Japan’s Nikkei Sags as Iran Attack, Wall Street Sell-Off Sour Sentiment (Update 1)

Reuters

12:14 JST, April 15, 2024 (updated at 15:40 JST)

TOKYO (Reuters) – Japan’s blue-chip Nikkei index dropped on Monday as investors sold equities following an escalation of violence in the Middle East and a sell-off on Wall Street at the end of last week.

Japanese semiconductor-sector stocks tracked their U.S. peers lower after a media reportsaid Beijing ordered China’s biggest telecom carriers to phase out the use of foreign chips.

Domestic earnings produced some outsized losers as well, with drugmaker Astellas and department store operator Takashimayaboth tumbling.

The…