"Nikkei Index" retraced 413 points for the entire day, Aeon fell 8% after earnings, while wire stocks continued to rise against the trend

The reopening of the Strait of Hormuz is uncertain, as Iran is dissatisfied with Israel's continued attacks on Hezbollah positions in Lebanon, leading Iran to close the strait again. After a sharp rise in major Asia-Pacific stock markets yesterday, they generally softened this morning (9th). The Nikkei index, after surging 5.4% yesterday, opened lower by 108 points this morning, reporting 56,199 points, and at one point rose by 98 points before softening at high levels, eventually falling by 545 points in the afternoon, closing down 413 points or 0.73%, at 55,895 points. The yen slightly fell by nearly 0.2%, with the dollar rising against the yen to 158.79.

Heavyweight stocks constrained the market, with SoftBank (9984.JP) retreating by 1.2%, Nissan (7201.JP) down 2%, Toyota (7203.JP), Mitsubishi UFJ (8306.JP), and Mitsubishi Heavy Industries (7011.JP) falling between 1.4% and 1.6%. Fast Retailing (9983.JP) announced its earnings after the market closed, slightly down 0.5% for the day. Tokyo Electric Power Company (9501.JP) rose by 2.6%, while storage stock Kioxia (285A.JP) slightly increased by 0.4%.

Wire stocks continued to rise against the trend, with Fujikura (5803.JP) and Furukawa Electric (5801.JP) each rising by 3.1% to 4%.

Department store stock Aeon (8267.JP) fell by 8.2%, the worst performer among index stocks. Its operating revenue for the full fiscal year ending in February this year increased by 5.7% year-on-year to 10.72 trillion yen, operating profit rose by 13.8% to 270.459 billion yen, and net profit surged by 167.5% to 72.677 billion yen