Nikkei Average extends modest decline, inflation concerns weigh; cable stocks provide support

The Nikkei Average edged lower for a second straight session, closing at ¥65014.78. Cable stocks supported the market amid tensions in the Middle East and higher crude oil prices.

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The story

The Nikkei Average ended modestly lower in the Tokyo market. It closed at ¥65,014.78, down ¥126.55 from the previous trading day.

The market moved under the influence of higher crude oil prices amid tensions in the Middle East. Meanwhile, strength in cable stocks eased the market's downside to some extent.

The article does not provide any other specific stock moves or sector trends.

At a glance

Nikkei close¥65014.78

Change from previous day-¥126.55

Change (%)-0.19%

BackgroundTensions in the Middle East and higher crude oil prices

TrendGains in cable stocks supported the market

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