The Nikkei Index fell 1.7% in early trading to 53,514.80 points, following overnight losses on Wall Street as tensions in the Middle East persisted. Chris Beauchamp, Chief Market Analyst at IG, commented via email, "As long as the U.S. and Iran remain at odds, stock markets will continue to face pressure." He added, "Traders are using every rally in oil prices as an opportunity to sell equities, while buying when oil prices soften." Among the worst performers on Japan's benchmark index, Honda Motor declined 5.1%, Ebara dropped 5.0%, and SoftBank Group fell 4.9%.
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