Japanese Shares Post Marginal Gains as Investors Remain Cautious Around Middle East Tensions
Japanese shares pulled back on Monday to close nearly flat as investors took a cautious stance after tensions between the US and Iran escalated over the weekend.The benchmark Nikkei 225 closed marginally higher by 107.23 points or 0.15% at 69,468.11 on Monday.According to media reports, tensions between the US and Iran resurfaced over the weekend after a truce had been reached, as Iran launched fresh drone and missile attacks on Bahrain and Kuwait in response to new US airstrikes.This created unease among investors around the global economic outlook.Back home, Japan's retail sales rose 1.9% in May, following an upwardly revised April gain, with annual growth surging to 5.3% against a 3% consensus.On the corporate side, Denso Corp.( TYO:6902) filed for the listing of $500 million of 4.864% senior notes due 2031 on the Singapore bourse, while Toyota Motor (TYO:7203) filed for the listing of 1 billion euros worth of bonds on the Singapore bourse, according to separate filings with the Singapore Exchange on Monday.Also, TV Asahi Holdings (TYO:9409) board approved the issuance of 8,266 new shares worth up to 25.4 million yen under its restricted share compensation plan.
