Tokyo shares fall, Hong Kong's advance as tensions escalate in the Middle East
In Tokyo, the Nikkei 225 lost 1.7% to 37,993.18. It has retreated since the ruling Liberal Democratic Party chose Shigeru Ishiba to lead the government, replacing Fumio Kishida, who stepped aside on Tuesday. A weaker Japanese yen and higher energy prices would add to Ishiba's burdens as he works to pep up the economy.