Japan's Nikkei Stock Average Slips as US Futures Fall, Investors Eye Israel-Iran Ceasefire
TOKYO, June 25 (Reuters) – Japan's Nikkei share average inched lower on Wednesday, weighed down by declines in U.S. stock futures, as investors awaited clarity on whether a fragile ceasefire between Israel and Iran would hold.
The Nikkei .N225 was down 0.1% at 38,750.47 by the midday break, after flitting between modest gains and losses.
The broader Topix .TOPX fell 0.34% to 2,771.93.
'The market had already factored in the gains of U.S. stocks last night subsequent to a ceasefire announcement,' said Naoki Fujiwara, senior fund manager at Shinkin Asset Management.
The Nikkei snapped a three-day losing streak to end higher on Tuesday after U.S. President Donald Trump announced the ceasefire agreement late Monday.
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