The Nikkei Stock Average Volatility Index (Nikkei VI) fell sharply from the previous day, while the Nikkei Stock Average remained firm. Against the backdrop of overseas market trends, the spread of caution was limited.
On the 28th, the Nikkei VI fell sharply to 23.25, down 4.78 points, or 17.05%, from the previous day. The intraday high was 29.89 and the low was 23.25, with the index falling sharply again by the close.
Nikkei 225 futures remained generally firm after trading began, but rising crude oil futures prices and U.S. long-term interest rates in overseas markets raised caution, and the risk of a temporary rise in the Nikkei VI came into focus.
Stock prices remained firm throughout the day, causing the Nikkei VI's rise to gradually narrow, and ultimately preventing a sharp increase.
Following these developments, the Nikkei VI, as an indicator of market expectations for volatility, is expected to remain a focus of attention as its future trend continues to unfold.