Japanese Stocks Plunge Amid Iran War

Japanese stocks closed sharply lower on Tuesday, with significant losses across several sectors, most notably transportation and telecommunications.

Among the leading stocks that saw the steepest declines were Sumitomo Dainippon Pharma Co Ltd, which fell 19.2%, TDK Corp, which dropped 10.4%, and Mazda Motor Corp, which declined 9.4%.

The Nikkei 220 index also fell by 3.09%.

On the other hand, Tokyo Gas Co. was the top gainer, rising 2.2%.

Nikkei 

Regarding the analysis of the Nikkei 220 index, it fell sharply to 53,617, breaking through initial buying levels and reaching the next buying zone, consistent with the upward trend.

Currently, we expect to see the index rise to the specified targets at the levels of $58,400 and $60,000 respectively, only if any reversal signals appear. The current situation indicates the possibility of the index continuing to decline due to the war.