Japanese Equities Retreat as Tech and Metals Sectors Weigh on Market

Deep News08:30

Japanese stock markets declined, following strong U.S. employment data on Friday which heightened expectations that the Federal Reserve may raise interest rates, a development that also weighed heavily on U.S. technology shares. Uncertainty over the Middle East situation, following Iran's launch of multiple waves of missiles toward Israel on Sunday, also pressured the market.

The Nikkei 225 index fell 3.7% to close at 64,110.41 points.

Electronics and metals stocks led the decline. Tokyo Electron fell 5.1%, while JX Advanced Metals dropped 5.8%. Shares of Softbank Group Corp declined 9%. Investors are closely monitoring developments in the Middle East situation.

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