Nikkei Index May Decline on Energy Cost Worries

Deep News04-06 08:00

Japanese stocks may fall as concerns over rising energy costs and petrochemical shortages persist amid the Iran conflict. U.S. President Donald Trump has threatened to destroy all of Iran's power plants if its leaders fail to reopen the Strait of Hormuz by Tuesday evening. Nikkei futures traded on the Singapore Exchange dropped 0.1% to 53,080. Investors are closely monitoring developments in the Middle East and potential measures by the Japanese government to help businesses secure energy and petrochemical supplies. On Friday, the Nikkei Index rose 1.3% to 53,123.49 points.

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