Nikkei | Image:Shutterstock
Nikkei share average: Japan’s benchmark Nikkei index witnessed a decline on Monday as escalating violence in the Middle East and a sell-off on Wall Street dampened investor sentiment, leading to a broad-based selloff in equities.
The Nikkei closed down by 0.74 per cent at 39,232.80, although it managed to recover from earlier losses of up to 1.78 per cent. Similarly, the broader Topix slipped by 0.23 per cent.
The semiconductor sector mirrored losses seen in the US, with Japanese stocks tracking their American counterparts lower following reports that Beijing instructed China’s major telecom carriers to reduce…
