Nikkei drops 1.92% to 67,242.73 as oil jumps over 4% and chip stocks slide
AI Market Summary
Japan's Nikkei fell as renewed Middle East conflict lifted oil prices over 4%, raising fears of higher input costs and weaker corporate outlooks at the start of earnings season. Semiconductor and memory-linked names led declines, amplified by spillover from a sharp KOSPI drop and profit-taking in SK Hynix. Bank shares outperformed on value rotation, limiting broader Topix losses, but risk sentiment toward growth remained pressured.
Impact level
● Medium
Affected assets
NCSINIKKEI2252USD/USDT+0.00%
AI Insight · NCSINIKKEI2252USD/USDTAI Insight
▼ Bearish
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Japan’s Nikkei 225 fell 1.92% to 67,242.73, while the broader Topix slipped 0.71% to 4,007.49. The decline came as Middle East tensions pushed oil prices up more than 4% and kept energy shipments through the Strait of Hormuz under threat. Investors also weighed the start of Japan’s earnings season and concerns that higher costs could pressure corporate outlooks, with chip-related names and Kioxia among the biggest drags.
