Japanese equities declined as the breakdown of peace talks between the United States and Iran reignited concerns over rising energy prices. Technology and electronics stocks led the losses. SoftBank Group fell 2.5%, Tokyo Electron dropped 2.8%, and Renesas Electronics declined 2.2%. Investors are closely monitoring crude oil prices and any developments in the Middle East after U.S. President Trump stated that American forces would block the Strait of Hormuz. The Nikkei Index decreased by 0.4% to 56,685.08 points.
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