The Nikkei Stock Average fell for a third straight session at the 26th midday close, with the morning-session closing price down ¥478.50 at ¥62,214.66. As concerns over the situation in the Middle East persisted, INPEX and 石油資源 rebounded, while crude oil futures rose at the end of the previous week. KOA surged after raising its earnings and dividend forecasts for the current fiscal year.
The Nikkei Stock Average fell for a third straight session at the 26th midday close, with the morning-session closing price at ¥62,214.66. The Nikkei was down ¥478.50, or 0.76%, from the previous day at the end of trading. On the TSE Prime Market, the number of advancing stocks was declining.
The rebounds in INPEX and 石油資源 supported market activity and suggested movement in oil-related stocks.
Continued concerns over the Middle East affected market sentiment, while crude oil futures rose at the end of the previous week. Trends in the energy sector affected the direction of the broader market.
KOA surged after raising its earnings and dividend forecasts for the current fiscal year, attracting attention.