South Korea's KOSPI index closed down 173.07 points, or 2.04%, at 8,303.41 on Wednesday, July 1.

Mizuho Securities economist Ryosuke Katagi said despite global geopolitical risks Japanese corporate profit plans remain resilient. Wednesday’s BOJ Tankan showed firms across all industries and sizes expect recurring profit to decline 6.5% in the current fiscal year, versus a 2.4% decline forecast in the March survey. Katagi said the revision reflects normal seasonality and aligns with the June 2025 projection for the prior fiscal year, suggesting the Middle East conflict has not yet materially affected profit prospects. "These revisions warrant close attention because this fiscal year's corporate profits will affect 2027 spring wage negotiations," he added.

市场消息：巴西政府将逐步削减紧急燃料补贴。