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Nikkei 225 Falls 1.12% on July 14 as Middle East Tensions Weigh on Tech Stocks

GateNews
StocksIndices
JPN225-0.02%
According to Yonhapinfomax, Japan's stock market declined on July 14 morning, with the Nikkei 225 index falling 1.12% to 66,491.02 and the TOPIX dropping 0.49% to 3,987.67. The decline followed weakness in U.S. tech stocks overnight after the U.S. military reimposed its blockade on Iran's waters, with President Donald Trump stating the measure would take effect at 8:00 p.m. GMT on July 14. As a result, semiconductor stocks led the selloff in Japan, with SoftBank Group dropping over 4% and other chip-related names including Ibiden and Taiyoyuden falling more than 4%. The Philadelphia Semiconductor Index had slumped 4.78% overnight.
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