(23 Jun 2025)
RESTRICTIONS SUMMARY:
++CLIENTS: RESENDING TO CORRECT SPELLING OF INVESTMENT FIRM IN SOUNDBITE TITLE++
ASSOCIATED PRESS
Tokyo – 23 June 2025
1. Japan’s benchmark stock index Nikkei 225 falling after the opening of Tokyo Stock Exchange
2. Mid of electronic board
3. Astris Advisory Japan KK’s Managing Director Neil Newman looking at his laptop
4. SOUNDBITE (English) Neil Newman, Astris Advisory Japan KK’s Managing Director:
"Well, not so much of a reaction in Japanese stocks, and I think largely that could have been because there certainly has been a risk of (war) over the last couple on months. Now, we have seen foreign money coming back in again, but I think it is just a little bit too early to decide as an investor, if you have been bringing money back into Japan, well it’s time to take it out again immediately. So, I believe what we are thinking is or the thinking is that it is going to be a short conflict. The one big hit by the Americans will be affective and then we’ll get back to sort of business as usual, in which case there is no need for the immediate, panicky type reaction."
5. Energy sources industry index up for 3.48 points
6. SOUNDBITE (English) Neil Newman, Astris Advisory Japan KK’s Managing Director:
"The U.S. strike on Iran certainly is very good advertisement for defense equipment. Around the region here in Asia, we do have two very large defense equipment manufacturing bases, which, of course, is Japan where there are thirty odd companies, I believe, listed which are actively involved in the defense sector. Then, of course Korea, which has built out its defense manufacturing capabilities quite substantially over the past few years and is now engaged in substantial exports. So very good for those industries."
7. Newman taking notes
8. SOUNDBITE (English) Neil Newman, Astris Advisory Japan KK’s Managing Director:
"If it’s a sustained conflict then, of course, the risk profile for all this changes because of course that would lead to higher oil prices. Obviously the whole region, the Middle East is obviously very important to oil and 20% of the world’s oil flow goes through Strait of Hormuz. If there should be an embargo, are some disruptions to oil flow and the oil price does go up and stays up, then that will introduce far more inflation into the economies globally and, of course, particularly Japan because it imports so much of its energy."
9. Tokyo Stock Exchange’s logo and stock trade figures reflected on glass
STORYLINE:
Japan’s Nikkei 225 index fell 0.6% Monday morning as global markets reacted to the U.S. strike against nuclear targets in Iran Saturday.
But one analyst in Tokyo told The Associated Press it is too early for the investors to decide whether pull out or not. There is, he said, "no need for the immediate, panicky type reaction."
Neil Newman, from Astris Advisory Japan KK, said the stock market had not been that much affected in Asia based on the thinking that it is going to be a short conflict.
In Asian trading early Monday, Taiwan’s Taiex fell 1.5% while the Kospi in South Korea lost 1%.
Both Taiwan and South Korea rely heavily on oil imported through the Strait of Hormuz.
Australia’s S&P/ASX fell 0.7% and the benchmark in New Zealand lost 0.5%.
On Saturday, U.S. forces attacked three Iranian nuclear and military sites, further increasing the stakes in the war between Israel and Iran.
AP video shot by Mayuko Ono
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