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Tokyo shares fall on Middle East worries

IndiaTimes Monday, 23 October 2023
Tokyo stocks opened lower on fears of the Middle East crisis worsening. The benchmark Nikkei 225 index fell 0.47 percent, while the broader Topix index slipped 0.35 percent. Weak corporate earnings from US companies and rising US Treasury yields were also factors contributing to the market decline. Additionally, the ruling party's loss in a by-election and the possible adjustment of the Bank of Japan's policy added to the cautious sentiment. Major Tokyo shares, including Toyota, SoftBank Group, Nintendo, and Fast Retailing, also experienced losses.
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