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NEXT FUNDS Nikkei225 2x hovers near previous close amid competing forces, as oil drops and U.S. stock futures rise on Trump comments

Tue Mar 31, 2026 11:18 am JST Catalyst

NEXT FUNDS Nikkei 225 Leveraged Index Exchange Traded Fund <1570> saw mixed trading near its previous closing level, at one point rising approximately \600 from the previous day. Today, the Nikkei Stock Average was forced into a sharp decline in early trading following a sell-off in U.S. technology stocks the previous day, but subsequently showed resilience led by futures trading, turning positive shortly after 10:30 a.m. Reports emerged that U.S. President Trump indicated the possibility of ending military attacks on Iran without waiting for the de facto blockade of the Strait of Hormuz to be lifted, which prompted crude oil futures prices, which had been soaring, to fall sharply. U.S. stock index futures rose in response, and the Tokyo market followed suit.

NEXT FUNDS Nikkei225 2x is an ETF structured to track the Nikkei Stock Average, with its key feature being a basic setting of double the price volatility. When overall market volatility increases, there is a tendency for intensified short-term trading activity by retail investors and others seeking to capture upside and downside price swings. While the overall market outlook remains uncertain, concerns about sharp declines have made short-covering more likely, with news headlines influencing the current volatile price movements.

Source: MINKABU PRESS

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