Asia stocks slip amid tech losses and Iran tensions, Nikkei leads losses

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Summary · why it matters

Most Asian stock markets fell on Friday, with Japan's Nikkei 225 sliding 4% to lead regional losses as technology shares extended a global selloff and investors remained cautious over escalating U.S.-Iran tensions. The broader TOPIX declined 2.6%, while heavyweight chip-related stocks such as Murata Mfg Co and Kioxia Holdings Corp were major decliners on the Nikkei. China's Shanghai Composite slipped 1.6% and the blue-chip Shanghai Shenzhen CSI 300 fell 2.5%, while Hong Kong's Hang Seng dipped 2%. South Korean markets were closed for a public holiday, and Australia's ASX 200 and Singapore's Straits Times index each edged 0.5% lower. India's Nifty 50 index rose 0.6% in early trade, bucking the regional trend. Brent crude and U.S. West Texas Intermediate futures were both on track for weekly gains of more than 10%, their biggest weekly advances since April, as the U.S. military carried out a sixth consecutive night of strikes on Iran, stoking supply disruption fears.

Impact on assets 5

Semiconductors▼
Others▲
⛏Brent Crude Oil Futures
BRENT
▲ PositiveGeopoliticsrelevance

U.S.-Iran tensions and strikes stoke supply disruption fears, driving Brent futures up over 10% weekly.

⛏Crude Oil WTI Futures
WTI
▲ PositiveGeopoliticsrelevance

U.S.-Iran tensions and strikes stoke supply disruption fears, driving WTI futures up over 10% weekly.