Nikkei likely to fall amid concerns about rising Middle East conflict and weakness in chip stocks
Japanese stocks were likely to fall amid concerns about rising conflict in the Middle East and weakness in U.S. chip stocks overnight. U.S. President Donald Trump is leaning toward expanding U.S. military action in Iran after being briefed by top aides on new escalation options. Japanese chip stocks are likely to fall after the U.S. Philadelphia Semiconductor Index fell 2.1% on Wednesday. On the Singapore Exchange, Nikkei futures fell 935 points to 67,860 points. The Nikkei closed up 1.5% on Wednesday at 68,751.51 points.