Japan's Nikkei Index May Decline Following Overnight Losses in US Tech Stocks

Deep News

Jul 28

Japanese stocks are likely to head lower amidst ongoing uncertainty regarding the conflict in Iran, following a drop in US technology shares overnight. Futures on the Nikkei index traded on the Singapore Exchange fell 1.7%, settling at 63,930 points.

Investors are closely monitoring crude oil prices and developments in the Middle East after Saudi Arabia reported intercepting a drone launched by an Iran-backed militia from Iraq towards the kingdom's oil facilities. On Monday, the Nikkei index had closed 0.5% higher, reaching 64,931.19 points.

All data and analysis are provided by Sina Finance APP. Editor: Wang Yongsheng.

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