Japan Stocks Fall as Oil Risk Heightens on Escalating Iran War

Japanese stocks declined after concerns over the escalating Iran war drove worries about the economic impact of steeper oil prices with the conflict entering its fifth week.

The Nikkei 225 Stock Average fell 2.8% to 51,885.85, after paring some of its morning losses. The Topix slid 2.9% to 3,542.34, weighed down by electronics and banks. SoftBank Group Corp and Mitsubishi Motors Corp were among the Nikkei’s worst performers.