Japanese Shares Fall for Third Session
2026-05-18 00:48
By
Jam Kaimo Samonte
1 min. read
The Nikkei 225 Index fell 0.97% to close at 60,816, while the broader Topix Index lost 0.97% to 3,827 on Monday, marking a third straight session of losses for Japanese equities as escalating Middle East tensions kept oil prices elevated.
President Donald Trump warned that Tehran is running out of time to secure an agreement with Washington, while Iranian media reports indicated the two sides remain far apart in negotiations.
Japanese markets also followed Wall Street lower after Friday’s sharp selloff, when Treasury yields surged on expectations that the Federal Reserve may need to raise interest rates this year to counter inflationary pressures linked to the Iran conflict.
Technology shares led the downturn, with notable declines from Fujikura (-2.9%) SoftBank Group (-2.7%) and Advantest (-0.8%).
In corporate developments, Mizuho Financial tumbled nearly 6% following reports that it is considering a potential investment in Rakuten Bank.