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GgoogleJP first seen 1 d ago, last 1 d ago, peak #4

Inpex and other Japanese resource stocks rise despite Nikkei plunge

Original: inpex

Inpex, Japan's largest oil and gas developer, and petroleum peer Saiseki Shigen Kaihatsu (JAPEX) posted gains even as the Nikkei average fell sharply. Traders say rising Middle East tensions are driving selective buying of resource stocks, with investors seeking energy names seen as benefiting from potential supply disruption and higher crude prices.

Why now: Escalating tensions in the Middle East are pushing investors toward oil-related stocks while the broader Japanese market drops.

InpexJAPEX (Petroleum Resource Development)Nikkei 225Middle East

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