1 month ago

Nikkei Struggles Amid Earnings Anticipation and Oil Price Drop

Nikkei Struggles Amid Earnings Anticipation and Oil Price Drop
Japans Nikkei trades sideways as investors await earnings · livemint.com

The Nikkei share average in Japan had a tough day on Monday.

It went up and down because investors were waiting for important company earnings reports.

Oil prices dropped because the U.S. stopped bombing Iran, which made people less worried about higher oil prices.

Some companies did well, like Shift, which went up a lot, while others like Kioxia did not do so well.

Overall, the market had more companies going up than down.

Key facts

Nikkei 225
64,472.09 (down 0.22%)
Topix
4,031.75 (up 0.51%)
Oil Price Change
Fell more than 5%
Market Breadth
173 advancers vs. 52 decliners
Top Gainer
Shift (up 7.04%)
Top Decliner
Kioxia (down 7%)

Quotes

Takayuki Miyajima

Senior economist at Sony Financial Group

“"Reduced concern over higher crude prices should support Japanese shares overall, while buybacks are also expected in stocks that had seen an increasingly corrective tone through last week."”
livemint.com

Sources

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