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Following an overnight decline in US technology stocks, the Japanese stock market declined in early trading, and the Nikkei index fell 3%. The uncertainty over the Iran conflict is also putting pressure on the market. Chips and metals stocks led the decline. The Edwin Test fell 8.0%, and Mitsui Kinzoku fell 6.1%. Investors are closely watching the development of crude oil prices and the situation in the Middle East after Saudi Arabia said it had intercepted drones launched by Iran-backed militias in Iraq at the country's oil facilities.
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Following an overnight decline in US technology stocks, the Japanese stock market declined in early trading, and the Nikkei index fell 3%. The uncertainty over the Iran conflict is also putting pressure on the market. Chips and metals stocks led the decline. The Edwin Test fell 8.0%, and Mitsui Kinzoku fell 6.1%. Investors are closely watching the development of crude oil prices and the situation in the Middle East after Saudi Arabia said it had intercepted drones launched by Iran-backed militias in Iraq at the country's oil facilities.
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