Tokyo markets down at start of trading year amidst US-Iran tension

Tokyo stocks price went down as the trade of the year began on Monday morning amidst the rising tension between the U.S. and Iran.

Tokyo's Nikkei 225 index fell 418.86 points or 1.77 per cent, at 23,237.76 in the first one hour of the trade.

Akira Kiyota, Chief Executive Officer of Japan Exchange Group, expressed his caution over the tension in the Middle East as a risk factor for financial market.

Japanese Finance Minister Taro Aso who joined the opening ceremony did not make any reference on the situation in the Middle East.

Tokyo Stock Market traditionally starts the trade of the year with bell tolling and hand clapping wishing for a good trading year.