Nikkei Corrects, Iran Ceasefire Questioned Again
Japanese stocks weakened on Thursday (April 9), paring some of the previous session's rally, as oil prices edged higher and the market reassessed uncertainty surrounding the implementation of the ceasefire between Iran and the US-Israel side. The Nikkei 225 fell 0.73% to close at 55,895, while the Topix fell 0.9% to 3,741.
Sentiment was weighed down after a senior Iranian official said elements of the ceasefire agreement had been violated following a new Israeli attack on Lebanon. Tehran is also said to remain largely blockaded by the Strait of Hormuz, raising concerns about energy supplies and imported inflation—sensitive issues for Japan as an energy importer.
At the issuer level, Fast Retailing (Uniqlo's parent company) fell 0.46% despite raising its full-year operating profit forecast thanks to strong demand from the US and Europe, with Japan said to remain a stable base. Seven & I Holdings plunged 4.6% after postponing plans to list its convenience store unit in the US, citing uncertainty regarding its business in the United States.
Source: Newsmaker.id
