Mumbai, April 23 -- Japan's equity markets closed lower on Thursday, with the Nikkei 225 falling 0.75% to 59,140 and the Topix declining 0.76% to 3,716, reversing earlier gains.

Investor sentiment weakened as stalled US-Iran peace talks and ongoing tensions in the Middle East raised concerns about global stability. The continued disruption around the Strait of Hormuz, alongside US restrictions on Iranian ports, has kept energy prices elevated and added to inflation worries. Comments from Donald Trump that the current truce could remain in place indefinitely, while awaiting a new proposal from Iran, added to uncertainty.

In Japan, focus has shifted to the upcoming policy meeting of the Bank of Japan, as policymakers assess the economic i...