Global Markets: Nikkei ends sharply lower as oil surge darkens earnings outlook
AI Market Summary
Japan's Nikkei fell 1.92% and Topix declined as Middle East tensions escalated, raising risks to energy flows through the Strait of Hormuz and pushing oil prices up over 4% in a day. Higher input costs and uncertainty into the start of earnings season weighed on risk sentiment, hitting chip and tech-linked names; KIOXIA dropped sharply and broader regional semiconductor weakness amplified the index selloff.
Impact level
● High
Affected assets
NCSINIKKEI2252USD/USDT+0.33%
AI Insight · NCSINIKKEI2252USD/USDTAI Insight
▼ Bearish
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Japan's Nikkei 225 closed down 1.92% at 67,242.73, while the Topix fell 0.71%. The decline came as Middle East tensions intensified, with the U.S. and Iran announcing a new round of military strikes. Risks to energy shipments through the Strait of Hormuz pushed international crude prices up more than 4% in a single session.
Investors grew concerned that higher input costs could squeeze corporate profits just as Japan's earnings season gets underway, weighing on chip-related names and the broader market. KIOXIA plunged 12.86% on the day, and SK Hynix dropped more than 15%. The Nikkei's losses also deepened amid spillover pressure linked to South Korean equities.
