The Nikkei Volatility Index (Nikkei VI) fell 0.50 from the previous day to 31.55. Although Nikkei 225 futures opened lower in the morning, they turned higher after the open, and downside support continued, while uncertainty over the situation in Iran kept concerns in place.
The Nikkei VI fell to 31.55, down 0.50 from the previous day, for a percentage change of -1.56%. It moved between a high of 32.44 and a low of 30.62.
Nikkei 225 futures opened lower but turned higher during the morning, and the market recognized firm downside support during the daytime session. A mood of caution over rising volatility spread among market participants.
The Nikkei VI remained below yesterday’s level, prompting views that firm downside support would continue. However, factors capable of pushing stock prices higher remained weak, and concerns had not been fully dispelled.
Uncertainty over the outlook for the situation in Iran remained a focus in the market, and some said movements in the Nikkei VI were likely to remain limited depending on volatility trends.