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Japan's Nikkei falls on geopolitical concerns after Israel attacks Iran

ReutersJun 13, 2025 1:34 AM
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- Japan's Nikkei share average fell on Friday, mirroring moves in U.S. stock futures, oil and other stock markets on news that Israel had conducted a military strike on Iran.

As of 0106 GMT, the Nikkei .N225 was down 1.5% at 37,584.47.

The broader Topix .TOPX fell 1.28% to 2,7473.9.

"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 has begun carrying out strikes on Iran, two U.S. officials said on Thursday, adding that there was no U.S. assistance or involvement in the operation.

Chip-making equipment maker Tokyo Electron 8035.T fell 5.5% to drag the Nikkei the most. Uniqlo-brand owner Fast Retailing 9983.T lost 2.1%.

Exporters fell as the yen strengthened, with Toyota Motor 7203.T and Nissan Motor 7201.T falling 2.75% and 1.5%, respectively.

All but three of the Tokyo Stock Exchange's 33 industry sub-indexes fell.

Energy sectors rose as oil prices jumped, with oil explorers .IMING.T and refiners .IPETE.T gaining 3.6% and 2.2%, respectively.

The utility sector .IEPNG.T rose 0.7%.

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