(Il Sole 24 Ore Radiocor) - Milano, 11 mag - Japanese shares closed lower as geopolitical tensions in the Middle East sparked fresh concerns over energy costs.

US president Donald Trump rejected a peace proposal from Tehran, a move that has effectively left the Strait of Hormuz closed and pushed oil prices sharply higher. The prospect of sustained energy inflation and regional instability weighed heavily on sentiment.

The market also had to digest a wave of corporate results, dominated by a sharp sell-off in the gaming sector. Nintendo shares plunged about 9% after the company issued a disappointing outlook for the 2025-26 fiscal year, forecasting a 27% drop in net profit and an 11.4% decline in sales. The company is grappling with soaring component prices, particularly for memory chips, and rising logistics costs linked to the Middle East conflict.

Losses were led by tech and semiconductor stocks.

The Nikkei 225 index closed down 0.47%, closing at 62,417.88.

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(RADIOCOR) 11-05-26 09:00:11 (0125) 5 NNNN