CORRECTED-Japanese shares tumble as Middle East conflict fuels stagflation fears

TOKYO, March 30 (Reuters) - Japanese shares slumped on Monday, tracking a broader retreat in risk assets as the widening Middle East conflict and the lack of any near-term resolution fuelled stagflation concerns.

The Nikkei .N225 tumbled 4.7% to 50,859.51 as of 0006 GMT. The broader Topix .TOPX slid 5.4% to 3,487.38.

Over the weekend, Yemen's Iran-aligned Houthis launched their first attacks on Israel since the start of the U.S.-Israeli war with Iran, pushing oil prices higher.

Pakistan said it was preparing to host "meaningful talks" to end the conflict with Iran in coming days even as Tehran said it was ready to respond if the U.S. launches a ground attack.

There were zero advancers on the Nikkei index against 224 decliners.