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Stock impact report

Japan's Nikkei sags as Iran attack, Wall Street sell-off sour sentiment [Yahoo! Finance]

Nomura Holdings Inc ADR American Depositary Shares (NMR) 
US:NYSE Investor Relations: nomuraholdings.com/investor
Company Research Source: Yahoo! Finance
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 report said 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 Takashimaya both tumbling. The Nikkei lost 0.74% to close at 39,232.80, though that was well off early losses of as steep as 1.78%. The broader Topix slipped 0.23%. An already sombre backdrop from losses of more than 1% across the major Wall Street benchmarks on Friday was made even more gloomy after Iran launched an unprecedented attack on Israeli territory over the weekend. "The risk-off mood is really pushing down on Japanese equities," said Kazuo Kamitani, an equities strategist at Nomura Securities. However, with the Nikkei's 25-day moving average Show less Read more
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