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NEXT FUNDS Nikkei 225 2x Leveraged ETF Surges Toward \50,000 as Short-Covering Accelerates on Iran Ceasefire Deadline Extension
NEXT FUNDS Nikkei 225 Leveraged Index Exchange Traded Fund <1570> surged, pushing toward the \50,000 level. Earlier this morning, U.S. President Trump announced a two-week extension of the ceasefire negotiation deadline with Iran, which had originally been set for 9:00 a.m. Japan time on the 8th. In response, short-covering accelerated, with CME Nikkei 225 futures (June contract) jumping \2,000 to \56,000.
Riding this momentum, the Nikkei Stock Average opened sharply higher, driven by futures-led buying. NEXT FUNDS Nikkei 225 2x <1570>, a 2x leveraged ETF tracking the Nikkei 225, also surged as retail investors and short-term traders rushed in. According to the latest margin trading data as of April 3, short positions in NEXT FUNDS Nikkei 225 2x had been building while long positions were unwound amid concerns over Middle East risks. The latest price action is moving squarely against prevailing investor positioning.
Source: MINKABU PRESS
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