Global Markets | Japan's Nikkei falls for third day as Iran crisis fuels stagflation concerns

Japan's Nikkei index dipped for a third straight day, reflecting anxieties over the Middle East crisis. Escalating tensions have fueled concerns about prolonged economic damage from soaring energy prices and a weakening yen. Investors are increasingly wary of stagflation, a scenario of rising inflation coupled with economic slowdown, impacting domestic demand sectors.