Japanese Shares Decline on Ceasefire Uncertainty
2026-04-09 06:54
By
Jam Kaimo Samonte
1 min. read
The Nikkei 225 Index fell 0.73% to close at 55,895, while the broader Topix Index dropped 0.9% to 3,741 on Thursday, giving back some of the previous session’s gains as oil prices edged higher amid ongoing uncertainty over the ceasefire agreement between Iran and the US-Israeli side.
A senior Iranian official said elements of the ceasefire proposal had already been breached following fresh Israeli strikes on Lebanon, while Tehran continued to largely block the Strait of Hormuz.
In corporate developments, shares of Uniqlo parent Fast Retailing slipped 0.46% despite lifting its full-year operating profit forecast on strong demand from the US and Europe, with Japan remaining a stable base.
Meanwhile, Seven & I Holdings plunged 4.6% after announcing a delay in the planned listing of its US convenience store unit amid uncertainties surrounding its US businesses.