Japanese Markets Volatile Amid Middle East Tensions and Oil Price Concerns

Japanese stock markets experienced significant volatility amid Middle East tensions affecting oil supply. The Nikkei 225 saw its steepest weekly decline in nearly a year, dropping 5.5%, driven by concerns over rising crude prices impacting inflation and the yen. However, the index rebounded 1.9% following speculation of easing regional tensions. The broader Topix index mirrored this recovery, with gains led by mining, oil, coal, and banking sectors, despite ongoing uncertainty in energy markets.