The Nikkei Average fell sharply, closing ¥1,259 lower than the previous day at ¥64,011. NY crude oil briefly rose above $104, reaching a high level and intensifying risk aversion.
The Nikkei Average fell sharply, closing ¥1,259 lower at ¥64,011. NY crude oil futures briefly rose above $104, prompting broader risk aversion among investors amid geopolitical risks and concerns over supply and demand.
Among the day's announcements and market developments, コンペイトウ, which operates an installed corporate cafeteria service, went public. Its shares closed at ¥1,670, about 13% above the opening price.
In corporate earnings, Kobe Bussan reported operating profit of ¥31.3 billion for November-July, up 3.2% year on year, as private-label products performed well despite higher procurement costs. Kura Sushi, meanwhile, reported net profit of ¥2.0 billion for November-July, down 41%, as persistently high raw material prices weighed on results.