chip stocks around the world sank after ASML...
Morning Bid: Triple dose of central banks as tech, oil slump
Morning Bid: Triple dose of central banks as tech, oil slump
Oct 17, 2024
(Reuters) - A look at the day ahead in Asian markets.  Three monetary policy decisions dominate Asian markets on Wednesday, with investor sentiment and risk appetite likely to be kept in check by a selloff on Wall Street and worries over tech and the global economy the day before. The central banks of Indonesia, Thailand and the Philippines all set...
MORNING BID ASIA-Triple dose of central banks as tech, oil slump
MORNING BID ASIA-Triple dose of central banks as tech, oil slump
Oct 17, 2024
Oct 16 (Reuters) - A look at the day ahead in Asian markets. Three monetary policy decisions dominate Asian markets on Wednesday, with investor sentiment and risk appetite likely to be kept in check by a selloff on Wall Street and worries over tech and the global economy the day before. The central banks of Indonesia, Thailand and the Philippines...
Copyright 2023-2026 - www.financetom.com All Rights Reserved