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TOKYO Phillip Lindsay Black Jersey , Sept. 24 (Xinhua) -- The Nikkei stock index closed 0.24 percent lower Wednesday as investor sentiment was soured following losses on Wall Street sparked by geopolitical concerns, as the U.S. led airstrikes against Islamic State positions in Syria.


The Nikkei 225 index lost 38.45 points to close at 16,167.45, while the broader Topix index of all first-section shares fell 0. 35 percent, or 4.70 points, to finish at 1,326.18. Markets here were closed Tuesday for a national holiday.


Strategists here said investors were in a risk-averse mood following rising tensions in Syria and Iraq as U.S. and Arab forces launched airstrikes against Islamic State military bases Joe Flacco Black Jersey , including its headquarters in eastern Syria and separately against al-Qaeda stronghold, in raids on Monday.


President Barack Obama said the strikes, which were coordinated with five Arab nations, showed that the attacks on Islamic State were a coalition-backed resolution.


But the rising conflict in the Middle East sent Wall Street lower overnight and saw the U.S. dollar retreat to 108.67 yen, compared to 108.87 yen logged in New York on Tuesday.


Local analysts noted that in times of geopolitical uncertainty investors often switch from riskier assets like stocks, into safer havens like the yen, which pushes its price up against its counterparts.


They also said that amid signs the market was overheating Royce Freeman Black Jersey , investors were having a hard time to sell even though U.S. issues were losing ground, meaning overall losses today were capped, but could see further drops henceforth.


"If financial markets move toward a risk-off stance because of the geopolitical conflicts, then U.S. long-term interest rates fall and the yen is more likely to strengthen. Japanese shares, reacting to the stronger yen, will pull back after rising too far, " said Mitsushige Akino Bradley Chubb Black Jersey , executive officer at Ichiyoshi Asset Management Co.


Nikkei heavyweight SoftBank continued its decline Wednesday, falling 3.53 percent to 7,917 yen, after tumbling more than 6 percent on Monday as the stock had jumped more than 30 percent in the run up to e-commerce giant Alibaba's record IPO on Wall Street. SoftBank has more than a 30 percent stake in Alibaba.


Consumer electronics giant Sony also closed in negative territory Wednesday, losing 1.19 percent to 1,874 yen, owing to the yen's rise against the U.S. dollar Colby Wadman Womens Jersey , and similarly Toyota skidded down 1.06 percent to close the day at 6,423 yen.


Japan's top brokerage Nomura relinquished 1.7 percent to 677 yen, following Markit Economics' purchasing managers' index showing that manufacturing in Europe dropped to a provisional 50.5 in September from a reading of 50.7 a month earlier.


But Apple Inc.-related issues following robust sales of its two new iPhone models attracted buying and component maker Murata Manufacturing added 1.44 percent to close at 11,955 yen and Japan Display, a joint LCD technology venture between Sony, Toshiba, and Hitachi Connor McGovern Womens Jersey , rose 1.89 percent to finish at 590 yen.


Supermarket chain Daiei was another notable bright spot on the market Wednesday, with the stock powering up 17 percent to close at 142 yen, following reports that its biggest shareholder Aeon will make Daiei a wholly owned subsidiary.


Aeon, however, for its part, dropped 2.7 percent to close at 1, 090 yen Ja'Wuan James Womens Jersey , following the news.


Trading volume on Wednesday rose to 2.16 billion shares on the Tokyo Exchange's First Section, up from Monday's volume of 1.95 billion shares, with declining issues outpacing advancing ones by 936 to 741.


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